Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report)'s stock price traded down 0.3% on Friday . The company traded as low as $38.23 and last traded at $43.68. Approximately 1,587,400 shares changed hands during trading, an increase of 697% from the average session volume of 199,137 shares. The stock had previously closed at $43.83.
Wall Street Analyst Weigh In
Separately, HC Wainwright lifted their price objective on Arqit Quantum from $22.00 to $27.00 and gave the company a "buy" rating in a research note on Friday, December 6th.
Get Our Latest Analysis on Arqit Quantum
Arqit Quantum Trading Down 2.6 %
The stock's 50 day simple moving average is $16.25 and its 200 day simple moving average is $10.62.
Institutional Trading of Arqit Quantum
An institutional investor recently bought a new position in Arqit Quantum stock. Cowen AND Company LLC bought a new stake in shares of Arqit Quantum Inc. (NASDAQ:ARQQ - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 100,000 shares of the company's stock, valued at approximately $34,000. Cowen AND Company LLC owned about 0.06% of Arqit Quantum at the end of the most recent quarter. Institutional investors own 16.60% of the company's stock.
Arqit Quantum Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Arqit Quantum, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Arqit Quantum wasn't on the list.
While Arqit Quantum currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
