Arqit Quantum Inc [ARQQ] stock prices are up 3.67% to $7.34 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The ARQQ shares have gain 51.97% over the last week, with a monthly amount glided 33.45%, and seem to be holding up well over a long-time horizon.
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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 $3.72 and $23.00 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 $7.34 at the most recent close of the market. An investor can expect a potential return of 90.74% based on the average ARQQ price forecast.
Analyzing the ARQQ fundamentals
Gross Profit Margin for this corporation currently stands at -0.53% with Operating Profit Margin at -65.37%, Pretax Profit Margin comes in at -92.32%, and Net Profit Margin reading is -108.71%. To continue investigating profitability, this company’s Return on Assets is posted at -1.92, Equity is -1.96 and Total Capital is -1.96. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.5.
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 6.31 points at the first support level, and at 5.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.07, and for the 2nd resistance point, it is at 10.79.
Ratios To Look Out For
It’s worth pointing out that Arqit Quantum Inc [NASDAQ:ARQQ]’s Current Ratio is 1.70. On the other hand, the Quick Ratio is 1.70, and the Cash Ratio is 1.24. Considering the valuation of this stock, the price to sales ratio is 121.71, the price to book ratio is 79.63.
Transactions by insiders
Recent insider trading involved Pointon Nicholas, Officer, that happened on Oct 14 ’24 when 369.0 shares were purchased. Officer, Feenan Paul completed a deal on Oct 14 ’24 to buy 1035.0 shares. Meanwhile, Officer Willcocks Patrick bought 408.0 shares on Oct 14 ’24.
