Analytical Lens: Exploring Arqit Quantum Inc (ARQQ)’s Financial Story Through Ratios

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The closing price of Arqit Quantum Inc (NASDAQ: ARQQ) was $0.41 for the day, up 0.44% from the previous closing price of $0.41. In other words, the price has increased by $0.44 from its previous closing price. On the day, 1.21 million shares were traded. ARQQ stock price reached its highest trading level at $0.418 during the session, while it also had its lowest trading level at $0.4.

Ratios:

Our analysis of ARQQ’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 3.22 and its Current Ratio is at 3.22. In the meantime, Its Debt-to-Equity ratio is 0.13 whereas as Long-Term Debt/Eq ratio is at 0.09.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Deutsche Bank on July 19, 2022, initiated with a Hold rating and assigned the stock a target price of $7.

On April 26, 2022, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $16.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ARQQ now has a Market Capitalization of 68816040 and an Enterprise Value of 31216260. For the stock, the TTM Price-to-Sale (P/S) ratio is 107.52 while its Price-to-Book (P/B) ratio in mrq is 1.01. Its current Enterprise Value per Revenue stands at 48.775 whereas that against EBITDA is -0.418.

Stock Price History:

Over the past 52 weeks, ARQQ has reached a high of $1.65, while it has fallen to a 52-week low of $0.39. The 50-Day Moving Average of the stock is -31.45%, while the 200-Day Moving Average is calculated to be -33.01%.

Shares Statistics:

ARQQ traded an average of 1.84M shares per day over the past three months and 1984930 shares per day over the past ten days. A total of 163.55M shares are outstanding, with a floating share count of 50.06M. Insiders hold about 70.18% of the company’s shares, while institutions hold 5.18% stake in the company. Shares short for ARQQ as of 1714435200 were 3413121 with a Short Ratio of 1.85, compared to 1711584000 on 4537753. Therefore, it implies a Short% of Shares Outstanding of 3413121 and a Short% of Float of 3.5700000000000003.

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