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0.00263885398341302 0.00527770796682586 0.00778838904247314 0.0113093742146269 0.00527770796682586 -0.00226187484292527 -0.00954259864287509 -0.0038954511183713
Stock impact report

Don't Be Too Hopeful About Arqit Quantum [Seeking Alpha]

Arqit Quantum Inc. (ARQQ) 
Company Research Source: Seeking Alpha
ARQQ's valuation is extremely stretched, trading at massive premiums to sector peers despite lacking meaningful revenue growth and profitability. Quantum computing stocks have outperformed the market, fueled by government contracts and policy speculation, but most commercialization strategies remain unproven. I maintain a bearish rating on ARQQ, recommending traders take profits and long-term investors avoid the stock due to high volatility and uncertain outlook. I hereon share my sentiment on ARQQ stock and why I see more downside ahead. Fahroni/iStock via Getty Images Arqit Quantum Inc. ( NASDAQ: ARQQ ) closed up over 11.58% on Friday. I'm advising investors not to get too carried away and bag gains before the dip, with the stock down around 3% in pre-market trading on Monday. This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within Show less Read more
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