Arqit Quantum Inc. (NASDAQ:ARQQ) currently has a daily average trading volume of 1.36M but it saw 2043833 shares traded on Thursday. With a market cap of 123.17M USD, stock’s current market price of $1.12 came falling about -0.88 while comparing to the previous closing price of $1.13. In past 52 weeks, the stock remained buoying in the range of price level as high as $10.67 and as low as $0.70. In the recent trading on the day, stock has struck highest price mark of $1.26 while lowest mark touched by it was $1.07.
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Taking a look at 20-day trading activity of Arqit Quantum Inc. (ARQQ) gives us an average price of $1.0346, while its current price level is -89.50% below from 52-week high level whereas it is 60.00% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.1234 while that of 200 days or SMA-200 reads an average of $3.8373. A closer look into the stock’s movement over the week reveals that its volatility is standing at 22.54% during that period while stretching the period over a month that decreases to 14.20%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 52.55 which implies that the stock is in neutral territory.
Arqit Quantum Inc. (ARQQ)’s stock is currently under the radar of 2 analysts who are in consensus at a 12-month price target range of between $1.15 and $6.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $1.15 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $6.00. Average price target assigned by them is $3.58 which highlights an upside potential of 68.72% for the stock over that period. And to attain the median price target of $3.58 assigned by those analysts, stock has to add about 68.72% of value to its current levels.
Data by FactSet Research shows that 2 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 1 analysts suggested the investors to Buy the stock while 1 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, ARQQ’s stock price is moving 52.86% up while it is 0.90% when we observe its performance for the past one month. Year-to-date it is -68.98% down and over the past year, the stock is showing a downside performance of -81.21%.
In next quarter, company is expected to be making quarterly sales of $23.38 million as analysts are expecting the sales for current fiscal year at $23.38 million and seeing the company making $9.9 million in sales next year. Moreover, analysts are in estimates of $23.38 million for current-quarter revenue.
Currently, Arqit Quantum Inc.’s total number of outstanding shares is 134.00M with 60.21% of that held by the insiders while 13.74% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -60.20%. It has a price to earnings ratio (P/E ratio) of 2.10 while having a 16.00 of forward P/E ratio. Stock has a price to book (P/B) ratio of 1.75 while price to sale or P/S ratio amounts to 17.11.
A filing at the U.S. Securities and Exchange Commission revealed that Global X Cyber Security ETF came shrinking its share ownership by 3.23% in the Arqit Quantum Inc. (ARQQ) increasing its stake to 2.49% with control over 0.1 million shares in the company. As per SEC documents, Global X Cyber Security ETF shunned 3,340,465 of company’s common stock of worth $3.77 million as per recent closing price of the stock. Global X Cyber Security ETF is not the only institutional holder which restructured its stake in Arqit Quantum Inc., as ISE Cyber Security ETF dumped 281,783 shares of worth $0.32 million to bring its holdings to a total of 952.0 shares.
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