During the last session, Arqit Quantum Inc (NASDAQ:ARQQ)’s traded shares were 0.88 million, with the beta value of the company hitting 2.49. At the end of the trading day, the stock’s price was $23.70, reflecting an intraday loss of -2.11% or -$0.51. The 52-week high for the ARQQ share is $32.50, that puts it down -37.13 from that peak though still a striking 84.3% gain since the share price plummeted to a 52-week low of $3.72. The company’s market capitalization is $296.34M, and the average intraday trading volume over the past 10 days was 1.07 million shares, and the average trade volume was 407.27K shares over the past three months.
Arqit Quantum Inc (ARQQ) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. ARQQ has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.
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Arqit Quantum Inc (NASDAQ:ARQQ) trade information
Arqit Quantum Inc (ARQQ) registered a -2.11% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -2.11% in intraday trading to $23.70, hitting a weekly high. The stock’s 5-day price performance is 3.77%, and it has moved by 156.49% in 30 days. Based on these gigs, the overall price performance for the year is 97.87%. The short interest in Arqit Quantum Inc (NASDAQ:ARQQ) is 0.22 million shares and it means that shorts have 1.0 day(s) to cover.
The consensus price target of analysts on Wall Street is $14, which implies a decrease of -69.29% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $14 and $14 respectively. As a result, ARQQ is trading at a premium of 40.93% off the target high and 40.93% off the low.
Arqit Quantum Inc (ARQQ) estimates and forecasts
Statistics show that Arqit Quantum Inc has outperformed its competitors in share price, compared to the industry in which it operates. Arqit Quantum Inc (ARQQ) shares have gone up 156.22% during the last six months, with a year-to-date growth rate more than the industry average at 70.68% against 16.30. In the rating firms’ projections, revenue will increase 1,781.23% compared to the previous financial year.
While earnings are projected to return 70.68% in 2024.
ARQQ Dividends
Arqit Quantum Inc is due to release its next quarterly earnings in January. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 0.79 million shares, is of MILLENNIUM MANAGEMENT LLC’s that is approximately 0.475% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $0.27 million.
