Group 1 - Arqit Quantum Inc. (ARQQ) is part of the Computer and Technology sector, which includes 613 stocks and holds a Zacks Sector Rank of 1, indicating strong performance relative to peers [2] - The Zacks Rank system focuses on earnings estimates and revisions, with ARQQ currently holding a Zacks Rank of 2 (Buy), reflecting a positive earnings outlook as the consensus estimate for full-year earnings has increased by 9.5% over the past three months [3] - Year-to-date, ARQQ has returned 27.4%, outperforming the average return of 27.1% for the Computer and Technology sector [4] Group 2 - Arqit Quantum Inc. is categorized under the Internet - Software industry, which consists of 174 companies and ranks 58 in the Zacks Industry Rank, with ARQQ performing better than the industry's average gain of 7.9% this year [5] - In contrast, Dragonfly Energy Holdings Corp. belongs to the Electronics - Miscellaneous Products industry, which has a lower rank of 91 and has increased by 34.3% year to date [6] - Both Arqit Quantum Inc. and Dragonfly Energy Holdings Corp. are showing solid performance, suggesting that they are worth monitoring for investors interested in Computer and Technology stocks [6]
Is ARQIT QUANTUM (ARQQ) Outperforming Other Computer and Technology Stocks This Year?