Arqit Quantum Inc (NASDAQ:ARQQ)’s traded shares stood at 1.47 million during the last session, with the company’s beta value hitting 2.50. At the close of trading, the stock’s price was $22.39, to imply a decrease of -7.48% or -$1.81 in intraday trading. The ARQQ share’s 52-week high remains $32.50, putting it -45.15% down since that peak but still an impressive 83.39% since price per share fell to its 52-week low of $3.72. The company has a valuation of $279.97M, with an average of 1.14 million shares in intraday trading volume over the past 10 days and average of 304.47K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Arqit Quantum Inc (ARQQ), translating to a mean rating of 1.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give ARQQ a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.
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Arqit Quantum Inc (NASDAQ:ARQQ) trade information
After registering a -7.48% downside in the last session, Arqit Quantum Inc (ARQQ) has traded red over the past five days. The 5-day price performance for the stock is 25.08%, and 273.79% over 30 days. With these gigs, the year-to-date price performance is 88.95%. Short interest in Arqit Quantum Inc (NASDAQ:ARQQ) saw shorts transact 0.22 million shares and set a 1.0 days time to cover.
The extremes give us $14 and $14 for target low and target high price respectively. As such, ARQQ has been trading 37.47% off suggested target high and 37.47% from its likely low.
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 130.05% up over the last 6 months, with its year-to-date growth rate higher than industry average at 89.26% against 16.50%. The rating firms project that company’s revenue will grow 1,886.69% compared to the previous financial year.
ARQQ Dividends
Arqit Quantum Inc has its next earnings report out in January. 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.
The next major institution holding the largest number of shares is MILLENNIUM MANAGEMENT LLC with 0.79 million shares, or about 0.475% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $0.27 million.
