Additionally, the 36-month beta value for ARBB is 3.47. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for ARBB is 15.04M and currently, short sellers hold a 0.00% ratio of that float. The average trading volume of ARBB on October 17, 2024 was 122.22K shares.
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ARBB) stock’s latest price update
The stock price of ARB IOT Group Ltd (NASDAQ: ARBB) has jumped by 16.97 compared to previous close of 0.26. Despite this, the company has seen a gain of 17.06% in its stock price over the last five trading days. globenewswire.com reported 2024-06-27 that Selangor, Malaysia, June 27, 2024 (GLOBE NEWSWIRE) — ARB IOT Group Limited (“ARB” or the “Company”) (NASDAQ: ARBB), a provider of complete solutions to clients for the integration of Internet of Things (“IoT”) systems and devices from designing to project deployment, today announced that on June 25, 2024, it received a written notification letter (the “Notification Letter”) from The Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of US$1.00 per share.
ARBB’s Market Performance
ARBB’s stock has risen by 17.06% in the past week, with a monthly rise of 5.86% and a quarterly drop of -43.75%. The volatility ratio for the week is 11.52% while the volatility levels for the last 30 days are 8.85% for ARB IOT Group Ltd The simple moving average for the past 20 days is 14.60% for ARBB’s stock, with a -64.68% simple moving average for the past 200 days.
ARBB Trading at 3.63% from the 50-Day Moving Average
After a stumble in the market that brought ARBB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -93.21% of loss for the given period.
Volatility was left at 8.85%, however, over the last 30 days, the volatility rate increased by 11.52%, as shares surge +15.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.93% upper at present.
During the last 5 trading sessions, ARBB rose by +17.06%, which changed the moving average for the period of 200-days by -87.89% in comparison to the 20-day moving average, which settled at $0.2695. In addition, ARB IOT Group Ltd saw -87.89% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ARBB
Current profitability levels for the company are sitting at:
- -0.62 for the present operating margin
- -0.01 for the gross margin
The net margin for ARB IOT Group Ltd stands at -0.45. The total capital return value is set at -0.51.
Based on ARB IOT Group Ltd (ARBB), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 408.25.
Currently, EBITDA for the company is 4.81 million with net debt to EBITDA at 2.33. When we switch over and look at the enterprise to sales, we see a ratio of 0.06. The receivables turnover for the company is 25.85for trailing twelve months and the total asset turnover is 0.33.
Conclusion
In conclusion, ARB IOT Group Ltd (ARBB) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
