Shares of Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report) were down 5% during mid-day trading on Friday . The company traded as low as $7.03 and last traded at $7.03. Approximately 99,916 shares were traded during mid-day trading, an increase of 56% from the average daily volume of 64,017 shares. The stock had previously closed at $7.40.
Analyst Ratings Changes
Separately, HC Wainwright reiterated a "buy" rating and issued a $50.00 target price on shares of Arqit Quantum in a research report on Thursday, July 11th.
View Our Latest Research Report on Arqit Quantum
Arqit Quantum Price Performance
The business's 50-day simple moving average is $6.57 and its 200-day simple moving average is $8.63.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Arqit Quantum stock. Cowen AND Company LLC purchased a new stake in shares of Arqit Quantum Inc. (NASDAQ:ARQQ - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 100,000 shares of the company's stock, valued at approximately $34,000. Cowen AND Company LLC owned approximately 0.06% of Arqit Quantum at the end of the most recent quarter. 16.60% of the stock is currently owned by institutional investors and hedge funds.
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.
Featured Articles
Before you consider Arqit Quantum, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Arqit Quantum wasn't on the list.
While Arqit Quantum currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
