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The price of Arqit Quantum Inc (NASDAQ: ARQQ) closed at $17.12 in the last session, down -3.44% from day before closing price of $17.73. In other words, the price has decreased by -$3.44 from its previous closing price. On the day, 1.03 million shares were traded. ARQQ stock price reached its highest trading level at $20.5499 during the session, while it also had its lowest trading level at $14.8.
Ratios:
We take a closer look at ARQQ’s different ratios to gain a better understanding of the stock. 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.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Oct 14 ’24 when Pointon Nicholas bought 369 shares for $4.26 per share.
Feenan Paul bought 1,035 shares of ARQQ for $4,413 on Oct 14 ’24. On Oct 14 ’24, another insider, Willcocks Patrick, who serves as the Officer of the company, bought 408 shares for $4.26 each.
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 116850000 and an Enterprise Value of 104301064. For the stock, the TTM Price-to-Sale (P/S) ratio is 283.75 while its Price-to-Book (P/B) ratio in mrq is 185.72. Its current Enterprise Value per Revenue stands at 140.947 whereas that against EBITDA is -1.685.
Stock Price History:
Over the past 52 weeks, ARQQ has reached a high of $23.00, while it has fallen to a 52-week low of $3.72. The 50-Day Moving Average of the stock is 150.92%, while the 200-Day Moving Average is calculated to be 67.26%.
Shares Statistics:
According to the various share statistics, ARQQ traded on average about 217.75K shares per day over the past 3-months and 721480 shares per day over the past 10 days. A total of 163.55M shares are outstanding, with a floating share count of 4.08M. Insiders hold about 66.73% of the company’s shares, while institutions hold 0.86% stake in the company. Shares short for ARQQ as of 1730332800 were 150528 with a Short Ratio of 0.69, compared to 1727654400 on 121226. Therefore, it implies a Short% of Shares Outstanding of 150528 and a Short% of Float of 3.82.
