Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report)'s stock price shot up 7.7% during mid-day trading on Tuesday . The company traded as high as $20.06 and last traded at $18.06. 429,963 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 901,885 shares. The stock had previously closed at $16.77.
Analyst Upgrades and Downgrades
Separately, HC Wainwright increased their target price on 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 Analysis on ARQQ
Arqit Quantum Stock Up 7.6 %
The business's fifty day moving average price is $22.76 and its two-hundred day moving average price is $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.
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