Arqit Quantum Inc. (NASDAQ:ARQQ – Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 42,033 shares changed hands during trading, a decline of 32% from the previous session’s volume of 61,958 shares.The stock last traded at $8.14 and had previously closed at $7.34.
Wall Street Analyst Weigh In
Separately, HC Wainwright reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Arqit Quantum in a research note on Thursday, July 11th.
Check Out Our Latest Stock Analysis on Arqit Quantum
Arqit Quantum Trading Up 0.5 %
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Arqit Quantum stock. Cowen AND Company LLC bought a new position in shares of Arqit Quantum Inc. (NASDAQ:ARQQ – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 100,000 shares of the company’s stock, valued at approximately $34,000. Cowen AND Company LLC owned 0.06% of Arqit Quantum at the end of the most recent quarter. 16.60% of the stock is currently owned by institutional investors.
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.
See Also
- Five stocks we like better than Arqit Quantum
- Top Biotech Stocks: Exploring Innovation Opportunities
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- What is a SEC Filing?
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
- CD Calculator: Certificate of Deposit Calculator
- The Downtrend in UPS Stock Isn’t Over Yet
Receive News & Ratings for Arqit Quantum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arqit Quantum and related companies with MarketBeat.com's FREE daily email newsletter.