In last trading session, Arqit Quantum Inc (NASDAQ:ARQQ) saw 0.2 million shares changing hands with its beta currently measuring 1.22. Company’s recent per share price level of $0.32 trading at $0.02 or 5.99% at ring of the bell on the day assigns it a market valuation of $53.91M. That closing price of ARQQ’s stock is at a discount of -368.75% from its 52-week high price of $1.50 and is indicating a premium of 6.25% from its 52-week low price of $0.30. Taking a look at company’s average trading volume volume of 1.76 million if we extend that period to 3-months.
For Arqit Quantum Inc (ARQQ), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
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Arqit Quantum Inc (NASDAQ:ARQQ) trade information
Upright in the green during last session for gaining 5.99%, in the last five days ARQQ remained trading in the red while hitting it’s week-highest on Monday, 07/01/24 when the stock touched $0.32 price level, adding 12.33% to its value on the day. Arqit Quantum Inc’s shares saw a change of -32.47% in year-to-date performance and have moved -0.68% in past 5-day. Arqit Quantum Inc (NASDAQ:ARQQ) showed a performance of -16.92% in past 30-days.
Wall Street analysts have assigned a consensus price target of 14 to the stock, which implies a rise of 97.71% to its current value. Analysts have been projecting 14 as a low price target for the stock while placing it at a high target of 14. It follows that stock’s current price would drop -4275.0% in reaching the projected high whereas dropping to the targeted low would mean a loss of -4275.0% for stock’s current value.
Arqit Quantum Inc (ARQQ) estimates and forecasts
Statistics highlight that Arqit Quantum Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -33.17% of value to its shares in past 6 months, showing an annual growth rate of 70.18% while that of industry is 14.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
ARQQ Dividends
Arqit Quantum Inc is more likely to be releasing its next quarterly report in August and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
