With 0.89 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.07 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $0.5900 whereas the lowest price it dropped to was $0.5500. The 52-week range on ARQQ shows that it touched its highest point at $8.66 and its lowest point at $0.39 during that stretch. It currently has a 1-year price target of $4.00. Beta for the stock currently stands at 0.97.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ARQQ was up-trending over the past week, with a rise of 9.80%, but this was up by 20.40% over a month. Three-month performance dropped to -42.92% while six-month performance fell -38.44%. The stock lost -92.68% in the past year, while it has lost -84.76% so far this year. A look at the trailing 12-month EPS for ARQQ yields -0.13 with Next year EPS estimates of -0.09. For the next quarter, that number is -0.14. This implies an EPS growth rate of -284.81% for this year and 70.97% for next year.
Float and Shares Shorts:
At present, 121.93 million ARQQ shares are outstanding with a float of 49.25 million shares on hand for trading. On Oct 30, 2023, short shares totaled 0.95 million, which was 0.58% higher than short shares on Sep 28, 2023. In addition to Mr. David John Williams Esq. as the firm’s Founder, Executive Chairman & CEO, Mr. David James Bestwick Esq. serves as its CTO & Co-Founder.
Institutional Ownership:
Through their ownership of 12.08% of ARQQ’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 3.47% of ARQQ, in contrast to 2.47% held by mutual funds. As the largest shareholder in ARQQ with 1.82% of the stake, Armistice Capital LLC holds 2,980,000 shares worth 2,980,000. A second-largest stockholder of ARQQ, Penserra Capital Management LLC, holds 2,220,814 shares, controlling over 1.36% of the firm’s shares. Global X Management Co. LLC is the third largest shareholder in ARQQ, holding 1,435,608 shares or 0.88% stake. With a 1.32% stake in ARQQ, the Defiance Quantum ETF is the largest stakeholder. A total of 2,165,172 shares are owned by the mutual fund manager. The Global X Cyber Security ETF, which owns about 0.87% of ARQQ stock, is the second-largest Mutual Fund holder. It holds 1,421,406 shares valued at 0.62 million. Managed Profit Plus holds 0.76% of the stake in ARQQ, owning 1,250,000 shares worth 0.55 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ARQQ since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ARQQ analysts setting a high price target of $4.00 and a low target of $4.00, the average target price over the next 12 months is $4.00. Based on these targets, ARQQ could surge 627.27% to reach the target high and rise by 627.27% to reach the target low. Reaching the average price target will result in a growth of 627.27% from current levels.
