Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report) shares rose 11.8% on Thursday . The stock traded as high as $33.74 and last traded at $32.57. Approximately 531,072 shares traded hands during trading, an increase of 181% from the average daily volume of 188,885 shares. The stock had previously closed at $29.13.
Analysts Set New Price Targets
Separately, HC Wainwright lifted their target price on shares of Arqit Quantum from $22.00 to $27.00 and gave the company a "buy" rating in a report on Friday, December 6th.
View Our Latest Analysis on Arqit Quantum
Arqit Quantum Trading Up 50.5 %
The company's fifty day simple moving average is $15.50 and its two-hundred day simple moving average is $10.39.
Institutional Investors Weigh In On Arqit Quantum
An institutional investor recently bought a new position in Arqit Quantum stock. Cowen AND Company LLC purchased a new stake in Arqit Quantum Inc. (NASDAQ:ARQQ - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 100,000 shares of the company's stock, valued at approximately $34,000. Cowen AND Company LLC owned about 0.06% of Arqit Quantum as of its most recent SEC filing. 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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