The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Arqit Quantum Inc. (ARQQ) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.02, or 1.79%, to $1.14. The Arqit Quantum Inc. has recorded 9,144 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Arqit Quantum Inc. Announces Financial and Operational Results for the First Half of Fiscal Year 2023.
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Arqit Quantum Inc. is listed on the NASDAQ as a member of the Technology sector and is a part of the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $1.12 and fluctuated between $1.2600 as its day high and $1.0700 as its day low. The current market capitalization of Arqit Quantum Inc. is $123.17M. A total of 2.04 million shares were traded on the day, compared to an average of 1.34M shares.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for ARQQ in the last 3 months, the mean price target is $3.58 with high estimates of $6.00 and low estimates of $1.15. In terms of 52-week highs and lows, ARQQ has a high of $10.67 and a low of $0.70.
As of this writing, ARQQ has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0.
Balance Sheet Annually/Quarterly
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. ARQQ’s latest balance sheet shows that the firm has $86.97M in Cash & Short Term Investments as of fiscal 2021. There were $5.46M in debt and $17.07M in liabilities at the time. Its Book Value Per Share was $0.64, while its Total Shareholder’s Equity was -$33.84M.
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ARQQ is Buy with a score of 4.00.