In today’s recent session, 0.4 million shares of the Arqit Quantum Inc (NASDAQ:ARQQ) have been traded, and its beta is 2.50. Most recently the company’s share price was $22.75, and it changed around -$0.09 or -0.39% from the last close, which brings the market valuation of the company to $290.18M. ARQQ at last check was trading at a discount to its 52-week high of $32.50, offering almost -42.86% off that amount. The share price’s 52-week low was $3.72, which indicates that the recent value has risen by an impressive 83.65% since then. We note from Arqit Quantum Inc’s average daily trading volume that its 10-day average is 1.25 million shares, with the 3-month average coming to 338.08K.
Arqit Quantum Inc stock received a consensus recommendation rating of Overweight, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended ARQQ as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Arqit Quantum Inc is expected to report earnings per share of 0 for the current quarter.
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Arqit Quantum Inc (NASDAQ:ARQQ) trade information
Instantly ARQQ has been showing red trend so far today with a performance of -0.39% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 29.75 on recent trading dayincreased the stock’s daily price by 23.53%. The company’s shares are currently up 91.98% year-to-date, but still up 5.23% over the last five days. On the other hand, Arqit Quantum Inc (NASDAQ:ARQQ) is 216.85% up in the 30-day period. We can see from the shorts that 0.22 million shares have been sold at a short interest cover period of 1.0 day(s).
The consensus price target as assigned by Wall Street analysts is $14, which translates to bulls needing to decrease their stock price by -62.5% from its current value. Analyst projections state that ARQQ is forecast to be at a low of $14 and a high of $14.
Arqit Quantum Inc (ARQQ) estimates and forecasts
Arqit Quantum Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 144.36 percent over the past six months and at a 67.72% annual growth rate that is well above the industry average of 16.50%. The year-over-year growth rate is expected to be 1,781.23%, up from the previous year.
Arqit Quantum Inc (NASDAQ:ARQQ)’s Major holders
MILLENNIUM MANAGEMENT LLC, with 0.475% or 0.79 million shares worth $0.27 million as of 2024-06-30, holds the second largest percentage of outstanding shares. The former held 1.58 shares worth $35870.0, making up 0.02% of all outstanding shares.
