The closing price of Arqit Quantum Inc (NASDAQ: ARQQ) was $0.74 for the day, down -2.39% from the previous closing price of $0.75. In other words, the price has decreased by -$0.0180 from its previous closing price. On the day, 506719 shares were traded.
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 118.46M and an Enterprise Value of 82.41M. For the stock, the TTM Price-to-Sale (P/S) ratio is 188.42 while its Price-to-Book (P/B) ratio in mrq is 1.80. Its current Enterprise Value per Revenue stands at 128.76 whereas that against EBITDA is -1.16.
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 0.5988, while the 200-Day Moving Average is calculated to be 0.7466.
Shares Statistics:
ARQQ traded an average of 942.84K shares per day over the past three months and 787k shares per day over the past ten days. A total of 163.55M shares are outstanding, with a floating share count of 48.51M. Insiders hold about 70.44% of the company’s shares, while institutions hold 5.19% stake in the company. Shares short for ARQQ as of Feb 29, 2024 were 2.84M with a Short Ratio of 3.01, compared to 2.22M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.73% and a Short% of Float of 3.09%.
Earnings Estimates
The firm’s stock currently is rated by 0 analysts. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between -$0.12 and -$0.12 for the fiscal current year, implying an average EPS of -$0.12. EPS for the following year is $0, with 0 analysts recommending between $0 and $0.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 1 analysts. It ranges from a high estimate of $20.04M to a low estimate of $20.04M. As of the current estimate, Arqit Quantum Inc’s year-ago sales were $693k, an estimated increase of 2,791.80% from the year-ago figure.
A total of 1 analysts have provided revenue estimates for ARQQ’s current fiscal year. The highest revenue estimate was $20.04M, while the lowest revenue estimate was $20.04M, resulting in an average revenue estimate of $20.04M. In the same quarter a year ago, actual revenue was $693k, up 2,791.80% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $35.4M in the next fiscal year. The high estimate is $35.4M and the low estimate is $35.4M. The average revenue growth estimate for next year is up 76.60% from the average revenue estimate for this year.
