Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report)'s stock price was up 1.2% during mid-day trading on Monday . The company traded as high as $31.80 and last traded at $30.88. Approximately 651,115 shares were traded during trading, an increase of 254% from the average daily volume of 183,998 shares. The stock had previously closed at $30.50.
Analyst Upgrades and Downgrades
Separately, HC Wainwright increased their target price on shares of Arqit Quantum from $22.00 to $27.00 and gave the stock a "buy" rating in a research report on Friday, December 6th.
Check Out Our Latest Stock Analysis on ARQQ
Arqit Quantum Stock Up 1.4 %
The stock's 50 day moving average price is $14.56 and its 200 day moving average price is $10.12.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Arqit Quantum stock. Cowen AND Company LLC acquired a new stake in Arqit Quantum Inc. (NASDAQ:ARQQ - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 100,000 shares of the company's stock, valued at approximately $34,000. Cowen AND Company LLC owned about 0.06% of Arqit Quantum at the end of the most recent reporting period. 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.
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