Shares of Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report) were down 1% during mid-day trading on Friday . The stock traded as low as $21.90 and last traded at $24.36. Approximately 426,873 shares were traded during trading, a decline of 52% from the average daily volume of 888,906 shares. The stock had previously closed at $24.61.
Wall Street Analyst Weigh In
Separately, HC Wainwright boosted their price objective on Arqit Quantum from $27.00 to $52.00 and gave the stock a "buy" rating in a report on Tuesday, December 31st.
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Arqit Quantum Stock Down 10.9 %
The business has a fifty day simple moving average of $22.21 and a 200 day simple moving average of $12.54.
Arqit Quantum Company Profile
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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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