Shares of Arqit Quantum Inc. (NASDAQ:ARQQ – Get Free Report) dropped 3.6% on Tuesday . The company traded as low as $35.61 and last traded at $37.60. Approximately 262,635 shares changed hands during trading, a decline of 67% from the average daily volume of 784,642 shares. The stock had previously closed at $39.00.
Analysts Set New Price Targets
Separately, HC Wainwright raised their target price on Arqit Quantum from $27.00 to $52.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st.
Check Out Our Latest Report on ARQQ
Arqit Quantum Trading Down 31.1 %
About Arqit Quantum
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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