Shares of Arqit Quantum Inc. (NASDAQ:ARQQ – Get Free Report) rose 7.7% on Tuesday . The stock traded as high as $20.06 and last traded at $18.06. Approximately 429,963 shares traded hands during trading, a decline of 52% from the average daily volume of 901,885 shares. The stock had previously closed at $16.77.
Analyst Upgrades and Downgrades
Separately, HC Wainwright upped their price target on Arqit Quantum from $27.00 to $52.00 and gave the company a “buy” rating in a report on Tuesday, December 31st.
Get Our Latest Stock Analysis on ARQQ
Arqit Quantum Price Performance
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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