Shares of Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 50,184 shares changed hands during mid-day trading, a decline of 9% from the previous session's volume of 54,981 shares.The stock last traded at $5.60 and had previously closed at $4.83.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright reaffirmed a "buy" rating and issued a $2.00 price target on shares of Arqit Quantum in a research report on Thursday, July 11th.
Check Out Our Latest Analysis on Arqit Quantum
Arqit Quantum Price Performance
The company's 50-day moving average is $1.56 and its two-hundred day moving average is $0.81.
Hedge Funds Weigh In On Arqit Quantum
An institutional investor recently bought a new position in Arqit Quantum stock. Cowen AND Company LLC bought a new position in shares of Arqit Quantum Inc. (NASDAQ:ARQQ - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 100,000 shares of the company's stock, valued at approximately $34,000. Cowen AND Company LLC owned approximately 0.06% of Arqit Quantum as of its most recent SEC filing. 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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