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 $0.48 down -2.33% from the previous closing price of $0.49. In other words, the price has decreased by -$2.33 from its previous closing price. On the day, 0.5 million shares were traded. ARQQ stock price reached its highest trading level at $0.5 during the session, while it also had its lowest trading level at $0.47.
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 82243584 and an Enterprise Value of 42471556. For the stock, the TTM Price-to-Sale (P/S) ratio is 125.51 while its Price-to-Book (P/B) ratio in mrq is 1.17. Its current Enterprise Value per Revenue stands at 66.362 whereas that against EBITDA is -0.568.
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 -25.58%, while the 200-Day Moving Average is calculated to be -27.91%.
Shares Statistics:
Over the past 3-months, ARQQ traded about 999.72K shares per day on average, while over the past 10 days, ARQQ traded about 515510 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 5.22% stake in the company. Shares short for ARQQ as of 1713139200 were 3749337 with a Short Ratio of 3.75, compared to 1710460800 on 4427168. Therefore, it implies a Short% of Shares Outstanding of 3749337 and a Short% of Float of 3.92.
