Arqit Quantum Inc (NASDAQ:ARQQ) has a beta value of 1.71 and has seen 1.98 million shares traded in the recent trading session. The company, currently valued at $278.25M, closed the recent trade at $18.74 per share which meant it gained $5.82 on the day or 45.01% during that session. The ARQQ stock price is -22.73% off its 52-week high price of $23.00 and 80.15% above the 52-week low of $3.72. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.45 million shares traded. The 3-month trading volume is 174.21K shares.
The consensus among analysts is that Arqit Quantum Inc (ARQQ) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Arqit Quantum Inc (NASDAQ:ARQQ) trade information
Sporting 45.01% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the ARQQ stock price touched $18.74 or saw a rise of 9.86%. Year-to-date, Arqit Quantum Inc shares have moved 58.10%, while the 5-day performance has seen it change 146.84%. Over the past 30 days, the shares of Arqit Quantum Inc (NASDAQ:ARQQ) have changed 161.66%. Short interest in the company has seen 0.15 million shares shorted with days to cover at 0.93.
Wall Street analysts have a consensus price target for the stock at $14, which means that the shares’ value could drop -33.86% from the levels at last check today. The projected low price target is $14.0 while the price target rests at a high of $14.0. In that case, then, we find that the latest price level in today’s session is 25.29% off the targeted high while a plunge would see the stock lose 25.29% from the levels at last check today.
Arqit Quantum Inc (ARQQ) estimates and forecasts
Figures show that Arqit Quantum Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 86.70% over the past 6 months, with this year growth rate of 85.96%, compared to 18.50% for the industry. Revenue growth from the last financial year stood is estimated to be 299.86%.
ARQQ Dividends
Arqit Quantum Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Arqit Quantum Inc (NASDAQ:ARQQ)’s Major holders
The top two institutional holders are JANE STREET GROUP, LLC with over 0.83 million shares worth more than $0.28 million. As of 2024-06-30, JANE STREET GROUP, LLC held 0.4982% of shares outstanding.
The other major institutional holder is MILLENNIUM MANAGEMENT LLC, with the holding of over 0.79 million shares as of 2024-06-30. The firm’s total holdings are worth over $0.27 million and represent 0.475% of shares outstanding.
