Arqit Quantum Inc (NASDAQ: ARQQ) is -61.51% lower 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 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 $14.42 in the last trading session, with the day’s gains setting it 0.53%.
Currently trading at $14.95, the stock is 0.41% and -2.19% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.13 million and changing 3.68% at the moment leaves the stock 6.22% off its SMA200. ARQQ registered 12.85% gain for a year compared to 6-month gain of 209.52%. The firm has a 50-day simple moving average (SMA 50) of $15.284 and a 200-day simple moving average (SMA200) of $14.0742.
The stock witnessed a -21.02% loss in the last 1 month and extending the period to 3 months gives it a -47.14%, and is 4.04% 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 7.57% over the week and 11.22% over the month.
Arqit Quantum Inc (ARQQ) has around 82 employees, a market worth around $190.57M and $0.29M in sales. Profit margin for the company is -18628.33%. Distance from 52-week low is 301.88% and -71.68% from its 52-week high. The company has generated returns on investments over the last 12 months (-435.88%).
, but quarterly earnings will post 1,781.23% year-over-year.
44.0 institutions hold shares in Arqit Quantum Inc (ARQQ), with institutional investors hold 21.87% of the company’s shares. The shares outstanding are 12.75M, and float is at 5.99M with Short Float at 8.81%. Institutions hold 7.52% of the Float.
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 Apr 02 ’25, Leaver Andrew (Officer) Proposed Sale 2,286 shares at an average price of $13.81 for $31566.0. The insider now directly holds shares of Arqit Quantum Inc (ARQQ).
