Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
In the latest session, Arqit Quantum Inc (NASDAQ: ARQQ) closed at $0.47 down -3.88% from its previous closing price of $0.49. In other words, the price has decreased by -$3.88 from its previous closing price. On the day, 38.11 million shares were traded. ARQQ stock price reached its highest trading level at $0.6 during the session, while it also had its lowest trading level at $0.43.
Ratios:
For a deeper understanding of Arqit Quantum Inc’s stock, let’s take a closer look at its various 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 81857640 and an Enterprise Value of 40863656. For the stock, the TTM Price-to-Sale (P/S) ratio is 122.94 while its Price-to-Book (P/B) ratio in mrq is 1.15. Its current Enterprise Value per Revenue stands at 63.849 whereas that against EBITDA is -0.547.
Stock Price History:
The Beta on a monthly basis for ARQQ is 1.24, which has changed by -0.54019606 over the last 52 weeks, in comparison to a change of 0.24191546 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 -26.63%, while the 200-Day Moving Average is calculated to be -28.56%.
Shares Statistics:
For the past three months, ARQQ has traded an average of 1.01M shares per day and 4197060 over the past ten days. 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 3.72, 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
A total of 1 analysts believe the company’s revenue will be $20.04M this 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.
