HC Wainwright Forecasts Stronger Earnings for Arqit Quantum

Arqit Quantum Inc. (NASDAQ:ARQQ) – Research analysts at HC Wainwright boosted their FY2025 earnings per share (EPS) estimates for Arqit Quantum in a research report issued to clients and investors on Monday, October 13th. HC Wainwright analyst S. Buck now anticipates that the company will earn ($2.55) per share for the year, up from their prior forecast of ($3.27). HC Wainwright currently has a “Buy” rating and a $60.00 price objective on the stock. The consensus estimate for Arqit Quantum’s current full-year earnings is ($1.39) per share. HC Wainwright also issued estimates for Arqit Quantum’s FY2026 earnings at ($1.65) EPS.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Arqit Quantum in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Arqit Quantum presently has a consensus rating of “Hold” and an average price target of $60.00.

Arqit Quantum Price Performance

Shares of Arqit Quantum stock opened at $53.47 on Wednesday. The business has a 50 day simple moving average of $37.08 and a two-hundred day simple moving average of $29.68. Arqit Quantum has a 12 month low of $4.82 and a 12 month high of $62.00.

Institutional Investors Weigh In On Arqit Quantum

Large investors have recently made changes to their positions in the stock. Allworth Financial LP grew its position in Arqit Quantum by 53.8% in the second quarter. Allworth Financial LP now owns 1,000 shares of the company’s stock worth $37,000 after acquiring an additional 350 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Arqit Quantum in the first quarter worth approximately $40,000. Quantbot Technologies LP purchased a new position in Arqit Quantum in the second quarter worth approximately $122,000. Hussman Strategic Advisors Inc. purchased a new position in Arqit Quantum in the first quarter worth approximately $146,000. Finally, Global Retirement Partners LLC purchased a new position in Arqit Quantum in the second quarter worth approximately $222,000. 16.60% of the stock is currently owned by hedge funds and other institutional investors.

Arqit Quantum Company Profile

Arqit Quantum Inc provides cybersecurity services through satellite and terrestrial platforms in the United Kingdom. It offers QuantumCloud, a Platform as a Service that creates unbreakable software encryption keys. The company also provides maintenance and support, and professional services. Arqit Quantum Inc is based in London, the United Kingdom.