The stock of Argo Blockchain Plc ADR (ARBK) has gone down by -18.79% for the week, with a -18.09% drop in the past month and a -15.55% drop in the past quarter. The volatility ratio for the week is 10.03%, and the volatility levels for the past 30 days are 11.32% for ARBK. The simple moving average for the past 20 days is -19.28% for ARBK’s stock, with a -31.84% simple moving average for the past 200 days.
Is It Worth Investing in Argo Blockchain Plc ADR (NASDAQ: ARBK) Right Now?
Additionally, the 36-month beta value for ARBK is 1.82. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 rating it as “hold,” and 1 rating it 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, short sellers hold a 2.08% ratio of that float. The average trading volume of ARBK on December 03, 2024 was 749.50K shares.
ARBK) stock’s latest price update
Argo Blockchain Plc ADR (NASDAQ: ARBK)’s stock price has dropped by -15.17 in relation to previous closing price of 1.12. Nevertheless, the company has seen a loss of -18.79% in its stock price over the last five trading days. accesswire.com reported 2024-11-29 that LONDON, ENGLAND / ACCESSWIRE / November 29, 2024 / Argo Blockchain plc (LSE:ARB)(NASDAQ:ARBK), a global leader in cryptocurrency mining, announces the vesting of Performance Share Units in respect of 2,375,000 Ordinary Shares of £0.001 (“Ordinary Shares”) each on 27 November 2024. These shares were issued as part of Performance Share Unit awards previously granted to Thomas Chippas under the Company’s 2022 Equity Incentive Plan.
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 -18.91% 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 -78.65% of loss for the given period.
Volatility was left at 11.32%, however, over the last 30 days, the volatility rate increased by 10.03%, as shares sank -18.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.64% lower at present.
During the last 5 trading sessions, ARBK fell by -18.80%, which changed the moving average for the period of 200-days by -63.18% in comparison to the 20-day moving average, which settled at $1.1770. In addition, Argo Blockchain Plc ADR saw -74.60% 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:
- -0.26 for the present operating margin
- 0.11 for the gross margin
The net margin for Argo Blockchain Plc ADR stands at -0.86. The total capital return value is set at -0.76. Equity return is now at value -446.50, with -84.73 for asset returns.
Based on Argo Blockchain Plc ADR (ARBK), the company’s capital structure generated 1.98 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at -2.02. The interest coverage ratio of the stock is -1.74.
Currently, EBITDA for the company is -3.35 million with net debt to EBITDA at -1.57. When we switch over and look at the enterprise to sales, we see a ratio of 1.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.52.
Conclusion
In conclusion, Argo Blockchain Plc ADR (ARBK) has seen bad performance in recent times. Analysts have a mixed 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.
