Arqit Quantum Inc. (NASDAQ:ARQQ - Free Report) - Analysts at HC Wainwright issued their FY2026 earnings estimates for shares of Arqit Quantum in a research note issued on Friday, May 23rd. HC Wainwright analyst S. Buck forecasts that the company will post earnings of ($1.68) per share for the year. The consensus estimate for Arqit Quantum's current full-year earnings is ($1.39) per share.
Arqit Quantum (NASDAQ:ARQQ - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The company reported ($1.35) earnings per share (EPS) for the quarter.
Arqit Quantum Stock Performance
NASDAQ ARQQ traded down $2.47 during mid-day trading on Monday, reaching $22.54. 811,947 shares of the stock were exchanged, compared to its average volume of 461,016. The business's 50 day moving average is $16.70 and its 200-day moving average is $19.68. Arqit Quantum has a 1 year low of $3.72 and a 1 year high of $52.79.
Hedge Funds Weigh In On Arqit Quantum
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC raised its position in shares of Arqit Quantum by 440.7% in the first quarter. Virtu Financial LLC now owns 32,208 shares of the company's stock valued at $446,000 after buying an additional 26,251 shares during the last quarter. SBI Securities Co. Ltd. increased its position in shares of Arqit Quantum by 29.2% during the first quarter. SBI Securities Co. Ltd. now owns 31,145 shares of the company's stock valued at $432,000 after acquiring an additional 7,032 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Arqit Quantum during the fourth quarter valued at about $1,083,000. Jane Street Group LLC acquired a new stake in shares of Arqit Quantum during the fourth quarter valued at about $931,000. Finally, Royal Bank of Canada increased its position in shares of Arqit Quantum by 222.9% during the first quarter. Royal Bank of Canada now owns 20,550 shares of the company's stock valued at $284,000 after acquiring an additional 14,186 shares during the last quarter. 16.60% of the stock is owned by hedge funds and other 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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