Arqit Quantum Inc (NASDAQ: ARQQ) is -37.51% 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 $18.48 in the last trading session, with the day’s gains setting it 5.79%.
Currently trading at $24.27, the stock is 49.77% and 55.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.62 million and changing 31.33% at the moment leaves the stock 63.89% off its SMA200. ARQQ registered 144.90% gain for a year compared to 6-month gain of 162.66%.
The stock witnessed a 62.34% loss in the last 1 month and extending the period to 3 months gives it a 52.74%, and is 51.69% 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 16.47% over the week and 9.36% over the month.
Arqit Quantum Inc (ARQQ) has around 82 employees, a market worth around $309.36M and $0.29M in sales. Profit margin for the company is -18628.33%. Distance from 52-week low is 552.42% and -54.03% from its 52-week high. The company has generated returns on investments over the last 12 months (-435.88%).
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Arqit Quantum Inc (ARQQ) Top Institutional Holders
The shares outstanding are 12.75M, and float is at 5.99M with Short Float at 9.33%.
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 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).
