Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report)'s share price fell 16.1% during mid-day trading on Monday . The company traded as low as $17.80 and last traded at $18.40. 440,597 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 884,158 shares. The stock had previously closed at $21.92.
Wall Street Analyst Weigh In
Separately, HC Wainwright boosted their price objective on shares of Arqit Quantum from $27.00 to $52.00 and gave the company a "buy" rating in a research report on Tuesday, December 31st.
Check Out Our Latest Stock Analysis on ARQQ
Arqit Quantum Stock Performance
The company has a 50 day moving average price of $22.76 and a 200-day moving average price of $12.76.
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.
Further Reading
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 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
