Investors Purchase Large Volume of Arqit Quantum Call Options (NASDAQ:ARQQ)

Arqit Quantum Inc. (NASDAQ:ARQQ) saw unusually large options trading on Wednesday. Stock investors purchased 4,346 call options on the company. This represents an increase of approximately 193% compared to the average daily volume of 1,483 call options.

Arqit Quantum Stock Performance

Shares of ARQQ stock opened at $37.97 on Thursday. The business has a fifty day moving average of $20.11 and a 200 day moving average of $21.12. Arqit Quantum has a 1 year low of $3.72 and a 1 year high of $52.79.

Arqit Quantum (NASDAQ:ARQQ) last announced its quarterly earnings results on Thursday, May 22nd. The company reported ($1.35) earnings per share for the quarter. Equities research analysts anticipate that Arqit Quantum will post -1.39 EPS for the current year.

Institutional Investors Weigh In On Arqit Quantum

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP acquired a new stake in shares of Arqit Quantum during the 4th quarter valued at about $30,000. Barclays PLC acquired a new stake in Arqit Quantum in the 4th quarter worth about $39,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Arqit Quantum in the 1st quarter worth about $40,000. Wells Fargo & Company MN acquired a new stake in Arqit Quantum in the 4th quarter worth about $134,000. Finally, Wolverine Asset Management LLC acquired a new stake in Arqit Quantum in the 4th quarter worth about $166,000. 16.60% of the stock is owned by institutional investors and hedge funds.

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.