Shares of Arqit Quantum Inc. (NASDAQ:ARQQ – Get Free Report) fell 16.1% during trading on Monday . The company traded as low as $17.80 and last traded at $18.40. Approximately 440,597 shares traded hands during trading, a decline of 50% from the average daily volume of 884,158 shares. The stock had previously closed at $21.92.
Wall Street Analyst Weigh In
Separately, HC Wainwright increased their target price 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.
Read Our Latest Stock Report on Arqit Quantum
Arqit Quantum Trading Down 22.9 %
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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