Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report) was the target of unusually large options trading activity on Monday. Traders bought 2,702 call options on the stock. This represents an increase of approximately 453% compared to the typical volume of 489 call options.
Arqit Quantum Stock Down 1.3 %
Shares of ARQQ stock traded down $0.24 during trading hours on Friday, reaching $17.73. 347,699 shares of the stock were exchanged, compared to its average volume of 349,798. The business's fifty day moving average is $18.59 and its two-hundred day moving average is $16.02. Arqit Quantum has a 12-month low of $3.72 and a 12-month high of $52.79.
Wall Street Analyst Weigh In
Separately, HC Wainwright lifted their target price on Arqit Quantum from $27.00 to $52.00 and gave the company a "buy" rating in a report on Tuesday, December 31st.
Read Our Latest Analysis on ARQQ
Institutional Investors Weigh In On Arqit Quantum
A number of large investors have recently modified their holdings of ARQQ. Quarry LP purchased a new stake in shares of Arqit Quantum during the 4th quarter worth $30,000. Barclays PLC acquired a new stake in Arqit Quantum in the fourth quarter valued at $39,000. Biltmore Family Office LLC lifted its holdings in Arqit Quantum by 57.2% during the 4th quarter. Biltmore Family Office LLC now owns 7,202 shares of the company's stock worth $280,000 after buying an additional 2,620 shares during the last quarter. Wells Fargo & Company MN acquired a new position in shares of Arqit Quantum during the 4th quarter worth about $134,000. Finally, Wolverine Asset Management LLC purchased a new position in shares of Arqit Quantum in the 4th quarter valued at about $166,000. 16.60% of the stock is owned by hedge funds and other institutional investors.
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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