Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $37.97, but opened at $42.41. Arqit Quantum shares last traded at $40.27, with a volume of 1,134,934 shares trading hands.
Arqit Quantum Price Performance
The firm has a 50 day moving average of $21.12 and a 200-day moving average of $21.30.
Arqit Quantum (NASDAQ:ARQQ - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The company reported ($1.35) earnings per share (EPS) for the quarter. On average, research analysts predict that Arqit Quantum Inc. will post -1.39 EPS for the current year.
Institutional Investors Weigh In On Arqit Quantum
A number of large investors have recently modified their holdings of ARQQ. Quarry LP acquired a new position in shares of Arqit Quantum during the 4th quarter worth $30,000. Barclays PLC bought a new position in Arqit Quantum in the fourth quarter valued at about $39,000. Veracity Capital LLC raised its stake in Arqit Quantum by 14.3% during the first quarter. Veracity Capital LLC now owns 12,351 shares of the company's stock worth $171,000 after acquiring an additional 1,547 shares in the last quarter. Biltmore Family Office LLC lifted its holdings in shares of Arqit Quantum by 57.2% in the fourth quarter. Biltmore Family Office LLC now owns 7,202 shares of the company's stock worth $280,000 after acquiring an additional 2,620 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Arqit Quantum in the first quarter worth about $40,000. Institutional investors and hedge funds 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.
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