Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report)'s stock price traded down 34.8% during mid-day trading on Wednesday . The company traded as low as $21.88 and last traded at $23.27. 939,625 shares changed hands during trading, an increase of 9% from the average session volume of 861,583 shares. The stock had previously closed at $35.70.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright upped their target price 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.
Read Our Latest Stock Report on Arqit Quantum
Arqit Quantum Price Performance
The company's fifty day moving average is $21.45 and its two-hundred day moving average is $12.37.
Hedge Funds Weigh In On Arqit Quantum
A hedge fund recently bought a new stake in Arqit Quantum stock. Cowen AND Company LLC acquired a new position in shares of Arqit Quantum Inc. (NASDAQ:ARQQ - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission. 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.
Read More
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
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
