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NASDAQ:ARQQ

Arqit Quantum (ARQQ) Stock Price, News & Analysis

$0.49
0.00 (-0.66%)
(As of 01:45 PM ET)
Today's Range
$0.48
$0.50
50-Day Range
$0.50
$0.85
52-Week Range
$0.39
$1.65
Volume
144,147 shs
Average Volume
939,052 shs
Market Capitalization
$80.74 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$2.25

Arqit Quantum MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
355.7% Upside
$2.25 Price Target
Short Interest
Bearish
9.36% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.65 out of 5 stars

Business Services Sector

287th out of 304 stocks

Prepackaged Software Industry

185th out of 198 stocks

ARQQ stock logo

About Arqit Quantum Stock (NASDAQ:ARQQ)

Arqit Quantum Inc. is a leading provider of quantum cryptography solutions, delivering end-to-end security for data transmission in industries such as financial services, telecommunications, and government. The company was founded in 2017 and is headquartered in London, UK. Arqit Quantum's mission is to provide unbreakable security for data communication by leveraging the power of quantum computing.

Arqit Quantum offers a unique quantum encryption solution called QuantumCloud™, designed to protect data from interception and decryption by unauthorized parties. QuantumCloud™ operates on a subscription basis, allowing customers to securely store and distribute cryptographic keys in a way resistant to hacking attempts. Arqit Quantum's target market includes high-security organizations that handle sensitive information, such as governments, financial institutions, and telecommunication companies.

The company received several awards for its innovative solution, including the Most Disruptive Technology Award at the 2019 Fintech Innovation Awards and the UK Space Agency's Pioneer Award in 2020. Arqit Quantum has also formed strategic partnerships with industry leaders such as Northrop Grumman and BT Group.

A team of experienced executives with deep expertise in cryptography, cybersecurity, and technology leads Arqit Quantum. The company's co-founder and Chief Executive Officer, David Williams, has over 30 years of experience in telecommunications and has held senior leadership positions at Vodafone and Orange. 

Arqit Quantum was pre-revenue in 2021 but profitable as of 2022. Having only recently completed its merger with Centricus Acquisition Corp., the company generated its first revenue in 2022 and projected $67 million in 2023, growing to $408 million in 2026. 

The company's price-to-book ratio is higher than the industry average, and the company's price-to-sales ratio is lower than the industry average. These metrics suggest the company is trading at a premium relative to its peers. It is likely driven by its unique quantum encryption solution and the potential for solid revenue growth in the coming years.

Arqit Quantum was founded in 2017 and went public through a merger with Centricus Acquisition Corp. in November 2021, with shares trading under the ticker symbol ARQQ. Since its IPO, the stock has had a volatile performance, as expected with a tech startup. The recent volatility is likely due to a combination of factors, including the broader market sell-off and concerns about the timeline for revenue generation. 

The quantum cryptography industry is poised for rapid growth in the coming years as it is still in its early stages of development. According to MarketBeat research, the global quantum cryptography market is projected to expand from $506 million in 2022 to $1.5 billion by 2026 at a compound annual growth rate (CAGR) of 24%. This industry's growth is driven by an increasing need for secure communication solutions across various sectors, including defense, finance, and healthcare. In addition, the emergence of quantum computing technology and the rise in cyber threats have created a demand for advanced encryption solutions, such as those offered by Arqit Quantum. While the industry is highly competitive, Arqit Quantum's innovative approach to quantum encryption and strategic partnerships with key customers should position the company well for growth in this expanding market.

Arqit Quantum is well-positioned to capitalize on the growing demand for quantum encryption technology. The company's innovative products and services attract large customers, including BT Group, Sumitomo Corporation, and SK Telecom. These partnerships have helped Arqit Quantum establish itself as a leader in quantum encryption.

In addition to its existing partnerships, Arqit Quantum is exploring new growth opportunities through strategic acquisitions and partnerships. In September 2021, the company announced its intention to merge with Centricus Acquisition Corp (NASDAQ: CENH), a SPAC focused on technology investments. The merger provided Arqit Quantum with approximately $400 million in gross proceeds, reportedly used to accelerate the development and commercialization of its products and services.

Arqit Quantum is also exploring opportunities to expand its offerings into new markets. In June 2021, the company partnered with 8 Rivers Networks, an advanced carbon capture solutions provider. The partnership will focus on developing a secure communication system for carbon capture and storage facilities, which are expected to be increasingly crucial in transitioning to a low-carbon economy.

As a relatively new company, Arqit Quantum faces several risks and challenges. The company operates in a highly competitive market, with IBM, Microsoft, and Google investing heavily in quantum encryption technology. To remain competitive, Arqit Quantum will need to continue to innovate and develop new products and services that differentiate it from its competitors.

Another challenge facing Arqit Quantum is regulatory and political risk. The company operates in a highly regulated industry, and changes in regulations or government policies could significantly impact its business. For example, the ban on Huawei by the US government could limit Arqit Quantum's ability to enter into partnerships with Chinese companies.

Arqit Quantum faces the risk of market adoption. While the demand for quantum encryption technology is growing, it is still a relatively new and untested market. The company will need to convince customers of the benefits of its products and services and overcome any potential skepticism about the effectiveness of quantum encryption.

ARQQ Stock Price History

ARQQ Stock News Headlines

Arqit founders to buy shares
Arqit clarifies certain Form 144 filings
Uncover this 2024 Hidden Gem
Exclusive Report: Uncover a Hidden Investment Gem We’re excited to share a special report on one exceptional, publicly traded company. This company has achieved a remarkable 22+% just this year, outperforming the market and revealing the potential for significant gains.
ARQQ Oct 2024 2.000 put
Uncover this 2024 Hidden Gem
Exclusive Report: Uncover a Hidden Investment Gem We’re excited to share a special report on one exceptional, publicly traded company. This company has achieved a remarkable 22+% just this year, outperforming the market and revealing the potential for significant gains.
ARQQ Arqit Quantum Inc.
3 Very Oversold Quantum Computing Stocks to Buy Right Now
See More Headlines
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Company Calendar

Today
4/19/2024
Next Earnings (Estimated)
5/15/2024
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:ARQQ
Fax
N/A
Employees
147
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$2.25
High Stock Price Target
$3.00
Low Stock Price Target
$1.50
Potential Upside/Downside
+352.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$640,000.00
Book Value
$0.41 per share

Miscellaneous

Free Float
74,254,000
Market Cap
$81.28 million
Optionable
Optionable
Beta
1.15
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Key Executives

  • Mr. David John Williams Esq. (Age 54)
    Founder, Executive Chairman & CEO
  • Mr. David James Bestwick Esq. (Age 58)
    Co-Founder & CTO
  • Dr. Geoffrey Taylor
    Advisor & Co-Founder
  • Dr. Barry Childe
    Co-Founder & CIO
  • Mr. Nicholas Pointon (Age 54)
    CFO & Executive Director
  • Mr. Ben Olivier (Age 62)
    Managing Director of Operations
  • Mr. Patrick Willcocks (Age 56)
    General Counsel & Corporate Secretary
  • Mr. Paul Feenan (Age 50)
    Chief Revenue Officer
  • Dr. Daniel Shiu (Age 54)
    Chief Cryptographer
  • Mr. David Webb
    Chief Software Engineer

ARQQ Stock Analysis - Frequently Asked Questions

Should I buy or sell Arqit Quantum stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Arqit Quantum in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" ARQQ shares.
View ARQQ analyst ratings
or view top-rated stocks.

What is Arqit Quantum's stock price target for 2024?

1 brokerages have issued 1 year price targets for Arqit Quantum's stock. Their ARQQ share price targets range from $1.50 to $3.00. On average, they expect the company's share price to reach $2.25 in the next twelve months. This suggests a possible upside of 355.7% from the stock's current price.
View analysts price targets for ARQQ
or view top-rated stocks among Wall Street analysts.

How have ARQQ shares performed in 2024?

Arqit Quantum's stock was trading at $0.4740 at the beginning of the year. Since then, ARQQ stock has increased by 4.2% and is now trading at $0.4937.
View the best growth stocks for 2024 here
.

When is Arqit Quantum's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 15th 2024.
View our ARQQ earnings forecast
.

What ETFs hold Arqit Quantum's stock?

ETFs with the largest weight of Arqit Quantum (NASDAQ:ARQQ) stock in their portfolio include Global X Cybersecurity ETF (BUG) and Gen Z ETF (ZGEN).Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO).

How do I buy shares of Arqit Quantum?

Shares of ARQQ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:ARQQ) was last updated on 4/19/2024 by MarketBeat.com Staff

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