Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report) was up 0.9% on Monday . The stock traded as high as $15.72 and last traded at $15.29. Approximately 184,012 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 374,037 shares. The stock had previously closed at $15.15.
Analyst Ratings Changes
Separately, HC Wainwright lifted 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.
Check Out Our Latest Research Report on ARQQ
Arqit Quantum Price Performance
The firm has a 50 day moving average price of $14.65 and a 200-day moving average price of $17.86.
Hedge Funds Weigh In On Arqit Quantum
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Veracity Capital LLC purchased a new position in shares of Arqit Quantum in the 4th quarter valued at about $420,000. SBI Securities Co. Ltd. purchased a new position in shares of Arqit Quantum in the 4th quarter valued at about $937,000. CIBC Private Wealth Group LLC purchased a new position in shares of Arqit Quantum in the 4th quarter valued at about $388,000. BIT Capital GmbH purchased a new position in shares of Arqit Quantum in the 4th quarter valued at about $207,000. Finally, Virtu Financial LLC purchased a new position in shares of Arqit Quantum in the 4th quarter valued at about $231,000. 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.
Further Reading
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