Arqit Quantum Inc (ARQQ) concluded trading on Wednesday at a closing price of $17.90, with 0.46 million shares of worth about $8.31 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 79.00% during that period and on November 27, 2024 the price saw a gain of about 4.56%. Currently the company’s common shares owned by public are about 163.55M shares, out of which, 4.08M shares are available for trading.
Stock saw a price change of 143.87% in past 5 days and over the past one month there was a price change of 162.46%. Year-to-date (YTD), ARQQ shares are showing a performance of 51.05% which increased to 52.31% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.72 but also hit the highest price of $23.00 during that period. The average intraday trading volume for Arqit Quantum Inc shares is 233.37K. The stock is currently trading 92.66% above its 20-day simple moving average (SMA20), while that difference is up 154.41% for SMA50 and it goes to 74.58% higher than SMA200.
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Arqit Quantum Inc (NASDAQ: ARQQ) currently have 163.55M outstanding shares and institutions hold larger chunk of about 0.86% of that.
The stock has a current market capitalization of $219.55M and its 3Y-monthly beta is at 2.20. It has posted earnings per share of -$0.58 in the same period. It has Quick Ratio of 1.70 while making debt-to-equity ratio of 0.50. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ARQQ, volatility over the week remained 34.53% while standing at 20.40% over the month.
Stock’s fiscal year EPS is expected to rise by 67.84% while it is estimated to increase by 66.15% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Deutsche Bank on July 19, 2022 offering a Hold rating for the stock and assigned a target price of $7 to it. Coverage by H.C. Wainwright stated Arqit Quantum Inc (ARQQ) stock as a Buy in their note to investors on April 26, 2022, suggesting a price target of $16 for the stock.
