HC Wainwright Comments on Arqit Quantum FY2027 Earnings

Arqit Quantum Inc. (NASDAQ:ARQQ) – Research analysts at HC Wainwright issued their FY2027 earnings per share estimates for shares of Arqit Quantum in a research note issued to investors on Thursday, December 18th. HC Wainwright analyst S. Buck anticipates that the company will post earnings per share of ($1.06) for the year. HC Wainwright has a “Buy” rating on the stock. The consensus estimate for Arqit Quantum’s current full-year earnings is ($1.39) per share.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Arqit Quantum in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Arqit Quantum currently has a consensus rating of “Hold” and an average target price of $60.00.

Arqit Quantum Stock Up 6.5%

Shares of NASDAQ ARQQ opened at $25.49 on Friday. The stock’s fifty day moving average price is $33.40 and its two-hundred day moving average price is $34.64. Arqit Quantum has a one year low of $11.00 and a one year high of $62.00.

Institutional Investors Weigh In On Arqit Quantum

A number of large investors have recently bought and sold shares of ARQQ. Legal & General Group Plc bought a new stake in Arqit Quantum during the second quarter worth $2,687,000. Biltmore Family Office LLC acquired a new position in shares of Arqit Quantum during the 2nd quarter worth $253,000. Penserra Capital Management LLC bought a new stake in shares of Arqit Quantum during the 2nd quarter worth $26,376,000. Global Retirement Partners LLC bought a new stake in shares of Arqit Quantum during the 2nd quarter worth $222,000. Finally, SBI Securities Co. Ltd. boosted its stake in Arqit Quantum by 17.5% in the second quarter. SBI Securities Co. Ltd. now owns 36,590 shares of the company’s stock valued at $1,355,000 after buying an additional 5,445 shares in the last quarter. 16.60% of the stock is currently owned by institutional investors and hedge funds.

About Arqit Quantum

Arqit Quantum Inc is a UK‐based cybersecurity company specializing in quantum-safe encryption solutions designed to protect sensitive data from current and emerging cyber threats. The company’s core technology leverages principles of quantum physics to generate and distribute encryption keys in a way that remains impervious to attacks, including those enabled by future quantum computers. Arqit’s platform is designed to integrate with existing IT infrastructures without requiring hardware upgrades, offering end‐to‐end data protection for enterprises, governments and critical infrastructure providers.

The company’s flagship QuantumCloud platform uses a patented key distribution architecture to deliver symmetrical keys to endpoints across distributed networks.