Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report)'s share price was up 34.5% on Thursday . The stock traded as high as $31.79 and last traded at $27.70. Approximately 2,734,999 shares were traded during mid-day trading, an increase of 140% from the average daily volume of 1,137,375 shares. The stock had previously closed at $20.59.
Analyst Ratings Changes
Separately, HC Wainwright raised their price objective on Arqit Quantum from $27.00 to $52.00 and gave the company a "buy" rating in a research note on Tuesday, December 31st.
Check Out Our Latest Analysis on Arqit Quantum
Arqit Quantum Price Performance
The stock has a 50 day simple moving average of $23.30 and a 200 day simple moving average of $12.89.
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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