Arqit Quantum Inc (NASDAQ: ARQQ) is 2.11% higher on its value in year-to-date trading and has touched a low of $3.72 and a high of $52.79 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 $38.02 in the last trading session, with the day’s gains setting it 1.64%.
Currently trading at $39.66, the stock is 26.39% and 109.21% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.22 million and changing 4.31% at the moment leaves the stock 237.50% off its SMA200. ARQQ registered 254.11% gain for a year compared to 6-month gain of 366.59%. The firm has a 50-day simple moving average (SMA 50) of $18.9572 and a 200-day simple moving average (SMA200) of $11.7514.
The stock witnessed a 47.11% loss in the last 1 month and extending the period to 3 months gives it a 787.25%, and is -9.51% 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 25.78% over the week and 29.32% over the month.
Arqit Quantum Inc (ARQQ) has around 82 employees, a market worth around $517.30M and $0.29M in sales. Profit margin for the company is -18628.33%. Distance from 52-week low is 966.13% and -24.87% from its 52-week high. The company has generated returns on investments over the last 12 months (-435.88%).
The EPS is expected to grow by 70.67% this year.
Arqit Quantum Inc (ARQQ) Top Institutional Holders
The shares outstanding are 12.50M, and float is at 5.45M with Short Float at 5.47%.
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
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Still, SEC filings show that on Oct 14 ’24, Feenan Paul (Officer) Proposed Sale 1,035 shares at an average price of $4.26 for $4413.0. The insider now directly holds shares of Arqit Quantum Inc (ARQQ).
