Arqit Quantum Inc [ARQQ] Stock trading around $18.26 per share: What’s Next?

Arqit Quantum Inc [NASDAQ: ARQQ] stock went on an upward path that rose over 1.73% on Friday, amounting to a one-week price increase of more than 20.05%. The company report on September 15, 2021 that Arqit and Juniper Networks Sign Technology Alliance Partner Connect Agreement.

Partnership will address the quantum security threats to networks.

Arqit Quantum Inc. (“Arqit”), a leader in quantum encryption technology and Juniper Networks, a leader in secure, AI-driven networks, have signed a ‘Technology Alliance Partner Connect’ agreement to explore network security technology that will protect against quantum security threats.

The market cap for the stock reached $2.52 billion, with 43.12 million shares outstanding. Compared to the average trading volume of 706.41K shares, ARQQ stock reached a trading volume of 1898208 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Arqit Quantum Inc [ARQQ]:

The Average True Range (ATR) for Arqit Quantum Inc is set at 2.59 The Price to Book ratio for the last quarter was 2.53, with the Price to Cash per share for the same quarter was set at 0.01.

ARQQ Stock Performance Analysis:

Arqit Quantum Inc [ARQQ] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 20.05.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ARQQ stock in for the last two-week period is set at 76.49, with the RSI for the last a single of trading hit 77.58, and the three-weeks RSI is set at 75.80 for Arqit Quantum Inc [ARQQ]. The present Moving Average for the last 50 days of trading for this stock 10.71, while it was recorded at 15.59 for the last single week of trading.

Insight into Arqit Quantum Inc Fundamentals:

Arqit Quantum Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.60.

Arqit Quantum Inc [ARQQ] Insider Position Details

There are presently around $544 million, or 21.50% of ARQQ stock, in the hands of institutional investors. The top three institutional holders of ARQQ stocks are: CITADEL ADVISORS LLC with ownership of 2,900,235, which is approximately New of the company’s market cap and around 6.15% of the total institutional ownership; ARISTEIA CAPITAL LLC, holding 1,516,900 shares of the stock with an approximate value of $27.7 million in ARQQ stocks shares; and TD ASSET MANAGEMENT INC, currently with $27.39 million in ARQQ stock with ownership of nearly New of the company’s market capitalization.

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66 institutional holders increased their position in Arqit Quantum Inc [NASDAQ:ARQQ] by around 26,220,430 shares. Additionally, 2 investors decreased positions by around 1,697,098 shares, while 5 investors held positions by with 1,866,939 shares. The mentioned changes placed institutional holdings at 29,784,467 shares, according to the latest SEC report filing. ARQQ stock had 61 new institutional investments in for a total of 25,541,275 shares, while 1 institutional investors sold positions of 1,696,798 shares during the same period.

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