Argo Blockchain Plc ADR (NASDAQ: ARBK)’s stock price has plunge by -6.58relation to previous closing price of 1.14. Nevertheless, the company has seen a -21.11% plunge in its stock price over the last five trading sessions. accesswire.com reported 2024-11-14 that Notice of Q3 2024 Results and Investor Presentation LONDON, UK / ACCESSWIRE / November 14, 2024 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), announces that the Company’s Q3 2024 results will be released on 20 November 2024. Argo will host a conference call to discuss its results at 10:00 ET / 15:00 GMT on 20 November 2024.
Is It Worth Investing in Argo Blockchain Plc ADR (NASDAQ: ARBK) Right Now?
The 36-month beta value for ARBK is at 1.87. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 as “hold,” and 1 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for ARBK is 53.53M, and currently, shorts hold a 1.72% of that float. The average trading volume for ARBK on November 19, 2024 was 615.77K shares.
ARBK’s Market Performance
The stock of Argo Blockchain Plc ADR (ARBK) has seen a -21.11% decrease in the past week, with a -10.50% drop in the past month, and a -23.38% fall in the past quarter. The volatility ratio for the week is 14.90%, and the volatility levels for the past 30 days are at 10.96% for ARBK. The simple moving average for the last 20 days is -11.95% for ARBK stock, with a simple moving average of -26.32% for the last 200 days.
Analysts’ Opinion of ARBK
Barclays, on the other hand, stated in their research note that they expect to see ARBK reach a price target of $3, previously predicting the price at $7. The rating they have provided for ARBK stocks is “Equal Weight” according to the report published on October 10th, 2022.
Stifel gave a rating of “Hold” to ARBK, setting the target price at $11 in the report published on March 25th of the previous year.
ARBK Trading at -9.72% 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 -76.07% of loss for the given period.
Volatility was left at 10.96%, however, over the last 30 days, the volatility rate increased by 14.90%, as shares sank -12.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.12% lower at present.
During the last 5 trading sessions, ARBK fell by -22.97%, which changed the moving average for the period of 200-days by -43.48% in comparison to the 20-day moving average, which settled at $1.2082. In addition, Argo Blockchain Plc ADR saw -71.52% 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:
- -0.24 for the present operating margin
- 0.08 for the gross margin
The net margin for Argo Blockchain Plc ADR stands at -0.82. The total capital return value is set at -0.81. Equity return is now at value -446.50, with -84.44 for asset returns.
Based on Argo Blockchain Plc ADR (ARBK), the company’s capital structure generated 1.82 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at -2.22. The interest coverage ratio of the stock is -1.61.
Currently, EBITDA for the company is 5.33 million with net debt to EBITDA at -2.0. When we switch over and look at the enterprise to sales, we see a ratio of 1.75. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.43.
Conclusion
In conclusion, Argo Blockchain Plc ADR (ARBK) has had a bad performance lately. Opinion on the stock among analysts is mixed, 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.
