Shares of Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $42.69, but opened at $39.98. Arqit Quantum shares last traded at $41.53, with a volume of 445,527 shares trading hands.
Wall Street Analyst Weigh In
Separately, HC Wainwright boosted their target price on Arqit Quantum from $22.00 to $27.00 and gave the company a "buy" rating in a report on Friday, December 6th.
Read Our Latest Research Report on ARQQ
Arqit Quantum Stock Up 1.5 %
The company's fifty day moving average price is $17.71 and its two-hundred day moving average price is $11.11.
Institutional Investors Weigh In On Arqit Quantum
An institutional investor recently bought a new position in Arqit Quantum stock. Cowen AND Company LLC purchased a new stake in Arqit Quantum Inc. (NASDAQ:ARQQ - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 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 reporting period. 16.60% of the stock is owned by institutional investors and hedge funds.
About Arqit Quantum
(
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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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