Arqit Quantum Inc. (ARQQ)
NASDAQ: ARQQ · IEX Real-Time Price · USD
0.388
+0.035 (10.02%)
At close: Jul 19, 2024, 4:00 PM
0.400
+0.012 (3.12%)
Pre-market: Jul 22, 2024, 7:15 AM EDT
Arqit Quantum Stock Forecast
ARQQ's stock price has decreased by -69.95% in the past year and price targets may not have had time to catch up.
Stock Price Forecast
The 1 analyst with a 12-month price forecast for Arqit Quantum stock has a target of 2.00, which predicts an increase of 415.86% from the current stock price of 0.39.
Analyst Consensus: Strong Buy
Analyst Ratings
According to 1 stock analyst, the rating for Arqit Quantum is "Strong Buy". This means that the analyst believes this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 1 | 1 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 1 | 1 | 1 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $2 | Strong Buy | Reiterates | $2 | +415.86% | Jul 11, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $2 | Strong Buy | Reiterates | $2 | +415.86% | May 29, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $3 → $2 | Strong Buy | Maintains | $3 → $2 | +415.86% | May 15, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $4 → $3 | Strong Buy | Maintains | $4 → $3 | +673.79% | Nov 22, 2023 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $6 → $4 | Strong Buy | Maintains | $6 → $4 | +931.73% | Sep 27, 2023 |
Financial Forecast
Revenue This Year
2.83M
from 640.00K
Increased by 341.56%
Revenue Next Year
10.60M
from 2.83M
Increased by 274.91%
EPS This Year
-0.17
from -0.56
EPS Next Year
-0.08
from -0.17
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 2.9M | 10.9M |
| Avg | 2.8M | 10.6M |
| Low | 2.7M | 10.2M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 354.7% | 285.9% |
| Avg | 341.6% | 274.9% |
| Low | 324.4% | 260.2% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | -0.18 | -0.08 |
| Avg | -0.17 | -0.08 |
| Low | -0.17 | -0.08 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | - | - |
| Avg | - | - |
| Low | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.