Shares of Arqit Quantum Inc. (NASDAQ:ARQQ – Get Free Report) dropped 34.8% on Wednesday . The company traded as low as $21.88 and last traded at $23.27. Approximately 939,625 shares changed hands during trading, an increase of 9% from the average daily volume of 861,583 shares. The stock had previously closed at $35.70.
Analyst Ratings Changes
Separately, HC Wainwright boosted their price objective on Arqit Quantum from $27.00 to $52.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st.
Read Our Latest Report on ARQQ
Arqit Quantum Stock Performance
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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