Pasqal Holding SA (NASDAQ:PSQL – Get Free Report) traded down 4.3% during mid-day trading on Friday. The stock traded as low as $6.84 and last traded at $6.87. 132,558 shares traded hands during trading, a decline of 87% from the average daily volume of 1,016,659 shares. The stock had previously closed at $7.18.
Analysts Set New Price Targets
Several research analysts have recently issued reports on PSQL shares. UBS Group set a $16.00 target price on Pasqal in a research note on Tuesday, September 22nd. Zacks Research upgraded Pasqal to a “hold” rating in a report on Thursday, September 24th. Williams Trading set a $16.00 target price on shares of Pasqal in a report on Wednesday, September 30th. Roth Capital assumed coverage on shares of Pasqal in a research report on Wednesday, September 9th. They issued a “buy” rating and a $20.00 target price on the stock. Finally, Benchmark upgraded shares of Pasqal to a “strong-buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $16.80.
View Our Latest Stock Report on PSQL
Pasqal Stock Down 5.1%
Pasqal Company Profile
Pasqal is a quantum computing company focused on developing neutral-atom quantum technology. The company designs quantum processors that use individually controlled atoms as qubits, along with the hardware, control systems and software needed to operate quantum computers.
Its offerings include access to quantum computing systems through cloud-based platforms, as well as software tools and services intended to help organizations develop and run quantum algorithms. Pasqal targets applications such as optimization, simulation, machine learning, drug discovery, energy and financial modeling.
Founded in France in 2019 by Georges-Olivier Reymond, Pasqal serves research institutions, corporations and public-sector organizations.
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