Arqit Quantum Inc. (NASDAQ:ARQQ – Get Free Report)’s share price fell 31.1% on Thursday . The company traded as low as $21.88 and last traded at $24.61. 1,481,569 shares changed hands during mid-day trading, an increase of 50% from the average session volume of 986,560 shares. The stock had previously closed at $35.70.
Wall Street Analyst Weigh In
Separately, HC Wainwright boosted their price objective on Arqit Quantum from $27.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st.
Get Our Latest Stock Analysis on Arqit Quantum
Arqit Quantum Stock Down 31.1 %
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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