Arqit Quantum Inc (NASDAQ:ARQQ) has a beta value of 2.15 and has seen 1.22 million shares traded in the last trading session. The company, currently valued at $517.30M, closed the last trade at $39.66 per share which meant it gained $1.64 on the day or 4.31% during that session. The ARQQ stock price is -33.11% off its 52-week high price of $52.79 and 90.62% 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 1.26 million shares traded. The 3-month trading volume is 678.87K 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.
Arqit Quantum Inc (NASDAQ:ARQQ) trade information
Sporting 4.31% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ARQQ stock price touched $39.66 or saw a rise of 24.87%. Year-to-date, Arqit Quantum Inc shares have moved 2.11%, while the 5-day performance has seen it change -9.51%. Over the past 30 days, the shares of Arqit Quantum Inc (NASDAQ:ARQQ) have changed 47.11%. Short interest in the company has seen 0.22 million shares shorted with days to cover at 1.0.
Wall Street analysts have a consensus price target for the stock at $14, which means that the shares’ value could drop -183.29% from current levels. 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 current price level is 64.7% off the targeted high while a plunge would see the stock lose 64.7% from current levels.
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 366.59% over the past 6 months, with this year growth rate of 70.68%, compared to 25.20% for the industry. Revenue growth from the last financial year stood is estimated to be 1,781.23%.
ARQQ Dividends
Arqit Quantum Inc is expected to release its next earnings report in February 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.
