Arqit Quantum Inc [ARQQ] stock prices are up 6.57% to $0.78 at the moment. 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 30.00% over the last week, with a monthly amount glided 73.33%, and seem to be holding up well over a long-time horizon.
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On 29, February 2024, Arqit Awarded Top Honors in Two Categories at the Global Mobile Awards at 2024 Mobile World Congress. In a post published today on Yahoo Finance, Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (Arqit), a leader in quantum-safe encryption was honoured to receive two Glomo awards at Mobile World Congress on February 28, 2024. The company took home the top honour in the CTO Choice: Outstanding Mobile Technology Award category, which was voted on by CTO’s across the industry, including those from the world’s major mobile phone companies, along with the award for Best Mobile Security Solution.
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.
The stock price of Arqit Quantum Inc [ARQQ] has been fluctuating 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 $0.78 at the most recent close of the market. An investor can expect a potential return of 1694.87% based on the average ARQQ price forecast.
Analyzing the ARQQ fundamentals
Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at -1.24%, Pretax Profit Margin comes in at 2.95%, and Net Profit Margin reading is 2.92%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.07 and Total Capital is -0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.13.
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 0.7317 points at the first support level, and at 0.6833 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.8367, and for the 2nd resistance point, it is at 0.8933.
Ratios To Look Out For
It’s worth pointing out that Arqit Quantum Inc [NASDAQ:ARQQ]’s Current Ratio is 3.22. Further, the Quick Ratio stands at 3.22, while the Cash Ratio is 1.66. Considering the valuation of this stock, the price to sales ratio is 199.96, the price to book ratio is 1.91.
