Veracity Capital LLC bought a new stake in Arqit Quantum Inc. (NASDAQ:ARQQ - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,804 shares of the company's stock, valued at approximately $420,000. Veracity Capital LLC owned 0.09% of Arqit Quantum as of its most recent filing with the Securities and Exchange Commission (SEC).
Wall Street Analysts Forecast Growth
Separately, HC Wainwright boosted their price target on Arqit Quantum from $27.00 to $52.00 and gave the company a "buy" rating in a research note on Tuesday, December 31st.
Read Our Latest Analysis on ARQQ
Arqit Quantum Stock Performance
Shares of ARQQ traded up $1.17 during trading hours on Friday, hitting $27.89. 767,453 shares of the company were exchanged, compared to its average volume of 1,241,039. Arqit Quantum Inc. has a fifty-two week low of $3.72 and a fifty-two week high of $52.79. The firm's fifty day moving average is $25.28 and its 200 day moving average is $13.58.
About Arqit Quantum
(
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.
Further Reading
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.
