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Tuesday, December 5, 2023

Arqit Quantum Inc (NASDAQ: ARQQ) May Be Attracting Institutional Investments

After Hours

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 broken, with the stock’s consolidated last price falling by -$0.0189, or -3.38%, to $0.54. The Arqit Quantum Inc has recorded 3,430 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that DETASAD and Arqit announce pioneering partnership to elevate cyber security solutions.

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Stocks Info

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 $0.56 and fluctuated between $0.5744 as its day high and $0.5100 as its day low. The current market capitalization of Arqit Quantum Inc is $91.41M. A total of 0.51 million shares were traded on the day, compared to an average of 1.02M 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 $4.00 with high estimates of $4.00 and low estimates of $4.00. In terms of 52-week highs and lows, ARQQ has a high of $10.20 and a low of $0.39.

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 $0.66, while its Total Shareholder’s Equity was -$33.84M.

Analysts Opinion

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 5.00.

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