In the latest trading session,, 0.99 million Arqit Quantum Inc (NASDAQ:ARQQ) shares changed hands as the company’s beta touched 2.01. With the company’s most recent per share price at $22.23 changing hands around $3.75 or 20.29% at last look, the market valuation stands at $283.35M. ARQQ’s current price is a discount, trading about -137.47% 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 83.27% up since then.

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 is in green as seen in intraday trades today. With action 38.93%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -42.77%, with the 5-day performance at 38.93% in the green. However, in the 30-day time frame, Arqit Quantum Inc (NASDAQ:ARQQ) is 48.69% up.

The consensus price target for the stock as assigned by Wall Street analysts is 14, meaning bulls need a downside of -58.79% from its recent 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 37.02% surge from its current level, while the stock would need to tank 37.02% for it to hit the projected low.

ARQQ Dividends

Arqit Quantum Inc is expected to release its next quarterly earnings report in June.

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.

With 7.22 shares estimated at $0.16 million under it, the former controlled 0.06% of total outstanding shares.