Arqit Quantum Inc (NASDAQ: ARQQ) is -9.96% lower on its value in year-to-date trading and has touched a low of $3.72 and a high of $23.00 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 $7.34 in the last trading session, with the day’s gains setting it 3.33%.
Currently trading at $10.67, the stock is 45.07% and 69.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.89 million and changing 45.37% at the moment leaves the stock 4.53% off its SMA200. ARQQ registered -20.98% loss for a year compared to 6-month loss of 6.70%. The firm has a 50-day simple moving average (SMA 50) of $6.2392 and a 200-day simple moving average (SMA200) of $10.213175.
The stock witnessed a 44.97% gain in the last 1 month and extending the period to 3 months gives it a 13.81%, and is 9.77% up 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 21.40% over the week and 17.24% over the month.
Arqit Quantum Inc (ARQQ) has around 147 employees, a market worth around $130.87M and $0.74M in sales. Profit margin for the company is -13003.92%. Distance from 52-week low is 186.83% and -53.61% from its 52-week high. The company has generated returns on investments over the last 12 months (-467.72%).
The shares outstanding are 163.55M, and float is at 4.40M with Short Float at 3.42%.
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.
Arqit Quantum Inc (ARQQ) Insider Activity
Still, SEC filings show that on Oct 14 ’24, Willcocks Patrick (Officer) Proposed Sale 408 shares at an average price of $4.26 for $1739.0. The insider now directly holds shares of Arqit Quantum Inc (ARQQ).
