Pasqal (NASDAQ:PSQL) Sets New 52-Week Low – Time to Sell?

by · The Cerbat Gem

Pasqal Holding SA (NASDAQ:PSQL – Get Free Report) shares reached a new 52-week low during mid-day trading on Wednesday. The company traded as low as $4.93 and last traded at $5.0310, with a volume of 220,650 shares. The stock had previously closed at $5.33.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Williams Trading set a $16.00 target price on shares of Pasqal in a research note on Wednesday, September 30th. Canaccord Genuity Group reissued a “buy” rating and set a $16.00 price target on shares of Pasqal in a research report on Monday, September 28th. UBS Group set a $16.00 price target on shares of Pasqal in a report on Tuesday, September 22nd. Cantor Fitzgerald started coverage on shares of Pasqal in a research report on Friday, October 30th. They issued an “overweight” rating and a $12.00 price objective for the company. Finally, Needham & Company LLC initiated coverage on shares of Pasqal in a research report on Wednesday, September 30th. They issued a “buy” rating and a $16.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Pasqal has a consensus rating of “Buy” and a consensus price target of $16.00.

Get Our Latest Research Report on Pasqal

Pasqal Price Performance

The company has a quick ratio of 2.04, a current ratio of 2.22 and a debt-to-equity ratio of 0.13. The stock has a 50-day simple moving average of $6.53.

Pasqal (NASDAQ:PSQL – Get Free Report) last announced its earnings results on Wednesday, September 9th. The company reported ($5.56) earnings per share (EPS) for the quarter. The firm had revenue of $7.13 million during the quarter. As a group, equities analysts expect that Pasqal Holding SA will post -0.56 EPS for the current year.

Pasqal Company Profile

(Get Free Report)

Pasqal is a France-based quantum computing company that develops quantum processors, software and application solutions based on neutral-atom technology. Its systems use individually controlled atoms to perform quantum computations and are designed to address complex problems that can be difficult to solve with conventional computing.

The company provides quantum computing hardware and access to its technology through cloud-based platforms, along with software tools that enable customers and researchers to develop, test and run quantum algorithms.

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