HC Wainwright Predicts Arqit Quantum FY2027 Earnings

by · The Markets Daily

Arqit Quantum Inc. (NASDAQ:ARQQ – Free Report) – HC Wainwright issued their FY2027 EPS estimates for Arqit Quantum in a report released on Thursday, December 18th. HC Wainwright analyst S. Buck forecasts that the company will post earnings of ($1.06) per share for the year. HC Wainwright currently has a “Buy” rating on the stock. The consensus estimate for Arqit Quantum’s current full-year earnings is ($1.39) per share.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Arqit Quantum in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $60.00.

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Arqit Quantum Stock Up 6.5%

Shares of NASDAQ ARQQ opened at $23.93 on Friday. Arqit Quantum has a fifty-two week low of $11.00 and a fifty-two week high of $62.00. The firm’s 50-day simple moving average is $33.86 and its 200 day simple moving average is $34.62.

Institutional Investors Weigh In On Arqit Quantum

A number of institutional investors have recently added to or reduced their stakes in the company. National Bank of Canada FI purchased a new stake in Arqit Quantum in the 3rd quarter valued at about $27,000. Allworth Financial LP grew its holdings in shares of Arqit Quantum by 53.8% in the second quarter. Allworth Financial LP now owns 1,000 shares of the company’s stock valued at $37,000 after acquiring an additional 350 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Arqit Quantum by 333.4% during the third quarter. Jones Financial Companies Lllp now owns 2,206 shares of the company’s stock valued at $80,000 after acquiring an additional 1,697 shares during the last quarter. MASO CAPITAL PARTNERS Ltd purchased a new stake in shares of Arqit Quantum during the third quarter valued at approximately $110,000. Finally, Quantbot Technologies LP bought a new stake in Arqit Quantum during the second quarter worth $122,000. 16.60% of the stock is owned by institutional investors.

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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