In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
In the latest session, Arqit Quantum Inc (NASDAQ: ARQQ) closed at $18.05 up 7.63% from its previous closing price of $16.77. In other words, the price has increased by $7.63 from its previous closing price. On the day, 0.71 million shares were traded. ARQQ stock price reached its highest trading level at $20.0585 during the session, while it also had its lowest trading level at $16.81.
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 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jan 10 ’25 when Pointon Nicholas bought 132 shares for $24.00 per share.
Willcocks Patrick bought 567 shares of ARQQ for $13,856 on Jan 08 ’25. On Jan 08 ’25, another insider, Pointon Nicholas, who serves as the Officer of the company, bought 512 shares for $24.44 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 225697184 and an Enterprise Value of 147343200. For the stock, the TTM Price-to-Sale (P/S) ratio is 778.26 while its Price-to-Book (P/B) ratio in mrq is 17.63. Its current Enterprise Value per Revenue stands at 199.112 whereas that against EBITDA is -2.381.
Stock Price History:
The Beta on a monthly basis for ARQQ is 2.24, which has changed by 0.4582609 over the last 52 weeks, in comparison to a change of 0.23147523 over the same period for the S&P500. 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 -15.03%, while the 200-Day Moving Average is calculated to be 50.65%.
Shares Statistics:
For the past three months, ARQQ has traded an average of 782.13K shares per day and 1091780 over the past ten days. 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 0.57, compared to 1728950400 on 130967. Therefore, it implies a Short% of Shares Outstanding of 222341 and a Short% of Float of 5.6399997.
