Arqit Quantum Inc. (NASDAQ:ARQQ - Free Report) - Equities researchers at HC Wainwright decreased their FY2024 earnings estimates for shares of Arqit Quantum in a research report issued to clients and investors on Wednesday, November 27th. HC Wainwright analyst S. Buck now anticipates that the company will earn ($4.52) per share for the year, down from their previous forecast of ($4.25). The consensus estimate for Arqit Quantum's current full-year earnings is ($4.52) per share. HC Wainwright also issued estimates for Arqit Quantum's FY2025 earnings at ($1.53) EPS.
Arqit Quantum Stock Up 8.2 %
ARQQ stock traded up $1.64 during trading on Monday, reaching $21.62. 1,756,449 shares of the stock were exchanged, compared to its average volume of 112,138. Arqit Quantum has a twelve month low of $3.72 and a twelve month high of $32.50. The stock has a 50 day simple moving average of $7.87 and a 200-day simple moving average of $8.33.
Institutional Trading of Arqit Quantum
A hedge fund recently bought a new stake in Arqit Quantum stock. Cowen AND Company LLC purchased a new position in Arqit Quantum Inc. (NASDAQ:ARQQ - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 100,000 shares of the company's stock, valued at approximately $34,000. Cowen AND Company LLC owned approximately 0.06% of Arqit Quantum as of its most recent SEC filing. Institutional investors and hedge funds own 16.60% of the company's stock.
Arqit Quantum Company Profile
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Arqit Quantum Inc provides cybersecurity services through satellite and terrestrial platforms in the United Kingdom. It offers QuantumCloud, a Platform as a Service that creates unbreakable software encryption keys. The company also provides maintenance and support, and professional services. Arqit Quantum Inc is based in London, the United Kingdom.
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