Arqit Quantum Inc. (NASDAQ:ARQQ – Get Free Report) was up 7.7% during mid-day trading on Tuesday . The stock traded as high as $20.06 and last traded at $18.06. Approximately 429,963 shares changed hands during trading, a decline of 52% from the average daily volume of 901,885 shares. The stock had previously closed at $16.77.
Analysts Set New Price Targets
Separately, HC Wainwright increased their price target 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.
Check Out Our Latest Stock Report on Arqit Quantum
Arqit Quantum Trading Up 6.1 %
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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