For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
Arqit Quantum Inc (NASDAQ: ARQQ) closed the day trading at $0.41 down -4.51% from the previous closing price of $0.43. In other words, the price has decreased by -$4.51 from its previous closing price. On the day, 2.25 million shares were traded. ARQQ stock price reached its highest trading level at $0.43 during the session, while it also had its lowest trading level at $0.4021.
Ratios:
For a better understanding of ARQQ, let’s look at its different ratios. 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 68899960 and an Enterprise Value of 31298296. For the stock, the TTM Price-to-Sale (P/S) ratio is 107.65 while its Price-to-Book (P/B) ratio in mrq is 1.01. Its current Enterprise Value per Revenue stands at 48.904 whereas that against EBITDA is -0.419.
Stock Price History:
The Beta on a monthly basis for ARQQ is 1.31, which has changed by -0.622807 over the last 52 weeks, in comparison to a change of 0.22379243 over the same period for the S&P500. 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 -34.74%, while the 200-Day Moving Average is calculated to be -35.79%.
Shares Statistics:
Over the past 3-months, ARQQ traded about 1.76M shares per day on average, while over the past 10 days, ARQQ traded about 5007550 shares per day. 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 5.17% stake in the company. Shares short for ARQQ as of 1713139200 were 3749337 with a Short Ratio of 2.13, compared to 1710460800 on 4427168. Therefore, it implies a Short% of Shares Outstanding of 3749337 and a Short% of Float of 3.92.
Earnings Estimates
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.
Revenue Estimates
1 analysts predict $20.04M in revenue for the current quarter. 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
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 $693kBased 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.
