The 36-month beta value for ARQQ is also noteworthy at 1.27. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for ARQQ is 50.06M, and at present, short sellers hold a 7.49% of that float. The average trading volume of ARQQ on April 26, 2024 was 1.00M shares.
ARQQ) stock’s latest price update
Arqit Quantum Inc (NASDAQ: ARQQ)’s stock price has plunge by 0.19relation to previous closing price of 0.48. Nevertheless, the company has seen a 1.70% surge in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-20 that As Bitcoin ( BTC-USD ) has proven, taking part in the first wave of an emerging sector can yield great benefits. Although the field of quantum computing is still in early stages, it has high disruptive potential to supercharge processing and reduce energy consumption.
ARQQ’s Market Performance
ARQQ’s stock has risen by 1.70% in the past week, with a monthly drop of -33.38% and a quarterly rise of 6.98%. The volatility ratio for the week is 5.29% while the volatility levels for the last 30 days are 10.36% for Arqit Quantum Inc The simple moving average for the last 20 days is -11.48% for ARQQ stock, with a simple moving average of -27.35% for the last 200 days.
Analysts’ Opinion of ARQQ
Many brokerage firms have already submitted their reports for ARQQ stocks, with Deutsche Bank repeating the rating for ARQQ by listing it as a “Hold.” The predicted price for ARQQ in the upcoming period, according to Deutsche Bank is $7 based on the research report published on July 19, 2022 of the previous year 2022.
H.C. Wainwright, on the other hand, stated in their research note that they expect to see ARQQ reach a price target of $16. The rating they have provided for ARQQ stocks is “Buy” according to the report published on April 26th, 2022.
ARQQ Trading at -25.22% from the 50-Day Moving Average
After a stumble in the market that brought ARQQ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -70.94% of loss for the given period.
Volatility was left at 10.36%, however, over the last 30 days, the volatility rate increased by 5.29%, as shares sank -33.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.00% lower at present.
During the last 5 trading sessions, ARQQ rose by +1.80%, which changed the moving average for the period of 200-days by -61.60% in comparison to the 20-day moving average, which settled at $0.5295. In addition, Arqit Quantum Inc saw 1.16% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for ARQQ
Current profitability levels for the company are sitting at:
- -1.24 for the present operating margin
- 1.0 for the gross margin
The net margin for Arqit Quantum Inc stands at 2.92. The total capital return value is set at -0.03. Equity return is now at value -101.80, with -66.09 for asset returns.
Based on Arqit Quantum Inc (ARQQ), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at -1.11. The debt to equity ratio resting at 0.13. The interest coverage ratio of the stock is -40.71.
Currently, EBITDA for the company is -60.65 million with net debt to EBITDA at 21.31. When we switch over and look at the enterprise to sales, we see a ratio of 24.56. The receivables turnover for the company is 0.56for trailing twelve months and the total asset turnover is 0.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.22.
Conclusion
In summary, Arqit Quantum Inc (ARQQ) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
