During the last session, Arqit Quantum Inc (NASDAQ:ARQQ)’s traded shares were 3.5 million, with the beta value of the company hitting 2.13. At the end of the trading day, the stock’s price was $37.97, reflecting an intraday gain of 22.40% or $6.95. The 52-week high for the ARQQ share is $52.79, that puts it down -39.03 from that peak though still a striking 90.2% gain since the share price plummeted to a 52-week low of $3.72. The company’s market capitalization is $545.05M, and the average trade volume was 719.13K shares over the past three months.
Arqit Quantum Inc (ARQQ) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. ARQQ has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it.
Arqit Quantum Inc (NASDAQ:ARQQ) trade information
Arqit Quantum Inc (ARQQ) registered a 22.40% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 22.40% in intraday trading to $37.97, hitting a weekly high. The stock’s 5-day price performance is 39.85%, and it has moved by 56.45% in 30 days. Based on these gigs, the overall price performance for the year is 310.49%.
The consensus price target of analysts on Wall Street is $14, which implies a decrease of -171.21% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $14 and $14 respectively. As a result, ARQQ is trading at a premium of 63.13% off the target high and 63.13% off the low.
While earnings are projected to return 32.05% in 2025.
ARQQ Dividends
Arqit Quantum Inc is due to release its next quarterly earnings in July. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Arqit Quantum Inc (NASDAQ:ARQQ)’s Major holders
Arqit Quantum Inc insiders own 64.43% of total outstanding shares while institutional holders control 8.28%, with the float percentage being 23.29%. JANE STREET GROUP, LLC is the largest shareholder of the company, while 50.0 institutions own stock in it. As of 2024-06-30, the company held over 0.83 million shares (or 0.6551% of all shares), a total value of $0.28 million in shares.
The next largest institutional holding, with 0.79 million shares, is of MILLENNIUM MANAGEMENT LLC’s that is approximately 0.6245% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $0.27 million.
