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After finishing at $0.39 in the prior trading day, Arqit Quantum Inc (NASDAQ: ARQQ) closed at $0.37, down -4.38%. In other words, the price has decreased by -$4.38 from its previous closing price. On the day, 0.51 million shares were traded. ARQQ stock price reached its highest trading level at $0.404 during the session, while it also had its lowest trading level at $0.37.
Ratios:
Our goal is to gain a better understanding of ARQQ by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.70 and its Current Ratio is at 1.70. In the meantime, Its Debt-to-Equity ratio is 0.50 whereas as Long-Term Debt/Eq ratio is at 0.34.
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 62798600 and an Enterprise Value of 48369580. For the stock, the TTM Price-to-Sale (P/S) ratio is 84.86 while its Price-to-Book (P/B) ratio in mrq is 4.05. Its current Enterprise Value per Revenue stands at 65.364 whereas that against EBITDA is -0.782.
Stock Price History:
Over the past 52 weeks, ARQQ has reached a high of $1.50, while it has fallen to a 52-week low of $0.30. The 50-Day Moving Average of the stock is 1.25%, while the 200-Day Moving Average is calculated to be -24.22%.
Shares Statistics:
The stock has traded on average 1.92M shares per day over the past 3-months and 1065040 shares per day over the last 10 days, according to various share statistics. A total of 163.55M shares are outstanding, with a floating share count of 63.20M. Insiders hold about 62.47% of the company’s shares, while institutions hold 5.35% stake in the company. Shares short for ARQQ as of 1721001600 were 2163801 with a Short Ratio of 1.13, compared to 1718323200 on 3615628. Therefore, it implies a Short% of Shares Outstanding of 2163801 and a Short% of Float of 2.25.
