Arqit Quantum Inc. (NASDAQ:ARQQ) saw a downside of -10.26% to close Monday at $1.05 after subtracting -$0.12 on the day. The 5-day average trading volume is 3,968,340 shares of the company’s common stock. It has gained $1.4950 in the past week and touched a new high 1 time within the past 5 days. An average of 1,928,655 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,844,746.
ARQQ’s 1-month performance is -12.50% or -$0.1500 on its low of $1.0400 reached on 08/07/23. The company’s shares have touched a 52-week low of $0.70 and high of $10.67, with the stock’s rally to the 52-week high happening on 02/06/23. YTD, ARQQ has lost -70.91% or -$2.5600 and has reached a new high 2 times. However, the current price is down -90.16% from the 52-week high price.
Valuation Metrics
ARQQ stock has a beta of 0.43. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 74.96 while the price-to-book (PB) in the most recent quarter is 1.64.
Arqit Quantum Inc.’s quick ratio for the recent period was 2.20, with the current ratio over the same period at 2.20. The trailing 12-month EBITDA margin is -694.87%. The firm’s gross profit as reported stood at $59.31 million against revenue of $7.21 million.
Earnings Surprise
Net income grew 516.93% to $65.08 million, while revenue of $0.0 was 100.0% off the previous quarter. ARQQ stock balance sheet for the recent quarter shows that total liabilities totaled 34.3 million, with total debt at $9.18 million.
Let’s look briefly at Arqit Quantum Inc. (ARQQ) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 37.17% to suggest the stock is trending Neutral, with historical volatility in this time period at 161.39%.
The stock’s 5-day moving average is $1.2260, reflecting a -10.26% or -$0.1200 change from its current price. ARQQ is currently trading -15.32% above its 20-day SMA, -3.67% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -7.08% and SMA200 by-75.29%.
Stochastic %K and %D was 5.56% and 21.82% and the average true range (ATR) pointed at 0.1276. The RSI (14) points at 40.47%, while the 14-day stochastic is at 2.20% with the period’s ATR at 0.1258. The stock’s 9-day MACD Oscillator is pointing at -0.0711 and -0.0731 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Arqit Quantum Inc. (NASDAQ: ARQQ), Deutsche Bank launched coverage with a Hold rating. Analysts offering their rating for ARQQ stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate ARQQ as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is ARQQ’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $1.15 and a high of $6.00, with their median price target at $3.58. Looking at these predictions, the average price target given by analysts is for Arqit Quantum Inc. (ARQQ) stock is $3.58.
