In the last trading session, 2.8 million Arqit Quantum Inc (NASDAQ:ARQQ) shares changed hands as the company’s beta touched 1.96. With the company’s per share price at $23.54 changed hands at $8.54 or 56.93% during last session, the market valuation stood at $300.06M. ARQQ’s last price was a discount, traded about -124.26% off its 52-week high of $52.79. The share price had its 52-week low at $3.72, which suggests the last value was 84.2% up since then. When we look at Arqit Quantum Inc’s average trading volume, we note the 10-day average is 0.51 million shares, with the 3-month average coming to 798.08K.
Analysts gave the Arqit Quantum Inc (ARQQ) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended ARQQ as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight.
Arqit Quantum Inc (NASDAQ:ARQQ) trade information
Instantly ARQQ was in green as seen at the end of in last trading. With action 109.24%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -39.39%, with the 5-day performance at 109.24% in the green. However, in the 30-day time frame, Arqit Quantum Inc (NASDAQ:ARQQ) is 30.78% up. Looking at the short shares, we see there were 0.49 million shares sold at short interest cover period of 1.23 days.
The consensus price target for the stock as assigned by Wall Street analysts is 14, meaning bulls need a downside of -68.14% from its current market value. According to analyst projections, ARQQ’s forecast low is 14 with 14 as the target high. To hit the forecast high, the stock’s price needs a 40.53% surge from its current level, while the stock would need to tank 40.53% for it to hit the projected low.
The 2025 estimates are for Arqit Quantum Inc earnings to increase by 70.67%.
ARQQ Dividends
Arqit Quantum Inc is expected to release its next quarterly earnings report in April.
Arqit Quantum Inc (NASDAQ:ARQQ)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 65.62% of Arqit Quantum Inc shares while 7.05% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 20.50%. There are 7.05% institutions holding the Arqit Quantum Inc stock share, with JANE STREET GROUP, LLC the top institutional holder. As of 2024-06-30, the company held 0.4982% of the shares, roughly 0.83 million ARQQ shares worth $0.28 million.
MILLENNIUM MANAGEMENT LLC holds the second largest percentage of outstanding shares, with 0.475% or 0.79 million shares worth $0.27 million as of 2024-06-30.
