Brokers Offer Predictions for Arqit Quantum FY2025 Earnings

Key Points

• HC Wainwright has increased its FY2025 earnings per share (EPS) estimate for Arqit Quantum to ($2.55), up from a previous forecast of ($3.27), maintaining a "Buy" rating with a $60.00 price target.
• Weiss Ratings reaffirmed a "sell (d)" rating for Arqit Quantum, highlighting mixed sentiments with one Buy and one Sell rating from analysts, resulting in an average stock rating of "Hold."
• Several institutional investors have significantly increased their stakes in Arqit Quantum, including Virtu Financial LLC which boosted its holdings by 440.7%.

Arqit Quantum Inc. (NASDAQ:ARQQ - Free Report) - Equities research analysts at HC Wainwright increased their FY2025 earnings per share (EPS) estimates for shares of Arqit Quantum in a report issued on Monday, October 13th. HC Wainwright analyst S. Buck now anticipates that the company will earn ($2.55) per share for the year, up from their previous forecast of ($3.27). HC Wainwright currently has a "Buy" rating and a $60.00 price target on the stock. The consensus estimate for Arqit Quantum's current full-year earnings is ($1.39) per share. HC Wainwright also issued estimates for Arqit Quantum's FY2026 earnings at ($1.65) EPS.

Separately, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Arqit Quantum in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $60.00.

Arqit Quantum Stock Down 0.2%

Shares of ARQQ opened at $58.16 on Wednesday. Arqit Quantum has a 12-month low of $4.14 and a 12-month high of $62.00. The business has a 50-day simple moving average of $36.70 and a two-hundred day simple moving average of $29.52.

Institutional Investors Weigh In On Arqit Quantum

Several large investors have recently added to or reduced their stakes in ARQQ. SBI Securities Co. Ltd. grew its stake in Arqit Quantum by 29.2% during the first quarter. SBI Securities Co. Ltd. now owns 31,145 shares of the company's stock worth $432,000 after purchasing an additional 7,032 shares during the period. Hussman Strategic Advisors Inc. bought a new position in Arqit Quantum in the first quarter worth approximately $146,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Arqit Quantum in the first quarter worth approximately $40,000. Virtu Financial LLC boosted its holdings in Arqit Quantum by 440.7% in the first quarter. Virtu Financial LLC now owns 32,208 shares of the company's stock worth $446,000 after acquiring an additional 26,251 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in Arqit Quantum by 222.9% in the first quarter. Royal Bank of Canada now owns 20,550 shares of the company's stock worth $284,000 after acquiring an additional 14,186 shares in the last quarter. Institutional investors and hedge funds own 16.60% of the company's stock.

Arqit Quantum Company Profile

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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