In last trading session, Arqit Quantum Inc (NASDAQ:ARQQ) saw 0.84 million shares changing hands with its beta currently measuring 1.20. Company’s recent per share price level of $0.29 trading at -$0.01 or -4.37% at ring of the bell on the day assigns it a market valuation of $48.33M. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.64 million shares which gives us an average trading volume of 855.92K 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. The company is expected to be making an EPS of 0 in the current quarter.
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Arqit Quantum Inc (NASDAQ:ARQQ) trade information
Upright in the red during last session for losing -4.37%, in the last five days ARQQ remained trading in the red while hitting it’s week-highest on Friday, 08/30/24 when the stock touched $0.29 price level, adding 11.85% to its value on the day. Arqit Quantum Inc’s shares saw a change of -39.45% in year-to-date performance and have moved -8.16% in past 5-day. Arqit Quantum Inc (NASDAQ:ARQQ) showed a performance of -6.88% in past 30-days. Number of shares sold short was 1.35 million shares which calculate 1.57 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 14 to the stock, which implies a rise of 97.93% 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 -4727.59% in reaching the projected high whereas dropping to the targeted low would mean a loss of -4727.59% 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 -65.00% of value to its shares in past 6 months, showing an annual growth rate of 70.18% while that of industry is 17.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 299.70% from the last financial year’s standing.
Arqit Quantum Inc (NASDAQ:ARQQ)’s Major holders
JANE STREET GROUP, LLC is the top institutional holder at ARQQ for having 0.83 million shares of worth $0.28 million. And as of 2024-06-30, it was holding 0.4982 of the company’s outstanding shares.
The second largest institutional holder is MILLENNIUM MANAGEMENT LLC, which was holding about 0.79 million shares on 2024-06-30. The number of shares represents firm’s hold over 0.475 of outstanding shares, having a total worth of $0.27 million.
