Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report) was the recipient of some unusual options trading on Tuesday. Traders bought 2,002 call options on the stock. This is an increase of approximately 58% compared to the average daily volume of 1,271 call options.
Institutional Trading of Arqit Quantum
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quarry LP acquired a new stake in Arqit Quantum in the fourth quarter valued at $30,000. Barclays PLC purchased a new position in Arqit Quantum in the fourth quarter valued at about $39,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Arqit Quantum during the 1st quarter valued at approximately $40,000. Wells Fargo & Company MN purchased a new stake in shares of Arqit Quantum during the 4th quarter worth approximately $134,000. Finally, Wolverine Asset Management LLC acquired a new stake in shares of Arqit Quantum in the 4th quarter worth approximately $166,000. 16.60% of the stock is owned by hedge funds and other institutional investors.
Arqit Quantum Stock Performance
NASDAQ ARQQ traded down $1.90 on Thursday, reaching $23.10. 231,097 shares of the company were exchanged, compared to its average volume of 459,089. The business's fifty day moving average price is $16.70 and its 200 day moving average price is $19.68. Arqit Quantum has a fifty-two week low of $3.72 and a fifty-two week high of $52.79.
Arqit Quantum (NASDAQ:ARQQ - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The company reported ($1.35) earnings per share for the quarter. On average, research analysts anticipate that Arqit Quantum will post -1.39 earnings per share for the current year.
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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