Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report)'s stock price traded down 10.3% during trading on Wednesday . The company traded as low as $37.73 and last traded at $38.84. 594,233 shares were traded during mid-day trading, an increase of 186% from the average session volume of 208,079 shares. The stock had previously closed at $43.32.
Analyst Upgrades and Downgrades
Separately, HC Wainwright increased their price objective on shares of Arqit Quantum from $27.00 to $52.00 and gave the stock a "buy" rating in a research report on Tuesday.
Get Our Latest Research Report on ARQQ
Arqit Quantum Price Performance
The business has a 50 day moving average price of $18.97 and a 200-day moving average price of $11.51.
Institutional Trading of Arqit Quantum
A hedge fund recently bought a new stake in Arqit Quantum stock. Cowen AND Company LLC purchased a new position in Arqit Quantum Inc. (NASDAQ:ARQQ - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 100,000 shares of the company's stock, valued at approximately $34,000. Cowen AND Company LLC owned 0.06% of Arqit Quantum at the end of the most recent quarter. Hedge funds and other 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.
Featured Articles
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
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
