NasdaqCM:ARQQSoftware
Arqit Quantum (ARQQ) Stock Looks Expensive Even After Its $7 Million Legal Settlement
Arqit Quantum (NasdaqCM:ARQQ) has agreed to a US$7 million settlement resolving all U.S. securities class actions, closing multi year disputes over alleged misstatements about its quantum encryption technology and revenue sources.
See our latest analysis for Arqit Quantum.
The recent 7 day share price return of 79.3%, including a 7.9% move in the last session to US$24.38, suggests momentum has picked up quickly, even though the 1 year total shareholder return is still down 41.5% and the 5...