Arqit Quantum Inc (NASDAQ:ARQQ) has a beta value of 2.34 and has seen 0.49 million shares traded in the recent trading session. The company, currently valued at $563.57M, closed the recent trade at $39.26 per share which meant it gained $1.32 on the day or 3.48% during that session. The ARQQ stock price is -34.46% off its 52-week high price of $52.79 and 90.52% 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 0.88 million shares traded. The 3-month trading volume is 985.23K 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.
Arqit Quantum Inc (NASDAQ:ARQQ) trade information
Sporting 3.48% in the green today, 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 $39.26 or saw a rise of 3.54%. Year-to-date, Arqit Quantum Inc shares have moved 335.01%, while the 5-day performance has seen it change -3.61%. Over the past 30 days, the shares of Arqit Quantum Inc (NASDAQ:ARQQ) have changed 65.10%. Short interest in the company has seen 0.28 million shares shorted with days to cover at 0.23.
Wall Street analysts have a consensus price target for the stock at $14, which means that the shares’ value could drop -180.43% from the levels at last check today.. 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 latest price level in today’s session is 64.34% off the targeted high while a plunge would see the stock lose 64.34% from the levels at last check today..
Arqit Quantum Inc (ARQQ) estimates and forecasts
The company’s shares have gained 134.11% over the past 6 months.
ARQQ Dividends
Arqit Quantum Inc is expected to release its next earnings report in August 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
Insiders own 64.43% of the company shares, while shares held by institutions stand at 8.28% with a share float percentage of 23.29%. Investors are also buoyed by the number of investors in a company, with Arqit Quantum Inc having a total of 50.0 institutions that hold shares in the company. 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 0.6551% 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 0.6245% of shares outstanding.
