Shares of Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report) shot up 15.2% on Monday . The stock traded as high as $46.36 and last traded at $48.80. 305,989 shares traded hands during trading, a decline of 50% from the average session volume of 608,718 shares. The stock had previously closed at $42.36.
Arqit Quantum Trading Down 3.1%
The business has a fifty day moving average of $31.63 and a 200-day moving average of $22.43.
Arqit Quantum (NASDAQ:ARQQ - Get Free Report) last released its earnings results on Thursday, May 22nd. The company reported ($1.35) EPS for the quarter. Analysts anticipate that Arqit Quantum Inc. will post -1.39 EPS for the current year.
Institutional Investors Weigh In On Arqit Quantum
Several large investors have recently modified their holdings of the stock. Quarry LP purchased a new stake in shares of Arqit Quantum during the fourth quarter valued at $30,000. Barclays PLC purchased a new stake in Arqit Quantum during the fourth quarter valued at about $39,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Arqit Quantum in the first quarter worth about $40,000. Wells Fargo & Company MN acquired a new stake in shares of Arqit Quantum during the fourth quarter valued at approximately $134,000. Finally, BIT Capital GmbH acquired a new stake in shares of Arqit Quantum during the fourth quarter valued at approximately $207,000. 16.60% of the stock is owned by institutional investors.
Arqit Quantum Company Profile
(
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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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