Arqit Quantum Inc (NASDAQ:ARQQ)’s traded shares stood at 0.34 million during the last session, with the company’s beta value hitting 1.13. At the close of trading, the stock’s price was $0.73, to imply an increase of 0.72% or $0.01 in intraday trading. The ARQQ share’s 52-week high remains $1.65, putting it -126.03% down since that peak but still an impressive 46.58% since price per share fell to its 52-week low of $0.39. The company has a valuation of $118.95M, with an average of 0.55 million shares in intraday trading volume over the past 10 days and average of 927.83K shares over the past 3 months.
Arqit Quantum Inc (NASDAQ:ARQQ) trade information
After registering a 0.72% upside in the last session, Arqit Quantum Inc (ARQQ) has traded red over the past five days. The stock hit a weekly high of 0.7700, jumping 0.72% in its intraday price action. The 5-day price performance for the stock is -3.72%, and 3.36% over 30 days. With these gigs, the year-to-date price performance is 52.95%. Short interest in Arqit Quantum Inc (NASDAQ:ARQQ) saw shorts transact 4.43 million shares and set a 3.32 days time to cover.
Arqit Quantum Inc (ARQQ) estimates and forecasts
Looking at statistics comparing Arqit Quantum Inc share performance against respective industry, we note that the company has outperformed competitors. Arqit Quantum Inc (ARQQ) shares are 45.00% up over the last 6 months, with its year-to-date growth rate higher than industry average at 78.95% against 17.50%. The rating firms project that company’s revenue will grow 2,791.80% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is $20.04 million.
ARQQ Dividends
Arqit Quantum Inc has its next earnings report out between May 15 and May 20. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Arqit Quantum Inc has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Arqit Quantum Inc (NASDAQ:ARQQ)’s Major holders
Arqit Quantum Inc insiders hold 54.62% of total outstanding shares, with institutional holders owning 11.50% of the shares at 25.35% float percentage. In total, 11.50% institutions holds shares in the company, led by Evolution Equity Partners II Sarl. As of Jun 29, 2023, the company held over 9.93 million shares (or 6.96% of shares), all amounting to roughly $12.02 million.
The next major institution holding the largest number of shares is Mirae Asset Global Investments Co., Ltd. with 1.73 million shares, or about 1.21% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $2.09 million.
We also have ETF Series Solutions-Defiance Quantum ETF and Global X Fds-Global X Cybersecurity ETF as the top two Mutual Funds with the largest holdings of the Arqit Quantum Inc (ARQQ) shares. Going by data provided on Jun 29, 2023, ETF Series Solutions-Defiance Quantum ETF holds roughly 1.58 million shares. This is just over 1.11% of the total shares, with a market valuation of $1.91 million. Data from the same date shows that the other fund manager holds a little less at 1.38 million, or 0.97% of the shares, all valued at about 0.82 million.
