Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report) shares dropped 3.9% on Monday . The company traded as low as $35.14 and last traded at $41.01. Approximately 452,703 shares were traded during mid-day trading, an increase of 123% from the average daily volume of 203,248 shares. The stock had previously closed at $42.69.
Analysts Set New Price Targets
Separately, HC Wainwright lifted their price objective on Arqit Quantum from $22.00 to $27.00 and gave the stock a "buy" rating in a report on Friday, December 6th.
View Our Latest Report on ARQQ
Arqit Quantum Stock Up 1.5 %
The firm's 50-day moving average is $17.71 and its 200 day moving average is $11.11.
Institutional Trading of Arqit Quantum
A hedge fund recently bought a new stake in Arqit Quantum stock. Cowen AND Company LLC bought a new stake in Arqit Quantum Inc. (NASDAQ:ARQQ - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 100,000 shares of the company's stock, valued at approximately $34,000. Cowen AND Company LLC owned approximately 0.06% of Arqit Quantum as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds 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
Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
