Arqit Quantum Inc. (NASDAQ:ARQQ – Get Free Report)’s stock price shot up 2.9% during mid-day trading on Friday . The stock traded as high as $32.63 and last traded at $29.11. 1,422,951 shares traded hands during mid-day trading, an increase of 10% from the average session volume of 1,292,461 shares. The stock had previously closed at $28.28.
Analyst Ratings Changes
Separately, HC Wainwright raised their target price on shares of Arqit Quantum from $27.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st.
Read Our Latest Stock Report on ARQQ
Arqit Quantum Trading Down 7.4 %
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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