In last trading session, Arqit Quantum Inc (NASDAQ:ARQQ) saw 0.46 million shares changing hands with its beta currently measuring 2.04. Company’s recent per share price level of $16.00 trading at -$0.61 or -3.67% at ring of the bell on the day assigns it a market valuation of $203.94M. That closing price of ARQQ’s stock is at a discount of -229.94% from its 52-week high price of $52.79 and is indicating a premium of 76.75% from its 52-week low price of $3.72.
For Arqit Quantum Inc (ARQQ), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0 in the current quarter.
Arqit Quantum Inc (NASDAQ:ARQQ) trade information
Upright in the red during last session for losing -3.67%, in the last five days ARQQ remained trading in the red while hitting it’s week-highest on Friday, 02/14/25 when the stock touched $16.00 price level, adding 11.31% to its value on the day. Arqit Quantum Inc’s shares saw a change of -58.81% in year-to-date performance and have moved -11.11% in past 5-day. Arqit Quantum Inc (NASDAQ:ARQQ) showed a performance of -45.04% in past 30-days.
Wall Street analysts have assigned a consensus price target of 14 to the stock, which implies a fall of -14.29% to its current value. Analysts have been projecting 14 as a low price target for the stock while placing it at a high target of 14. It follows that stock’s current price would jump 12.5% in reaching the projected high whereas dropping to the targeted low would mean a gain of 12.5% for stock’s current value.
Arqit Quantum Inc (ARQQ) estimates and forecasts
This year revenue growth is estimated to rise 1,781.23% from the last financial year’s standing.
Arqit Quantum Inc (NASDAQ:ARQQ)’s Major holders
JANE STREET GROUP, LLC is the top institutional holder at ARQQ for having 0.83 million shares of worth $0.28 million. And as of 2024-06-30, it was holding 0.4982 of the company’s outstanding shares.
The second largest institutional holder is MILLENNIUM MANAGEMENT LLC, which was holding about 0.79 million shares on 2024-06-30. The number of shares represents firm’s hold over 0.475 of outstanding shares, having a total worth of $0.27 million.
