The stock price of ARB IOT Group Ltd (NASDAQ: ARBB) has dropped by -11.91 compared to previous close of 0.52. Despite this, the company has seen a fall of -11.37% in its stock price over the last five trading days. globenewswire.com reported 2024-11-05 that Kuala Lumpur, Malaysia, Nov. 05, 2024 (GLOBE NEWSWIRE) — – ARB IOT Group Limited (“AIGL” or the “Company”) (NASDAQ: ARBB) announced the signing of a Memorandum of Understanding (the “MOU”) between its indirect wholly owned subsidiary, ARBIOT Sdn Bhd, with ASUSTeK Computer Inc. (“ASUS”) and ServerSphere to collaborate on global artificial intelligence (AI) server solutions. This strategic partnership aims to combine each party’s expertise and resources to provide comprehensive AI server solutions, accelerating the global AI revolution.
Is It Worth Investing in ARB IOT Group Ltd (NASDAQ: ARBB) Right Now?
The stock has a 36-month beta value of 2.30. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for ARBB is 15.04M, and at present, short sellers hold a 3.89% of that float. On November 26, 2024, the average trading volume of ARBB was 8.87M shares.
ARBB’s Market Performance
ARBB’s stock has seen a -11.37% decrease for the week, with a -32.76% drop in the past month and a 9.94% gain in the past quarter. The volatility ratio for the week is 11.52%, and the volatility levels for the past 30 days are at 19.50% for ARB IOT Group Ltd The simple moving average for the past 20 days is -22.67% for ARBB’s stock, with a -39.93% simple moving average for the past 200 days.
ARBB Trading at 8.05% 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 -89.89% of loss for the given period.
Volatility was left at 19.50%, however, over the last 30 days, the volatility rate increased by 11.52%, as shares sank -31.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +49.01% upper at present.
During the last 5 trading sessions, ARBB fell by -11.37%, which changed the moving average for the period of 200-days by -63.20% in comparison to the 20-day moving average, which settled at $0.5949. In addition, ARB IOT Group Ltd saw -81.96% 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 -0.2. Equity return is now at value -18.96, with -16.52 for asset returns.
Currently, EBITDA for the company is -9.19 million with net debt to EBITDA at 0.77. When we switch over and look at the enterprise to sales, we see a ratio of 0.51. The receivables turnover for the company is 2.34for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 44.63.
Conclusion
To sum up, ARB IOT Group Ltd (ARBB) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
