Arqit Quantum (NASDAQ:ARQQ - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by analysts at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.
Separately, HC Wainwright set a $60.00 target price on Arqit Quantum and gave the company a "buy" rating in a research note on Monday, October 13th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $60.00.
View Our Latest Stock Analysis on ARQQ
Arqit Quantum Stock Performance
ARQQ stock traded up $3.68 during midday trading on Friday, reaching $42.71. The company had a trading volume of 862,897 shares, compared to its average volume of 743,426. The stock has a 50 day moving average price of $37.77 and a 200 day moving average price of $30.74. Arqit Quantum has a fifty-two week low of $5.22 and a fifty-two week high of $62.00.
Institutional Investors Weigh In On Arqit Quantum
Hedge funds have recently made changes to their positions in the business. Allworth Financial LP raised its holdings in shares of Arqit Quantum by 53.8% during the second quarter. Allworth Financial LP now owns 1,000 shares of the company's stock valued at $37,000 after buying an additional 350 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Arqit Quantum during the first quarter worth approximately $40,000. Quantbot Technologies LP bought a new stake in Arqit Quantum during the second quarter worth approximately $122,000. Global Retirement Partners LLC bought a new stake in Arqit Quantum during the second quarter worth approximately $222,000. Finally, Biltmore Family Office LLC bought a new stake in Arqit Quantum during the second quarter worth approximately $253,000. Institutional investors own 16.60% of the company's stock.
Arqit Quantum Company Profile
(
Get Free Report)
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
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Arqit Quantum, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Arqit Quantum wasn't on the list.
While Arqit Quantum currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
