Shares of Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report) were up 34.5% during mid-day trading on Thursday . The stock traded as high as $31.79 and last traded at $27.70. Approximately 2,734,999 shares changed hands during trading, an increase of 140% from the average daily volume of 1,137,375 shares. The stock had previously closed at $20.59.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright upped their target price on Arqit Quantum from $27.00 to $52.00 and gave the stock a "buy" rating in a report on Tuesday, December 31st.
Read Our Latest Research Report on ARQQ
Arqit Quantum Trading Down 5.3 %
The firm has a fifty day moving average price of $24.09 and a 200 day moving average price of $13.16.
Hedge Funds Weigh In On Arqit Quantum
A hedge fund recently bought a new stake in Arqit Quantum stock. Veracity Capital LLC purchased a new stake in Arqit Quantum Inc. (NASDAQ:ARQQ - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,804 shares of the company's stock, valued at approximately $420,000. Veracity Capital LLC owned about 0.09% of Arqit Quantum as of its most recent filing with the Securities and Exchange Commission (SEC). 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.
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