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Arqit Quantum Inc (ARQQ) Review – Making Smarter Decisions

Arqit Quantum Inc (NASDAQ: ARQQ) is 15.42% higher on its value in year-to-date trading and has touched a low of $0.39 and a high of $1.65 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ARQQ stock was last observed hovering at around $0.62 in the last trading session, with the day’s loss setting it -0.07%.

Currently trading at $0.55, the stock is -27.56% and -12.77% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.01 million and changing -11.77% at the moment leaves the stock -24.29% off its SMA200. ARQQ registered -60.92% loss for a year compared to 6-month gain of -5.20%. The firm has a 50-day simple moving average (SMA 50) of $103.10 and a 200-day simple moving average (SMA200) of -$0.93.

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The stock witnessed a -29.86% loss in the last 1 month and extending the period to 3 months gives it a 14.22%, and is -22.51% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 14.45% over the week and 12.05% over the month.

Arqit Quantum Inc (ARQQ) has around 147 employees, a market worth around $89.76M and $0.64M in sales. Profit margin for the company is -10998.91%. Distance from 52-week low is 39.92% and -66.84% from its 52-week high. The company has generated returns on investments over the last 12 months (-96.51%).

Arqit Quantum Inc quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $20.04M over the same period., but quarterly earnings will post 2,791.80% year-over-year. Quarterly sales are estimated to grow 2,791.80% in year-over-year returns.

47 institutions hold shares in Arqit Quantum Inc (ARQQ), with institutional investors hold 25.35% of the company’s shares. The shares outstanding are 163.55M, and float is at 48.51M with Short Float at 9.13%. Institutions hold 11.50% of the Float.

The top institutional shareholder in the company is Evolution Equity Partners II Sarl with over 9.93 million shares valued at $12.02 million. The investor’s holdings represent 6.96% of the ARQQ Shares outstanding. As of Jun 29, 2023, the second largest holder is Mirae Asset Global Investments Co., Ltd. with 1.73 million shares valued at $2.09 million to account for 1.21% of the shares outstanding. The other top investors are Penserra Capital Management LLC which holds 1.7 million shares representing 1.19% and valued at over $2.06 million, while Citigroup Inc. holds 0.26% of the shares totaling 0.37 million with a market value of $0.45 million.

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