The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
After finishing at $0.35 in the prior trading day, Arqit Quantum Inc (NASDAQ: ARQQ) closed at $0.32, down -8.77%. In other words, the price has decreased by -$8.77 from its previous closing price. On the day, 2.13 million shares were traded. ARQQ stock price reached its highest trading level at $0.356 during the session, while it also had its lowest trading level at $0.312.
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 54513024 and an Enterprise Value of 40186920. For the stock, the TTM Price-to-Sale (P/S) ratio is 73.67 while its Price-to-Book (P/B) ratio in mrq is 3.51. Its current Enterprise Value per Revenue stands at 54.307 whereas that against EBITDA is -0.649.
Stock Price History:
The Beta on a monthly basis for ARQQ is 1.23, which has changed by -0.7428571 over the last 52 weeks, in comparison to a change of 0.23951602 over the same period for the S&P500. 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 -14.97%, while the 200-Day Moving Average is calculated to be -35.61%.
Shares Statistics:
The stock has traded on average 1.74M shares per day over the past 3-months and 893520 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 5.34% stake in the company. Shares short for ARQQ as of 1718323200 were 3615628 with a Short Ratio of 1.77, compared to 1715731200 on 4300034. Therefore, it implies a Short% of Shares Outstanding of 3615628 and a Short% of Float of 3.7600000000000002.
