Shares of Arqit Quantum Inc. (NASDAQ:ARQQ – Get Free Report) fell 34.8% during mid-day trading on Wednesday . The stock traded as low as $21.88 and last traded at $23.27. 939,625 shares traded hands during mid-day trading, an increase of 9% from the average session volume of 861,583 shares. The stock had previously closed at $35.70.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright boosted their target price on shares of Arqit Quantum from $27.00 to $52.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st.
Get Our Latest Stock 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.
Featured Articles
- Five stocks we like better than Arqit Quantum
- Earnings Per Share Calculator: How to Calculate EPS
- Driving Forward: Lucid’s Growing Sales and Gravity SUV’s Impact
- Dividend Capture Strategy: What You Need to Know
- Why Amazon’s Next Earnings Could Trigger a Stock Breakout
- What Are Dividends? Buy the Best Dividend Stocks
- With This Kind of Data, The Fed Isn’t Cutting Rates This Year
Receive News & Ratings for Arqit Quantum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arqit Quantum and related companies with MarketBeat.com's FREE daily email newsletter.
