Arqit Quantum Inc [ARQQ] stock is trading at $0.60, saw in change for the day. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ARQQ shares have gain 7.33% over the last week, with a monthly amount glided 33.87%, and seem to be holding up well over a long-time horizon.
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On 22, February 2024, Arqit and CableFree deliver world’s first quantum-safe 5G cellular technology products. In a post published today on Yahoo Finance, Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (Arqit), a leader in quantum-safe encryption, and CableFree: Wireless Excellence Ltd (CableFree), a leader in 5G Radio solutions, have today announced the availability of integrated quantum-safe cellular technology products for Private 5G networks using Symmetric Key Agreement.
From an analyst’s perspective:
Arqit Quantum Inc [NASDAQ: ARQQ] stock has seen the most recent analyst activity on July 19, 2022, when Deutsche Bank initiated its Hold rating and assigned the stock a price target of $7. Previously, H.C. Wainwright started tracking the stock with Buy rating on April 26, 2022, and set its price target to $16.
Arqit Quantum Inc [ARQQ] stock has fluctuated between $0.39 and $1.65 over the past year. Currently, Wall Street analysts expect the stock to reach $14 within the next 12 months. Arqit Quantum Inc [NASDAQ: ARQQ] shares were valued at $0.60 at the most recent close of the market. An investor can expect a potential return of 2233.33% based on the average ARQQ price forecast.
Analyzing the ARQQ fundamentals
Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.5670 points at the first support level, and at 0.5340 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.6460, and for the 2nd resistance point, it is at 0.6920.
Ratios To Look Out For
For context, Arqit Quantum Inc’s Current Ratio is 3.22. Further, the Quick Ratio stands at 3.22, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 153.82, the price to book ratio is 1.47.
