Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report) was the target of some unusual options trading activity on Tuesday. Stock traders purchased 2,002 call options on the stock. This is an increase of approximately 58% compared to the typical volume of 1,271 call options.
Arqit Quantum Stock Down 6.4%
Shares of ARQQ stock traded down $1.46 on Friday, hitting $21.34. The company's stock had a trading volume of 571,376 shares, compared to its average volume of 465,657. Arqit Quantum has a fifty-two week low of $3.72 and a fifty-two week high of $52.79. The firm's fifty day moving average price is $16.83 and its 200-day moving average price is $19.88.
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. Sell-side analysts anticipate that Arqit Quantum will post -1.39 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC bought a new position in shares of Arqit Quantum during the 4th quarter worth about $39,000. Envestnet Asset Management Inc. bought a new stake in Arqit Quantum in the fourth quarter valued at about $420,000. Wells Fargo & Company MN bought a new stake in Arqit Quantum in the fourth quarter valued at about $134,000. Geode Capital Management LLC bought a new stake in Arqit Quantum in the fourth quarter valued at about $280,000. Finally, Marshall Wace LLP bought a new stake in Arqit Quantum during the fourth quarter worth about $1,083,000. Institutional investors own 16.60% of the company's stock.
About Arqit Quantum
(
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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