Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report)'s stock price was down 3.3% on Tuesday . The stock traded as low as $26.10 and last traded at $29.92. Approximately 369,220 shares were traded during trading, an increase of 98% from the average daily volume of 186,470 shares. The stock had previously closed at $30.93.
Analyst Upgrades and Downgrades
Separately, HC Wainwright raised their target price on shares of Arqit Quantum from $22.00 to $27.00 and gave the stock a "buy" rating in a report on Friday, December 6th.
Check Out Our Latest Stock Analysis on ARQQ
Arqit Quantum Trading Down 5.8 %
The business has a 50-day moving average price of $14.56 and a 200-day moving average price of $10.12.
Hedge Funds Weigh In On Arqit Quantum
An institutional investor recently bought a new position in Arqit Quantum stock. Cowen AND Company LLC acquired a new position in Arqit Quantum Inc. (NASDAQ:ARQQ - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 100,000 shares of the company's stock, valued at approximately $34,000. Cowen AND Company LLC owned approximately 0.06% of Arqit Quantum at the end of the most recent quarter. 16.60% of the stock is owned by institutional investors.
About Arqit Quantum
(
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.
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