Arqit Quantum (NASDAQ:ARQQ) Rating Reiterated by HC Wainwright

HC Wainwright reissued their buy rating on shares of Arqit Quantum (NASDAQ:ARQQ) in a report issued on Thursday, Benzinga reports. HC Wainwright currently has a $2.00 target price on the stock.

Arqit Quantum Trading Up 11.5 %

ARQQ opened at $0.36 on Thursday. Arqit Quantum has a 52-week low of $0.30 and a 52-week high of $1.50. The company has a 50 day moving average of $0.37 and a two-hundred day moving average of $0.50.

Institutional Trading of Arqit Quantum

A hedge fund recently raised its stake in Arqit Quantum stock. Mirae Asset Global Investments Co. Ltd. lifted its stake in Arqit Quantum Inc. (NASDAQ:ARQQ) by 150.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,636,216 shares of the company’s stock after buying an additional 2,185,402 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 2.22% of Arqit Quantum worth $1,724,000 as of its most recent SEC filing. 16.60% of the stock is owned by hedge funds and other institutional investors.

Arqit Quantum Company Profile

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.