The 36-month beta value for ARBB is at 3.44. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ARBB is 15.04M, and currently, shorts hold a 0.00% of that float. The average trading volume for ARBB on October 23, 2024 was 123.33K shares.
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ARBB) stock’s latest price update
ARB IOT Group Ltd (NASDAQ: ARBB)’s stock price has gone rise by 7.14 in comparison to its previous close of 0.35, however, the company has experienced a 42.05% increase 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 42.05% in the past week, with a monthly rise of 38.89% and a quarterly drop of -21.05%. The volatility ratio for the week is 13.72% while the volatility levels for the last 30 days are 8.69% for ARB IOT Group Ltd The simple moving average for the past 20 days is 31.89% for ARBB’s stock, with a -55.65% simple moving average for the past 200 days.
ARBB Trading at 24.21% 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 -91.76% of loss for the given period.
Volatility was left at 8.69%, however, over the last 30 days, the volatility rate increased by 13.72%, as shares surge +34.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.74% upper at present.
During the last 5 trading sessions, ARBB rose by +42.05%, which changed the moving average for the period of 200-days by -74.32% in comparison to the 20-day moving average, which settled at $0.2843. In addition, ARB IOT Group Ltd saw -85.29% 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 0.15. 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 had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
