Arqit Quantum Inc. (NASDAQ:ARQQ – Get Free Report)’s stock price dropped 1% during trading on Friday . The company traded as low as $21.90 and last traded at $24.36. Approximately 426,873 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 888,906 shares. The stock had previously closed at $24.61.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright raised their price objective on shares of Arqit Quantum from $27.00 to $52.00 and gave the company a “buy” rating in a report on Tuesday, December 31st.
Arqit Quantum Trading Down 10.9 %
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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