Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
Arqit Quantum Inc (NASDAQ: ARQQ) closed the day trading at $39.66 up 4.31% from the previous closing price of $38.02. In other words, the price has increased by $4.31 from its previous closing price. On the day, 1.22 million shares were traded. ARQQ stock price reached its highest trading level at $45.45 during the session, while it also had its lowest trading level at $36.9.
Ratios:
For a better understanding of ARQQ, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.94 and its Current Ratio is at 1.94. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.06.
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, H.C. Wainwright on December 31, 2024, Reiterated its Buy rating but revised its target price to $52 from $27 previously.
On July 19, 2022, Deutsche Bank started tracking the stock assigning a Hold rating and target price of $7.
On April 26, 2022, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $16.H.C. Wainwright initiated its Buy rating on April 26, 2022, with a $16 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 16 ’24 when Feenan Paul bought 4,700 shares for $25.89 per share.
Pointon Nicholas bought 369 shares of ARQQ for $1,573 on Oct 14 ’24. On Oct 14 ’24, another insider, Feenan Paul, who serves as the Officer of the company, bought 1,035 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 495908640 and an Enterprise Value of 147343200. For the stock, the TTM Price-to-Sale (P/S) ratio is 1783.80 while its Price-to-Book (P/B) ratio in mrq is 38.74. Its current Enterprise Value per Revenue stands at 199.112 whereas that against EBITDA is -2.381.
Stock Price History:
Over the past 52 weeks, ARQQ has reached a high of $52.79, while it has fallen to a 52-week low of $3.72. The 50-Day Moving Average of the stock is 109.21%, while the 200-Day Moving Average is calculated to be 237.50%.
Shares Statistics:
Over the past 3-months, ARQQ traded about 678.87K shares per day on average, while over the past 10 days, ARQQ traded about 1259040 shares per day. A total of 12.50M shares are outstanding, with a floating share count of 5.45M. Insiders hold about 56.42% of the company’s shares, while institutions hold 0.84% stake in the company. Shares short for ARQQ as of 1731628800 were 222341 with a Short Ratio of 0.44, compared to 1728950400 on 130967. Therefore, it implies a Short% of Shares Outstanding of 222341 and a Short% of Float of 5.6399997.
