Arqit Quantum Inc [ARQQ] stock is trading at $0.55, down -5.03%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ARQQ shares have lost -0.02% over the last week, with a monthly amount drifted -32.68%, and not seem to be holding up well over a long-time horizon.
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On 3, April 2024, Arqit clarifies certain Form 144 filings. In a post published today on Yahoo Finance, Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (Arqit), a leader in quantum-safe encryption, announced today clarification regarding certain Form 144 filings. On a routine basis, Form 144 filings are made by officers and directors of the Company in connection with shares sold to cover tax obligations arising from the vesting of compensatory equity grants (also known as “sale to cover” transactions). Such “sale to cover” transactions do not represent any discretionary sales by those officers and directors. Commencing with Form 144 filings in April 2024, Fidelity Stock Plan Services, which administers Arqit’s employee share plan, will denote “sale to cover” transactions in relevant Form 144 filings for greater transparency.
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 $0.55 at the most recent close of the market. An investor can expect a potential return of 2445.45% 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 0.5215 points at the first support level, and at 0.4959 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.5723, and for the 2nd resistance point, it is at 0.5975.
Ratios To Look Out For
For context, Arqit Quantum Inc’s Current Ratio is 3.22. In addition, the Quick Ratio stands at 3.22 and the Cash Ratio stands at 1.66. Considering the valuation of this stock, the price to sales ratio is 140.23, the price to book ratio is 1.34.
