Arqit Quantum Inc (NASDAQ: ARQQ)’s stock price has dropped by -10.34 in relation to previous closing price of 43.32. Nevertheless, the company has seen a gain of 25.57% in its stock price over the last five trading days. zacks.com reported 2024-12-18 that Here is how Arqit Quantum Inc. (ARQQ) and Parsons (PSN) have performed compared to their sector so far this year.
Is It Worth Investing in Arqit Quantum Inc (NASDAQ: ARQQ) Right Now?
The 36-month beta value for ARQQ is at 2.12. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for ARQQ is 5.45M, and currently, shorts hold a 5.47% of that float. The average trading volume for ARQQ on January 01, 2025 was 661.71K shares.
ARQQ’s Market Performance
The stock of Arqit Quantum Inc (ARQQ) has seen a 25.57% increase in the past week, with a 94.39% rise in the past month, and a 710.86% gain in the past quarter. The volatility ratio for the week is 33.82%, and the volatility levels for the past 30 days are at 32.22% for ARQQ. The simple moving average for the past 20 days is 29.24% for ARQQ’s stock, with a 236.31% simple moving average for the past 200 days.
Analysts’ Opinion of ARQQ
Deutsche Bank, on the other hand, stated in their research note that they expect to see ARQQ reach a price target of $7. The rating they have provided for ARQQ stocks is “Hold” according to the report published on July 19th, 2022.
H.C. Wainwright gave a rating of “Buy” to ARQQ, setting the target price at $16 in the report published on April 26th of the previous year.
ARQQ Trading at 119.53% 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 -26.43% of loss for the given period.
Volatility was left at 32.22%, however, over the last 30 days, the volatility rate increased by 33.82%, as shares surge +79.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +553.87% upper at present.
During the last 5 trading sessions, ARQQ rose by +25.57%, which changed the moving average for the period of 200-days by +100.21% in comparison to the 20-day moving average, which settled at $30.05. In addition, Arqit Quantum Inc saw 227.76% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ARQQ starting from Feenan Paul, who proposed sale 4,700 shares at the price of $25.89 back on Dec 16 ’24. After this action, Feenan Paul now owns shares of Arqit Quantum Inc, valued at $121,703 using the latest closing price.
Pointon Nicholas, the Officer of Arqit Quantum Inc, proposed sale 369 shares at $4.26 during a trade that took place back on Oct 14 ’24, which means that Pointon Nicholas is holding shares at $1,573 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 -3.33. Equity return is now at value -61.11, with -37.91 for asset returns.
Currently, EBITDA for the company is -20.19 million with net debt to EBITDA at 0.39. When we switch over and look at the enterprise to sales, we see a ratio of 632.35. The receivables turnover for the company is 0.15for trailing twelve months and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.94.
Conclusion
In conclusion, Arqit Quantum Inc (ARQQ) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
