Arqit Quantum Inc (NASDAQ: ARQQ) is -34.60% lower on its value in year-to-date trading and has touched a low of $0.29 and a high of $1.25 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ARQQ stock was last observed hovering at around $0.35 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $0.31, the stock is -6.88% and -9.73% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.32 million and changing -11.33% at the moment leaves the stock -34.99% off its SMA200. ARQQ registered -64.77% loss for a year compared to 6-month loss of -55.80%.
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The stock witnessed a -14.62% gain in the last 1 month and extending the period to 3 months gives it a -22.25%, and is -9.09% 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 9.04% over the week and 7.73% over the month.
Arqit Quantum Inc (ARQQ) has around 147 employees, a market worth around $52.21M and $0.74M in sales. Profit margin for the company is -13003.92%. Distance from 52-week low is 6.90% and -75.20% from its 52-week high. The company has generated returns on investments over the last 12 months (-467.72%).
Arqit Quantum Inc quarterly earnings per share for the current quarter are estimated at 0.0.The EPS is expected to grow by 69.76% this year, but quarterly earnings will post 299.70% year-over-year.
The shares outstanding are 163.55M, and float is at 79.39M with Short Float at 1.70%.
The top institutional shareholder in the company is JANE STREET GROUP, LLC with over 0.83 million shares valued at $0.28 million. The investor’s holdings represent 0.4982 of the ARQQ Shares outstanding. As of 2024-06-30, the second largest holder is MILLENNIUM MANAGEMENT LLC with 0.79 million shares valued at $0.27 million to account for 0.475 of the shares outstanding. The other top investors are HRT FINANCIAL LP which holds 0.2 million shares representing 0.1225 and valued at over $69000.0, while MORGAN STANLEY holds 0.0883 of the shares totaling 0.15 million with a market value of $50225.0.
