Based on ratings from 0 stock analysts, the Arqit Quantum Inc. stock price is expected to increase by 600.7% in 12 months. This is calculated by using the average 12-month stock price forecast for Arqit Quantum Inc.. The lowest target is $50 and the highest is $230. Please note analyst price targets are not guaranteed and could be missed completely.
ARQQ is a stock in Technology which has been forecasted to be worth $140 as an average. On the higher end, the forecast price is $230 USD by from and on the lower end ARQQ is forecasted to be $50 by from .
These are the latest 20 analyst ratings of ARQQ.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Scott Buck HC Wainwright & Co. | Buy | $2 | Reiterates | Jul 11, 2024 |
Scott Buck HC Wainwright & Co. | Buy | $2 | Reiterates | May 29, 2024 |
Scott Buck HC Wainwright & Co. | Buy | $2 | Maintains | May 15, 2024 |
Scott Buck HC Wainwright & Co. | Buy | $3 | Maintains | Nov 22, 2023 |
Scott Buck HC Wainwright & Co. | Buy | $4 | Maintains | Sep 27, 2023 |
Deutsche Bank | Hold | Maintains | May 31, 2023 | |
Jamie Shelton Deutsche Bank | Hold | $1.5 | Maintains | May 18, 2023 |
Scott Buck HC Wainwright & Co. | Buy | $6 | Maintains | May 18, 2023 |
Scott Buck HC Wainwright & Co. | Buy | $10 | Reiterates | Mar 20, 2023 |
Scott Buck HC Wainwright & Co. | Buy | $10 | Maintains | Feb 22, 2023 |
Deutsche Bank | Hold | Maintains | Jan 17, 2023 | |
Scott Buck HC Wainwright & Co. | Buy | $14 | Maintains | Dec 22, 2022 |
Jamie Shelton Deutsche Bank | Hold | $7 | Initiates | Jul 19, 2022 |
HC Wainwright & Co. | Buy | Initiates | Apr 26, 2022 |
When did it IPO
2021
Staff Count
147
Country
United Kingdom
Sector/Industry
Technology/Software - Infrastructure
CEO
Mr. Andrew J. Leaver
Market Cap
$136.4M
In 2023, ARQQ generated $640,000 in revenue, which was a decrease of -91.13% from the previous year. This can be seen as a signal that ARQQ's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Arqit Quantum Inc. will report its fiscal year 2024 financial results on December 5, 2024.
Why It Matters - Arqit's financial results will reveal performance metrics and future outlook, influencing stock valuation and investor sentiment in the quantum encryption sector.
Summary - Arqit Quantum Inc. has agreed to sell 5,440,000 ordinary shares at $2.50 each in a registered direct offering to existing shareholders, including directors and investment firms.
Why It Matters - Arqit Quantum's direct offering of shares at $2.50 indicates confidence from existing shareholders, potentially signaling growth and stability in the quantum encryption sector.
Summary - Arqit Quantum Inc. has appointed Andy Leaver as CEO, succeeding David Williams. This leadership change aligns with the company's shift towards revenue and operational growth.
Why It Matters - Leadership changes often signal shifts in company strategy and direction, impacting investor confidence. A focus on growth can indicate potential for increased revenue and stock performance.
Summary - Arqit Quantum Inc. (Nasdaq: ARQQ) will execute a 25:1 reverse share split following shareholder approval on September 18, 2024, reducing ordinary shares significantly.
Why It Matters - A 25:1 reverse stock split often signals a company's strategy to enhance its share price and attract institutional investors, affecting liquidity and market perception.
Summary - Sparkle's successful proof of concept for its Network as a Service (NaaS) positions the company for a commercial launch by year-end 2023.
Why It Matters - Sparkle's successful proof of concept for its NaaS indicates strong potential for revenue growth and market entry, which could drive stock performance and investor interest.
Summary - Arqit Quantum Inc. (NASDAQ:ARQQ) held its Q2 2024 earnings call on May 20, 2024, featuring CEO David Williams and CFO Nick Pointon.
Why It Matters - Arqit Quantum's Q2 2024 earnings call indicates potential insights into financial performance and strategic direction, impacting stock valuation and investor sentiment.