Arqit Quantum (ARQQ) to Release Earnings on Thursday

Arqit Quantum (NASDAQ:ARQQ – Get Rating) is scheduled to release its earnings data before the market opens on Thursday, May 12th. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Shares of ARQQ opened at $8.85 on Thursday. The business’s 50 day moving average is $13.83 and its two-hundred day moving average is $18.07. Arqit Quantum has a 52-week low of $7.38 and a 52-week high of $41.52.

Separately, HC Wainwright began coverage on Arqit Quantum in a research report on Tuesday, April 26th. They issued a “buy” rating and a $16.00 target price on the stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada acquired a new position in shares of Arqit Quantum in the 3rd quarter valued at approximately $40,000. Morgan Stanley acquired a new stake in shares of Arqit Quantum during the 3rd quarter valued at approximately $181,000. Jane Street Group LLC acquired a new stake in shares of Arqit Quantum during the 3rd quarter valued at approximately $386,000. Stifel Financial Corp acquired a new stake in shares of Arqit Quantum during the 4th quarter valued at approximately $465,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Arqit Quantum during the 3rd quarter valued at approximately $481,000. 7.54% of the stock is currently owned by institutional investors.

Arqit Quantum Company Profile (Get Rating)

Arqit Quantum Inc provides cybersecurity services through satellite and terrestrial platforms in the United Kingdom. It offers QuantumCloud that enables any device to download a lightweight software agent, which can create encryption keys in partnership with any other device. The company is based in London, the United Kingdom.

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