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.
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.
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.
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.