Zapata Computing (NASDAQ:ZPTA) Trading Up 5.3% – Time to Buy?

Zapata Computing Holdings Inc. (NASDAQ:ZPTAGet Free Report) was up 5.3% during mid-day trading on Friday . The stock traded as high as $1.00 and last traded at $0.85. Approximately 264,566 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 465,354 shares. The stock had previously closed at $0.8075.

Zapata Computing Price Performance

The company has a market cap of $138.19 million, a P/E ratio of -28.33 and a beta of 23.71. The company’s 50-day moving average is $0.56 and its two-hundred day moving average is $0.22.

About Zapata Computing

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Zapata Computing is a quantum software company headquartered in Boston, Massachusetts. Founded in 2017 as a spin-out from Harvard University, the firm focuses on developing quantum algorithms and workflows designed to address complex computational challenges. By leveraging advances in quantum information science, Zapata aims to provide enterprises with tools to explore new approaches in optimization, chemistry simulation, machine learning and materials research.

The company’s flagship platform, Orquestra™, offers a modular environment for designing, running and managing end-to-end quantum workflows.

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