Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $35.66, but opened at $37.64. Arqit Quantum shares last traded at $40.77, with a volume of 1,229,566 shares traded.
Arqit Quantum Price Performance
The business has a 50-day moving average of $26.91 and a 200-day moving average of $22.28.
Arqit Quantum (NASDAQ:ARQQ - Get Free Report) last released its earnings results on Thursday, May 22nd. The company reported ($1.35) earnings per share for the quarter. On average, analysts anticipate that Arqit Quantum Inc. will post -1.39 EPS for the current year.
Institutional Trading of Arqit Quantum
A number of hedge funds and other institutional investors have recently bought and sold shares of ARQQ. Virtu Financial LLC purchased a new stake in Arqit Quantum in the fourth quarter worth $231,000. BIT Capital GmbH purchased a new position in shares of Arqit Quantum during the fourth quarter valued at $207,000. CIBC Private Wealth Group LLC purchased a new position in shares of Arqit Quantum during the fourth quarter valued at $388,000. Geode Capital Management LLC purchased a new position in shares of Arqit Quantum during the fourth quarter valued at $280,000. Finally, Biltmore Family Office LLC increased its stake in shares of Arqit Quantum by 57.2% during the fourth quarter. Biltmore Family Office LLC now owns 7,202 shares of the company's stock valued at $280,000 after buying an additional 2,620 shares during the period. Hedge funds and other 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.
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