Zapata Quantum (OTCMKTS:ZPTA) Shares Down 1% – Here’s What Happened

Zapata Quantum (OTCMKTS:ZPTA) shares dropped 1% during mid-day trading on Friday . The company traded as low as $0.92 and last traded at $1.04. Approximately 148,589 shares traded hands during trading, an increase of 169% from the average daily volume of 55,230 shares. The stock had previously closed at $1.05.

Zapata Quantum Stock Down 1.0%

The stock has a market cap of $179.18 million, a price-to-earnings ratio of -52.00 and a beta of 20.52. The business has a 50-day moving average of $0.75 and a 200-day moving average of $0.79.

Zapata Quantum (OTCMKTS:ZPTA) last announced its quarterly earnings results on Friday, May 15th. The quantum software company reported ($0.01) earnings per share for the quarter.

About Zapata Quantum

Zapata Computing Holdings Inc operates as an industrial generative artificial intelligence (AI) software company in the United States. The company offers subscription-based solutions that combine software and services to develop generative AI applications, as well as accompanying services to solve complex industrial problems. It also provides Zapata AI Sense, a suite of algorithms and complex mathematical models to enhance analytics and other data-driven applications; Zapata AI Prose, a set of generative AI solutions based on large language models for generic chatbot applications; and Orquestra, an industrial generative AI application development platform, which provides sense and prose.