Arqit Quantum Inc’s Mixed Bag: Down -42.22% in 6 Months, Down 38.36% in 30 Days

Arqit Quantum Inc had a pretty Dodgy run when it comes to the market performance. Over the past year, the company’s stock reached a high of $2.98 on 02/15/23, while the lowest price during the same period was $0.39 on 10/26/23.

52-week price history of ARQQ Stock

Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Arqit Quantum Inc’s current trading price is -79.06% away from its 52-week high, while its distance from the 52-week low is 59.59%. The stock’s price range for this period has remained between $0.39 and $2.98. The Technology sector company’s shares managed to surpass a trading volume of around 3.91 million for the day, which was noticeably higher compared to the shares’ average daily volume of 5.24 over the last three months.

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Financial Performance and Market Capitalization

Arqit Quantum Inc (ARQQ) has experienced a quarterly rise of 20.46% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 102.38M.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 0.4956, with a change in price of +0.0240. Similarly, Arqit Quantum Inc recorded 756,075 in trading volume during the last 100 days, posting a change of +4.00%.

ARQQ Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for ARQQ stands at 0.13. Similarly, the long-term debt-to-equity ratio is also 0.09.

ARQQ Stock Stochastic Average

As of today, the raw stochastic average of Arqit Quantum Inc over the last 50 days is at 80.00%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 78.46%. Further, the company’s Stochastic %K and %D values for the last 20 days were 79.86% and 73.16%, respectively.

ARQQ Stock Price Performance Analysis

Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. The index has shown a price gain of 31.65% this year. Over the last six months, there has been a stronger performance of -42.22%. The price of ARQQ fallen by 38.36% during the last 30 days period. For the last 5-days stocks have improved 42.56%.

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