Zapata Quantum (OTCMKTS:ZPTA) Stock Rating Raised to “Hold” at Zacks Research

Zacks Research upgraded shares of Zapata Quantum (OTCMKTS:ZPTA) to a hold rating in a report issued on Monday morning,Zacks reports.

Separately, Craig Hallum upgraded shares of Zapata Quantum to a “strong-buy” rating in a report on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Zapata Quantum Stock Performance

Shares of OTCMKTS:ZPTA opened at $0.52 on Monday. The firm has a 50 day moving average of $0.79 and a 200 day moving average of $0.85. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $97.37 million, a price-to-earnings ratio of -25.99 and a beta of 20.94. Zapata Quantum has a 52 week low of $0.04 and a 52 week high of $2.35.

Zapata Quantum (OTCMKTS:ZPTA) last announced its quarterly earnings results on Friday, August 14th. The quantum software company reported ($0.01) earnings per share (EPS) for the quarter. On average, sell-side analysts predict that Zapata Quantum will post -0.03 earnings per share for the current fiscal year.

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.