Arqit Quantum Inc experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $23.00 on 03/08/24, while the lowest price for the same period was registered at $3.72 on 09/26/24.
52-week price history of ARQQ Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Arqit Quantum Inc’s current trading price is -53.61% away from its 52-week high, while its distance from the 52-week low is 186.83%. The stock’s price range during this period has spanned from $3.72 to $23.00. In the Technology sector, the Arqit Quantum Inc’s shares surpassed a trading volume of approximately 0.89 million for the day, which was noticeably higher compared to the average daily volume of 9.0.13 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Arqit Quantum Inc (ARQQ) has experienced a quarterly rise of 13.81% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 130.87M and boasts a workforce of 147 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 7.38, with a change in price of +3.12. Similarly, Arqit Quantum Inc recorded 106,777 in trading volume during the last 100 days, posting a change of +41.32%.
Examining ARQQ’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for ARQQ stands at 0.50. Similarly, the long-term debt-to-equity ratio is also 0.34.
ARQQ Stock Stochastic Average
Today, Arqit Quantum Inc’s raw stochastic average for the past 50 days stands at 96.80%, indicating a rise from the raw stochastic average of the last 20 days, which was 95.95%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 58.20% and 47.70% respectively.
ARQQ Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. This year’s metric has recorded a Price decrease of -9.96%. However, over the past six months, we’ve seen a weaker performance of 6.70%. The price of ARQQ fallen by 44.97% over the last 30 days. And in the last five days, it has surged by 9.77%.
