Shares of Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report) were down 16.1% on Monday . The stock traded as low as $17.80 and last traded at $18.40. Approximately 440,597 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 884,158 shares. The stock had previously closed at $21.92.
Analyst Ratings Changes
Separately, HC Wainwright lifted their target price on Arqit Quantum from $27.00 to $52.00 and gave the stock a "buy" rating in a research note on Tuesday, December 31st.
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Arqit Quantum Stock Performance
The stock's 50-day moving average price is $23.00 and its two-hundred day moving average price is $12.83.
About Arqit Quantum
(
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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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