Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report)'s stock price traded up 8.5% during mid-day trading on Monday . The company traded as high as $7.77 and last traded at $7.77. 51,633 shares were traded during trading, a decline of 20% from the average session volume of 64,227 shares. The stock had previously closed at $7.16.
Wall Street Analyst Weigh In
Separately, HC Wainwright reissued a "buy" rating and issued a $50.00 target price on shares of Arqit Quantum in a research note on Thursday, July 11th.
Read Our Latest Stock Report on ARQQ
Arqit Quantum Stock Performance
The business has a 50 day moving average price of $6.57 and a two-hundred day moving average price of $8.55.
Institutional Investors Weigh In On Arqit Quantum
A hedge fund recently bought a new stake in Arqit Quantum stock. Cowen AND Company LLC bought a new position in shares of Arqit Quantum Inc. (NASDAQ:ARQQ - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 100,000 shares of the company's stock, valued at approximately $34,000. Cowen AND Company LLC owned 0.06% of Arqit Quantum at the end of the most recent quarter. Hedge funds and other institutional investors own 16.60% of the company's stock.
About Arqit Quantum
(
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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