FY2025 EPS Estimates for Arqit Quantum Cut by HC Wainwright

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) - Equities research analysts at HC Wainwright cut their FY2025 earnings per share (EPS) estimates for Arqit Quantum in a research report issued to clients and investors on Thursday, September 18th. HC Wainwright analyst S. Buck now forecasts that the company will post earnings per share of ($3.27) for the year, down from their previous estimate of ($3.22). HC Wainwright has a "Buy" rating and a $52.00 price objective on the stock. The consensus estimate for Arqit Quantum's current full-year earnings is ($1.39) per share.

Arqit Quantum Price Performance

NASDAQ ARQQ traded down $0.46 during trading on Monday, hitting $41.27. The company's stock had a trading volume of 948,353 shares, compared to its average volume of 363,116. Arqit Quantum has a fifty-two week low of $3.72 and a fifty-two week high of $52.79. The business's 50 day simple moving average is $33.77 and its 200-day simple moving average is $26.20.

Institutional Investors Weigh In On Arqit Quantum

A number of institutional investors and hedge funds have recently modified their holdings of ARQQ. Allworth Financial LP raised its position in Arqit Quantum by 53.8% during 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. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Arqit Quantum during the first quarter valued at approximately $40,000. Quantbot Technologies LP purchased a new position in Arqit Quantum during the second quarter valued at approximately $122,000. Hussman Strategic Advisors Inc. purchased a new position in Arqit Quantum during the first quarter valued at approximately $146,000. Finally, 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. 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.