Trading Update: Arq Inc (ARQ) Stock Endures 11.88% Monthly Volatility

The stock of Arq Inc (ARQ) has seen a 6.51% increase in the past week, with a 107.06% gain in the past month, and a 136.24% flourish in the past quarter. The volatility ratio for the week is 10.06%, and the volatility levels for the past 30 days are at 11.88% for ARQ. The simple moving average for the past 20 days is 35.88% for ARQ’s stock, with a 172.58% simple moving average for the past 200 days.

Is It Worth Investing in Arq Inc (NASDAQ: ARQ) Right Now?

The 36-month beta value for ARQ is at 1.49. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for ARQ is 23.01M, and currently, shorts hold a 0.44% of that float. The average trading volume for ARQ on April 03, 2024 was 184.65K shares.

ARQ) stock’s latest price update

The stock of Arq Inc (NASDAQ: ARQ) has increased by 7.81 when compared to last closing price of 6.53.Despite this, the company has seen a gain of 6.51% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-01 that Equillium (EQ), Laird Superfood (LSF), QuantaSing (QSG), Phunware (PHUN) and Arq (ARQ) more than double in the first quarter and are expected to continue their strong performances.

Analysts’ Opinion of ARQ

Many brokerage firms have already submitted their reports for ARQ stocks, with Rodman & Renshaw repeating the rating for ARQ by listing it as a “Buy.” The predicted price for ARQ in the upcoming period, according to Rodman & Renshaw is $18 based on the research report published on February 06, 2017 of the previous year 2017.

ARQ Trading at 74.67% from the 50-Day Moving Average

After a stumble in the market that brought ARQ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.02% of loss for the given period.

Volatility was left at 11.88%, however, over the last 30 days, the volatility rate increased by 10.06%, as shares surge +98.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +141.92% upper at present.

During the last 5 trading sessions, ARQ rose by +6.51%, which changed the moving average for the period of 200-days by +382.19% in comparison to the 20-day moving average, which settled at $5.36. In addition, Arq Inc saw 136.24% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at ARQ starting from Wong Joseph M, who purchase 25,000 shares at the price of $2.53 back on Nov 21 ’23. After this action, Wong Joseph M now owns 251,913 shares of Arq Inc, valued at $63,300 using the latest closing price.

Wong Joseph M, the Chief Technology Officer of Arq Inc, purchase 35,000 shares at $2.48 during a trade that took place back on Nov 20 ’23, which means that Wong Joseph M is holding 226,913 shares at $86,908 based on the most recent closing price.

Stock Fundamentals for ARQ

Equity return is now at value -7.69, with -5.55 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 3.75.

Conclusion

In conclusion, Arq Inc (ARQ) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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