A share price of Arqit Quantum Inc [ARQQ] is currently trading at $30.50, up 13.26%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ARQQ shares have gain 28.69% over the last week, with a monthly amount glided 315.53%, 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.
Arqit Quantum Inc experienced fluctuations in its stock price throughout the past year between $3.72 and $42.90. Currently, Wall Street analysts expect the stock to reach $14 within the next 12 months. Arqit Quantum Inc [NASDAQ: ARQQ] shares were valued at $30.50 at the most recent close of the market. An investor can expect a potential drop of -54.1% 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 -3.01, Equity is -2.95 and Total Capital is -3.33.
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 25.30 points at the first support level, and at 20.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.15, and for the 2nd resistance point, it is at 35.80.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Arqit Quantum Inc [NASDAQ:ARQQ] is 1.94. As well, the Quick Ratio is 1.94, while the Cash Ratio is 1.53. Considering the valuation of this stock, the price to sales ratio is 1489.40, the price to book ratio is 29.80.
Transactions by insiders
Recent insider trading involved Feenan Paul, Officer, that happened on Dec 16 ’24 when 4700.0 shares were purchased. Officer, Pointon Nicholas completed a deal on Oct 14 ’24 to buy 369.0 shares. Meanwhile, Officer Feenan Paul bought 1035.0 shares on Oct 14 ’24.
