The stock price of Argo Blockchain Plc ADR (NASDAQ: ARBK) has dropped by -3.80 compared to previous close of 1.58. Despite this, the company has seen a fall of -2.56% in its stock price over the last five trading days. InvestorPlace reported 2024-04-01 that The fourth Bitcoin ( BTC-USD ) halving, scheduled for mid-April 2024, is poised to significantly impact the crypto market. Understanding how the halving will impact Bitcoin price dynamics and crypto mining is critical, especially when choosing which stocks to sell after the halving.
Is It Worth Investing in Argo Blockchain Plc ADR (NASDAQ: ARBK) Right Now?
ARBK has 36-month beta value of 1.94. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ARBK is 53.53M, and currently, short sellers hold a 0.82% ratio of that float. The average trading volume of ARBK on April 12, 2024 was 767.69K shares.
ARBK’s Market Performance
ARBK’s stock has seen a -2.56% decrease for the week, with a -15.08% drop in the past month and a -45.13% fall in the past quarter. The volatility ratio for the week is 7.92%, and the volatility levels for the past 30 days are at 12.36% for Argo Blockchain Plc ADR The simple moving average for the past 20 days is -8.60% for ARBK’s stock, with a -8.62% simple moving average for the past 200 days.
Analysts’ Opinion of ARBK
Many brokerage firms have already submitted their reports for ARBK stocks, with Barclays repeating the rating for ARBK by listing it as a “Equal Weight.” The predicted price for ARBK in the upcoming period, according to Barclays is $3 based on the research report published on October 10, 2022 of the previous year 2022.
Stifel, on the other hand, stated in their research note that they expect to see ARBK reach a price target of $11. The rating they have provided for ARBK stocks is “Hold” according to the report published on March 25th, 2022.
ROTH Capital gave a rating of “Buy” to ARBK, setting the target price at $27 in the report published on November 01st of the previous year.
ARBK Trading at -23.39% from the 50-Day Moving Average
After a stumble in the market that brought ARBK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -65.84% of loss for the given period.
Volatility was left at 12.36%, however, over the last 30 days, the volatility rate increased by 7.92%, as shares sank -13.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -29.63% lower at present.
During the last 5 trading sessions, ARBK fell by -2.56%, which changed the moving average for the period of 200-days by -5.00% in comparison to the 20-day moving average, which settled at $1.6510. In addition, Argo Blockchain Plc ADR saw -59.36% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ARBK
Current profitability levels for the company are sitting at:
- -0.69 for the present operating margin
- -0.03 for the gross margin
The net margin for Argo Blockchain Plc ADR stands at -4.09. The total capital return value is set at -0.61. Equity return is now at value -210.31, with -91.17 for asset returns.
Based on Argo Blockchain Plc ADR (ARBK), the company’s capital structure generated 1.04 points at debt to capital in total, while cash flow to debt ratio is standing at -0.74. The debt to equity ratio resting at -23.26. The interest coverage ratio of the stock is -1.42.
Currently, EBITDA for the company is -45.33 million with net debt to EBITDA at -4.42. When we switch over and look at the enterprise to sales, we see a ratio of 2.97. The receivables turnover for the company is 6.21for trailing twelve months and the total asset turnover is 0.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.59.
Conclusion
To put it simply, Argo Blockchain Plc ADR (ARBK) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
