Shares of Arqit Quantum Inc. (NASDAQ:ARQQ – Get Free Report) traded down 31.1% during trading on Thursday . The company traded as low as $21.88 and last traded at $24.61. 1,481,569 shares were traded during mid-day trading, an increase of 50% from the average session volume of 986,560 shares. The stock had previously closed at $35.70.
Wall Street Analyst Weigh In
Separately, HC Wainwright boosted their target price on shares of Arqit Quantum from $27.00 to $52.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st.
Check Out Our Latest Research Report on Arqit Quantum
Arqit Quantum Price Performance
About Arqit Quantum
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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