Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report) shares traded down 5.5% during trading on Tuesday . The company traded as low as $40.76 and last traded at $40.92. 263,201 shares traded hands during trading, an increase of 27% from the average session volume of 206,637 shares. The stock had previously closed at $43.32.
Wall Street Analyst Weigh In
Separately, HC Wainwright upped their target price on Arqit Quantum from $27.00 to $52.00 and gave the company a "buy" rating in a report on Tuesday.
Check Out Our Latest Stock Analysis on Arqit Quantum
Arqit Quantum Trading Down 10.3 %
The company's fifty day simple moving average is $18.34 and its two-hundred day simple moving average is $11.31.
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) during the second quarter, according to the company in its most recent filing with the 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 as of its most recent filing with the SEC. 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.
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