Horizon Quantum Computing Pte. (NASDAQ:HQ) Shares Gap Up – Time to Buy?

Horizon Quantum Computing Pte. Ltd. (NASDAQ:HQ) shares gapped up prior to trading on Thursday . The stock had previously closed at $10.84, but opened at $11.54. Horizon Quantum Computing Pte. shares last traded at $11.8840, with a volume of 81,265 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings assumed coverage on Horizon Quantum Computing Pte. in a report on Tuesday, April 21st. They issued a “sell (e-)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Horizon Quantum Computing Pte. Stock Performance

The company has a market capitalization of $607.35 million, a price-to-earnings ratio of -6.01 and a beta of 0.46.

Horizon Quantum Computing Pte. (NASDAQ:HQ) last posted its quarterly earnings results on Tuesday, May 5th. The quantum computing company reported ($0.09) earnings per share for the quarter.

Horizon Quantum Computing Pte. Company Profile

Horizon Quantum Holdings Ltd. is a quantum software infrastructure company focused on tools and systems that help developers build and deploy quantum applications. The company emphasizes software, algorithms, and workflow infrastructure intended to support practical quantum and hybrid quantum-classical use cases.

Horizon Quantum became a public company through its business combination with dMY Squared Technology Group, Inc (DMYY), which was formed to take a private company public through a business combination.