Arqit Quantum Inc. (NASDAQ:ARQQ – Get Free Report) traded down 16.1% during mid-day trading on Monday . The stock traded as low as $17.80 and last traded at $18.40. 440,597 shares were traded during mid-day trading, a decline of 50% from the average session volume of 884,158 shares. The stock had previously closed at $21.92.
Wall Street Analyst Weigh In
Separately, HC Wainwright lifted their target price on Arqit Quantum from $27.00 to $52.00 and gave the company a “buy” rating in a report on Tuesday, December 31st.
Check Out Our Latest Report on ARQQ
Arqit Quantum Stock Performance
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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