FY2025 EPS Estimates for Arqit Quantum Reduced by Analyst

Key Points

• HC Wainwright has lowered their FY2025 earnings per share estimate for Arqit Quantum Inc. to ($3.27), down from a previous forecast of ($3.22).
• Arqit Quantum's current full-year earnings consensus estimate stands at ($1.39) per share, indicating ongoing financial challenges for the company.
• Institutional investors hold 16.60% of Arqit's stock, with notable stakes raised by Allworth Financial and Veracity Capital in recent quarters.

Arqit Quantum Inc. (NASDAQ:ARQQ - Free Report) - HC Wainwright reduced their FY2025 earnings per share estimates for Arqit Quantum in a research note issued on Thursday, September 18th. HC Wainwright analyst S. Buck now expects that the company will post earnings of ($3.27) per share for the year, down from their prior forecast of ($3.22). HC Wainwright currently has a "Buy" rating and a $52.00 price target on the stock. The consensus estimate for Arqit Quantum's current full-year earnings is ($1.39) per share.

Arqit Quantum Stock Performance

Shares of NASDAQ ARQQ opened at $41.73 on Monday. The company has a 50 day simple moving average of $33.68 and a two-hundred day simple moving average of $26.00. Arqit Quantum has a 12 month low of $3.72 and a 12 month high of $52.79.

Institutional Investors Weigh In On Arqit Quantum

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP raised its stake in shares of Arqit Quantum by 53.8% during the 2nd quarter. Allworth Financial LP now owns 1,000 shares of the company's stock valued at $37,000 after buying an additional 350 shares during the last quarter. Veracity Capital LLC raised its position in Arqit Quantum by 14.3% during the first quarter. Veracity Capital LLC now owns 12,351 shares of the company's stock valued at $171,000 after acquiring an additional 1,547 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Arqit Quantum in the first quarter valued at approximately $40,000. Quantbot Technologies LP acquired a new position in Arqit Quantum in the second quarter valued at approximately $122,000. Finally, SBI Securities Co. Ltd. boosted its position in Arqit Quantum by 17.5% in the 2nd quarter. SBI Securities Co. Ltd. now owns 36,590 shares of the company's stock worth $1,355,000 after purchasing an additional 5,445 shares in the last quarter. 16.60% of the stock is owned by institutional investors and hedge funds.

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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