On Tuesday, Arqit Quantum Inc (NASDAQ: ARQQ) opened higher 14.03% from the last session, before settling in for the closing price of $23.45. Price fluctuations for ARQQ have ranged from $3.72 to $32.50 over the past 52 weeks.
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Annual sales at Technology sector company grew by 2961.58% over the past five years. Company’s average yearly earnings per share was noted 70.68% at the time writing. With a float of $4.16 million, this company’s outstanding shares have now reached $12.50 million.
Let’s look at the performance matrix of the company that is accounted for 82 employees. In terms of profitability, gross margin is -53.24%, operating margin of -6537.36%, and the pretax margin is -9232.16%.
Arqit Quantum Inc (ARQQ) Insider Updates
A key investor’s attitude towards the stock of the Software – Infrastructure industry is another important factor to consider. The insider ownership of Arqit Quantum Inc is 66.73%, while institutional ownership is 0.84%. The most recent insider transaction that took place on Oct 14 ’24, was worth 1,573. Before that another transaction happened on Oct 14 ’24, when Company’s Officer proposed sale 1,035 for $4.26, making the entire transaction worth $4,413.
Arqit Quantum Inc (ARQQ) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 70.68% per share during the next fiscal year.
Arqit Quantum Inc (NASDAQ: ARQQ) Trading Performance Indicators
Check out the current performance indicators for Arqit Quantum Inc (ARQQ). In the past quarter, the stock posted a quick ratio of 1.94. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1152.97.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -7.76
Technical Analysis of Arqit Quantum Inc (ARQQ)
Arqit Quantum Inc (NASDAQ: ARQQ) saw its 5-day average volume 0.99 million, a positive change from its year-to-date volume of 0.13 million. As of the previous 9 days, the stock’s Stochastic %D was 53.08%. Additionally, its Average True Range was 4.00.
During the past 100 days, Arqit Quantum Inc’s (ARQQ) raw stochastic average was set at 79.99%, which indicates a significant increase from 77.30% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 210.44% in the past 14 days, which was higher than the 166.80% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.90, while its 200-day Moving Average is $10.62. Nevertheless, the first resistance level for the watch stands at $30.19 in the near term. At $33.64, the stock is likely to face the second major resistance level. The third major resistance level sits at $37.37. If the price goes on to break the first support level at $23.01, it is likely to go to the next support level at $19.28. Assuming the price breaks the second support level, the third support level stands at $15.83.
Arqit Quantum Inc (NASDAQ: ARQQ) Key Stats
There are currently 6,825K shares outstanding in the company with a market cap of 334.36 million. Presently, the company’s annual sales total 290 K according to its annual income of -54,580 K. Last quarter, the company’s sales amounted to 50 K and its income totaled -267,660 K.
