Horizon Quantum Holdings Ltd. (HQ)Technology | Software - Infrastructure | Singapore, Singapore | NasdaqCM
15.18 USD
-1.29
(-7.832%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 15.70 +0.52 (3.426%) ⇧ (Aug. 28, 2026, 7:58 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 2:39 a.m. EDT
The investment case for Horizon Quantum is fundamentally broken. Despite the 'strong buy' analyst recommendation and the hype surrounding quantum technology, the company is burning cash aggressively with operating margins of -121,746% and negative free cash flow. The valuation metrics are nonsensical, trading at a price-to-sales ratio of over 6 million and a forward P/E of nearly -40, reflecting zero earnings power. The price action confirms this deterioration; after a sharp run-up, the stock has collapsed, dropping nearly 20% in just two weeks as traders flee the reality of the business model. While options traders are betting on a further crash to the single digits, the lack of revenue and massive losses suggest this is a speculative vehicle with no intrinsic value, making it a dangerous hold regardless of the quantum narrative. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.400247 |
| AutoETS | 0.400255 |
| MSTL | 0.448941 |
| AutoTheta | 0.624173 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 24% |
| H-stat | 13.32 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.281 |
| Excess Kurtosis | -1.16 |
| Attribute | Value |
|---|---|
| Sector | Technology |
| Debt to Equity Ratio | 0.841 |
| Market Cap | 819,296,192 |
| Forward P/E | -30.36 |
| Beta | 0.30 |
| Website | https://www.horizonquantum.com |
As of Aug. 22, 2026, 2:39 a.m. EDT: Speculators are positioning heavily for downside protection, with massive open interest in deep out-of-the-money puts (strikes 7.5 and 10.0) expiring in early 2027, suggesting a belief in a significant drop to single-digit prices. Conversely, call activity is concentrated in the money, with heavy positioning at strikes 15.0 and 17.5 for near-term expiration, indicating a bet on a bounce or consolidation around current levels rather than a massive rally.
| Attribute | Value |
|---|---|
| 52 Week Change | 0.67208123 |
| Address1 | 29 Media Circle |
| Address2 | #05-22/23/24 |
| All Time High | 45.0 |
| All Time Low | 8.29 |
| Ask | 15.75 |
| Ask Size | 1 |
| Average Analyst Rating | 1.5 - Strong Buy |
| Average Daily Volume10 Day | 333,210 |
| Average Daily Volume3 Month | 716,419 |
| Average Volume | 716,419 |
| Average Volume10Days | 333,210 |
| Beta | 0.298 |
| Bid | 11.93 |
| Bid Size | 2 |
| Book Value | 0.809 |
| City | Singapore |
| Country | Singapore |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 15.18 |
| Current Ratio | 33.844 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,786,665,600 |
| Day High | 16.9 |
| Day Low | 14.8 |
| Debt To Equity | 0.841 |
| Display Name | Horizon Quantum |
| Ebitda | -20,195,452 |
| Ebitda Margins | 0.0 |
| Enterprise To Ebitda | -34.979 |
| Enterprise To Revenue | 4,036,624.2 |
| Enterprise Value | 706,409,280 |
| Eps Current Year | -0.375 |
| Eps Forward | -0.5 |
| Eps Trailing Twelve Months | -0.36 |
| Esg Populated | 0 |
| Exchange | NCM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 19.5378 |
| Fifty Day Average Change | -4.3577995 |
| Fifty Day Average Change Percent | -0.22304454 |
| Fifty Two Week Change Percent | 67.20812 |
| Fifty Two Week High | 45.0 |
| Fifty Two Week High Change | -29.82 |
| Fifty Two Week High Change Percent | -0.6626667 |
| Fifty Two Week Low | 8.29 |
| Fifty Two Week Low Change | 6.8900003 |
| Fifty Two Week Low Change Percent | 0.83112186 |
| Fifty Two Week Range | 8.29 - 45.0 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,774,013,400,000 |
| Float Shares | 18,258,215 |
| Forward Eps | -0.5 |
| Forward P E | -30.36 |
| Free Cashflow | -17,351,998 |
| Full Exchange Name | NasdaqCM |
| Fullday Change | -1.29 |
| Fullday Change Percent | -7.83242 |
| Fullday Price | 15.7 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 1.0 |
| Gross Profits | 175 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.49348 |
| Held Percent Institutions | 0.56848997 |
| Implied Shares Outstanding | 53,972,080 |
| Industry | Software - Infrastructure |
| Industry Disp | Software - Infrastructure |
| Industry Key | software-infrastructure |
| Ipo Expected Date | 2,026-03-20 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Long Business Summary | Horizon Quantum Holdings Ltd. develops programming tools and software that simplify and automate the process of developing applications for quantum computers. The company provides programming tools that enable developers to construct reusable quantum circuits from functions written in classical languages such as C and C++. Its offerings include code portability features for compiling and optimizing quantum programs to map to various quantum hardware, and a web-based integrated development environment called Triple Alpha for writing, compiling, and deploying quantum software at different abstraction levels. The tools automate the construction of quantum algorithms from classical code and support concurrent classical and quantum computation. The company serves software developers and professionals in technology industries, as well as users seeking to develop or optimize software for quantum hardware across various computational fields. Horizon Quantum Holdings Ltd. has a strategic collaboration with Q.M Technologies Ltd. to enhance efficiency of quantum systems. The company was founded in 2018 and is based in Singapore. |
| Long Name | Horizon Quantum Holdings Ltd. |
| Market | us_market |
| Market Cap | 819,296,192 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_592356904 |
| Most Recent Quarter | 1,782,777,600 |
| Net Income To Common | -128,885,392 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 889,999,598 |
| Number Of Analyst Opinions | 2 |
| Open | 16.35 |
| Operating Cashflow | -15,779,882 |
| Operating Margins | -121,746.03 |
| Payout Ratio | 0.0 |
| Phone | 65 6591 8840 |
| Post Market Change | 0.5199995 |
| Post Market Change Percent | 3.4255567 |
| Post Market Price | 15.7 |
| Post Market Time | 1,787,961,504 |
| Previous Close | 16.47 |
| Price Eps Current Year | -40.48 |
| Price Hint | 2 |
| Price To Book | 18.763906 |
| Price To Sales Trailing12 Months | 4,681,692.5 |
| Profit Margins | 0.0 |
| Quick Ratio | 31.909 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | strong_buy |
| Recommendation Mean | 1.5 |
| Region | US |
| Regular Market Change | -1.29 |
| Regular Market Change Percent | -7.83242 |
| Regular Market Day High | 16.9 |
| Regular Market Day Low | 14.8 |
| Regular Market Day Range | 14.8 - 16.9 |
| Regular Market Open | 16.35 |
| Regular Market Previous Close | 16.47 |
| Regular Market Price | 15.18 |
| Regular Market Time | 1,787,947,201 |
| Regular Market Volume | 238,650 |
| Return On Assets | -0.20719999 |
| Return On Equity | -5.4382 |
| Revenue Per Share | 0.0 |
| Sand P52 Week Change | 0.20504117 |
| Sector | Technology |
| Sector Disp | Technology |
| Sector Key | technology |
| Shares Outstanding | 34,227,495 |
| Shares Percent Shares Out | 0.0197 |
| Shares Short | 1,064,856 |
| Shares Short Previous Month Date | 1,784,073,600 |
| Shares Short Prior Month | 815,860 |
| Short Name | Horizon Quantum Holdings Ltd. |
| Short Percent Of Float | 0.0731 |
| Short Ratio | 3.49 |
| Source Interval | 15 |
| Symbol | HQ |
| Target High Price | 21.0 |
| Target Low Price | 20.0 |
| Target Mean Price | 20.5 |
| Target Median Price | 20.5 |
| Total Cash | 113,254,440 |
| Total Cash Per Share | 2.098 |
| Total Debt | 367,519 |
| Total Revenue | 175 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -0.36 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 14.942973 |
| Two Hundred Day Average Change | 0.23702717 |
| Two Hundred Day Average Change Percent | 0.015862117 |
| Type Disp | Equity |
| Volume | 238,650 |
| Website | https://www.horizonquantum.com |
| Zip | 138,565 |