Free Trial

Arqit Quantum (NASDAQ:ARQQ) Hits New 1-Year High - What's Next?

Arqit Quantum logo with Computer and Technology background

Key Points

  • Arqit Quantum Inc.'s stock hit a new 52-week high of $53.50 during trading, closing at $52.98 with over 717,000 shares exchanged.
  • Analysts have given the stock mixed reviews, with one holding a buy rating and another a sell rating, leading to an average rating of "Hold" and a target price of $52.00.
  • Several institutional investors have recently increased their stakes in Arqit Quantum, with Penserra Capital Management investing approximately $26 million and others significantly boosting their holdings.
  • Five stocks we like better than Arqit Quantum.

Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $53.50 and last traded at $52.98, with a volume of 717049 shares trading hands. The stock had previously closed at $49.92.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ARQQ. HC Wainwright restated a "buy" rating and issued a $52.00 target price on shares of Arqit Quantum in a report on Thursday, September 18th. Weiss Ratings reissued a "sell (d)" rating on shares of Arqit Quantum in a research note on Saturday, September 27th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $52.00.

View Our Latest Stock Report on ARQQ

Arqit Quantum Stock Up 7.9%

The stock's 50 day moving average price is $34.25 and its 200-day moving average price is $28.03.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Penserra Capital Management LLC purchased a new position in Arqit Quantum during the 2nd quarter valued at about $26,376,000. Legal & General Group Plc bought a new stake in shares of Arqit Quantum during the second quarter valued at approximately $2,687,000. Virtu Financial LLC raised its holdings in Arqit Quantum by 440.7% in the 1st quarter. Virtu Financial LLC now owns 32,208 shares of the company's stock worth $446,000 after acquiring an additional 26,251 shares during the last quarter. Raymond James Financial Inc. lifted its position in Arqit Quantum by 120.6% in the 2nd quarter. Raymond James Financial Inc. now owns 45,397 shares of the company's stock valued at $1,681,000 after acquiring an additional 24,822 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in Arqit Quantum during the 2nd quarter valued at $800,000. 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.

Read More

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.

Should You Invest $1,000 in Arqit Quantum Right Now?

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

7 Stocks to Ride The A.I. Megaboom Cover


We are about to experience the greatest A.I. boom in stock market history...

Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.

That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.

  1. The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
  2. The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
  3. Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.

Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.

And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...

Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.

Get This Free Report
Like this article? Share it with a colleague.