The 36-month beta value for ARQ is at 1.48. 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.”
The public float for ARQ is 22.80M, and currently, shorts hold a 0.59% of that float. The average trading volume for ARQ on May 10, 2024 was 281.21K shares.
ARQ) stock’s latest price update
Arq Inc (NASDAQ: ARQ)’s stock price has dropped by -5.24 in relation to previous closing price of 8.02. Nevertheless, the company has seen a loss of -3.31% in its stock price over the last five trading days. Seeking Alpha reported 2024-05-09 that Arq, Inc. (NASDAQ:ARQ ) Q1 2024 Results Conference Call May 9, 2024 9:00 AM ET Company Participants Anthony Nathan – Head of Investor Relations Robert Rasmus – President and Chief Executive Officer Stacia Hansen – Treasurer and Chief Accounting Officer Conference Call Participants Gerry Sweeney – Roth Capital Mark Silverberg – ICR Operator Good day and welcome to the Arq First Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.
ARQ’s Market Performance
Arq Inc (ARQ) has seen a -3.31% fall in stock performance for the week, with a 12.76% gain in the past month and a 135.29% surge in the past quarter. The volatility ratio for the week is 6.40%, and the volatility levels for the past 30 days are at 8.63% for ARQ. The simple moving average for the past 20 days is 1.52% for ARQ’s stock, with a 128.06% simple moving average for the past 200 days.
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 22.08% 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 -7.99% of loss for the given period.
Volatility was left at 8.63%, however, over the last 30 days, the volatility rate increased by 6.40%, as shares surge +10.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +124.85% upper at present.
During the last 5 trading sessions, ARQ fell by -3.31%, which changed the moving average for the period of 200-days by +204.61% in comparison to the 20-day moving average, which settled at $7.52. In addition, Arq Inc saw 155.03% 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 -4.59, with -3.52 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 3.28.
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.
