The stock has a 36-month beta value of 1.45. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ARQQ is 4.40M, and at present, short sellers hold a 3.42% of that float. On November 18, 2024, the average trading volume of ARQQ was 122.03K shares.
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ARQQ) stock’s latest price update
Arqit Quantum Inc (NASDAQ: ARQQ)’s stock price has gone decline by -18.52 in comparison to its previous close of 9.72, however, the company has experienced a -3.30% decrease in its stock price over the last five trading days. globenewswire.com reported 2024-09-30 that LONDON, Sept. 30, 2024 (GLOBE NEWSWIRE) — Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (“Arqit” or the “Company”), a global leader in quantum encryption technology, today announced that it has entered into a definitive securities purchase agreement with existing shareholders Heritage Assets SCSP, Notion Capital, Carlo Calabria, and Garth Ritchie (collectively, the “Purchasers”) for the sale and purchase of 5,440,000 of the Company’s ordinary shares, $0.000004 par value per share (the “Ordinary Shares”) at an offering price of $2.50 per Ordinary Share, in a registered direct offering (the “Offering”). Arqit director Manfredi Lefebvre d’Ovidio has shared investment and voting power over the shares held by Heritage Assets SCSP, existing Arqit shareholder Notion Capital is the beneficial owner of the Arqit shares held by Ropemaker Nominees Limited, and Carlo Calabria and Garth Ritchie are each directors of the Company.
ARQQ’s Market Performance
Arqit Quantum Inc (ARQQ) has seen a -3.30% fall in stock performance for the week, with a 34.24% gain in the past month and a -12.00% plunge in the past quarter. The volatility ratio for the week is 17.93%, and the volatility levels for the past 30 days are at 18.49% for ARQQ. The simple moving average for the past 20 days is 10.55% for ARQQ’s stock, with a -22.84% simple moving average for the past 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 27.20% 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 -65.57% of loss for the given period.
Volatility was left at 18.49%, however, over the last 30 days, the volatility rate increased by 17.93%, as shares surge +33.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.38% upper at present.
During the last 5 trading sessions, ARQQ fell by -3.30%, which changed the moving average for the period of 200-days by -29.60% in comparison to the 20-day moving average, which settled at $7.16. In addition, Arqit Quantum Inc saw -33.16% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ARQQ starting from Pointon Nicholas, who proposed sale 369 shares at the price of $4.26 back on Oct 14 ’24. After this action, Pointon Nicholas now owns shares of Arqit Quantum Inc, valued at $1,573 using the latest closing price.
Feenan Paul, the Officer of Arqit Quantum Inc, proposed sale 1,035 shares at $4.26 during a trade that took place back on Oct 14 ’24, which means that Feenan Paul is holding shares at $4,413 based on the most recent closing price.
Stock Fundamentals for ARQQ
Current profitability levels for the company are sitting at:
- -65.37 for the present operating margin
- -0.53 for the gross margin
The net margin for Arqit Quantum Inc stands at -108.71. The total capital return value is set at -1.96. Equity return is now at value -142.79, with -87.25 for asset returns.
Currently, EBITDA for the company is -71.13 million with net debt to EBITDA at 0.3. When we switch over and look at the enterprise to sales, we see a ratio of 112.83. The receivables turnover for the company is 0.63for 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 1.70.
Conclusion
To sum up, Arqit Quantum Inc (ARQQ) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
