Arqit Quantum Inc (NASDAQ: ARQQ) is 424.59% 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 $37.92 in the last trading session, with the day’s gains setting it 796.6%.
Currently trading at $834.52K, the stock is 39.04% and 81.65% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.92 million and changing 921304% at the moment leaves the stock 132.84% off its SMA200. ARQQ registered 4.51% gain for a year compared to 6-month loss of 33.08%. The firm has a 50-day simple moving average (SMA 50) of $22.3448 and a 200-day simple moving average (SMA200) of $17.4326.
The stock witnessed a 53.75% gain in the last 1 month and extending the period to 3 months gives it a 135.58%, and is 6.90% 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 12.27% over the week and 11.94% over the month.
Arqit Quantum Inc (ARQQ) has around 82 employees, a market worth around $582.66M and $0.24M in sales. Profit margin for the company is -9989.63%. Distance from 52-week low is 991.13% and -23.11% from its 52-week high. The company has generated returns on investments over the last 12 months (-145.42%).
The EPS is expected to grow by 32.05% this year
50.0 institutions hold shares in Arqit Quantum Inc (ARQQ), with institutional investors hold 23.29% of the company’s shares. The shares outstanding are 14.35M, and float is at 6.21M with Short Float at 4.56%. Institutions hold 8.28% 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 0.6551 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 0.6245 of the shares outstanding. The other top investors are HRT FINANCIAL LP which holds 0.2 million shares representing 0.1611 and valued at over $69000.0, while MORGAN STANLEY holds 0.1161 of the shares totaling 0.15 million with a market value of $50225.0.
