Arqit Quantum Inc (NASDAQ:ARQQ) price is hovering higher on current market day and jumping 9.52% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $25.09. Taking into account the 52-week price action we note that the stock hit a 52-week high of $52.79 and 52-week low of $3.72. The stock added 71.74% on its value in the past month.
Arqit Quantum Inc, which has a market valuation of $394.45 million, is expected to release its quarterly earnings report in July.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned ARQQ a recommendation rating as follows: 0 rate it as a Hold; 1 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Arqit Quantum Inc (ARQQ) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that ARQQ’s price is at present 18.16% off the SMA20 and 51.22% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 65.13, with weekly volatility standing at 11.06%. The indicator jumps to 9.49% when calculated based on the past 30 days. Arqit Quantum Inc (NASDAQ:ARQQ)’s beta value is holding at 2.13, while the average true range (ATR) indicator is currently reading 2.79. Considering analysts have assigned the stock a price target range of $14-$14 as the low and high respectively, we find the trailing 12-month average consensus price target to be $14. Based on this estimate, we see that today’s price at last check is roughly 49.05% off the estimated low and 49.05% off the forecast high. Investors will no doubt be excited to see the share price rise to $14, which is the median consensus price, and at that level ARQQ would be 49.05% from recent price.
An analysis of the Arqit Quantum Inc (NASDAQ:ARQQ) stock in terms of its daily trading volume indicates that the 3-month average is 699.21K.
Current records show that the company has 14.35M in outstanding shares. The insiders’ percentage holdings are 56.75% of outstanding shares while the percentage share held by institutions stands at 4.10%. But the -29.25% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
