Arqit Quantum Inc. (NASDAQ:ARQQ – Get Free Report)’s stock price dropped 31.1% during mid-day trading on Thursday . The stock traded as low as $21.88 and last traded at $24.61. Approximately 1,481,569 shares were traded during mid-day trading, an increase of 50% from the average daily volume of 986,560 shares. The stock had previously closed at $35.70.
Analysts Set New Price Targets
Separately, HC Wainwright boosted their target price on Arqit Quantum from $27.00 to $52.00 and gave the company a “buy” rating in a research report on Tuesday, December 31st.
View Our Latest Stock Report on ARQQ
Arqit Quantum Stock Down 10.9 %
Arqit Quantum Company Profile
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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