The 36-month beta value for ARBK is also noteworthy at 1.85. 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.”
The public float for ARBK is 53.53M, and at present, short sellers hold a 3.37% of that float. The average trading volume of ARBK on December 11, 2024 was 1.03M shares.
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ARBK) stock’s latest price update
Argo Blockchain Plc ADR (NASDAQ: ARBK)’s stock price has plunge by 10.56relation to previous closing price of 0.74. Nevertheless, the company has seen a 20.35% surge in its stock price over the last five trading sessions. accesswire.com reported 2024-12-04 that LONDON, UK / ACCESSWIRE / December 4, 2024 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to provide the following operational update for November 2024. During the month of November, the Company mined 39 Bitcoin (“BTC”), or 1.3 BTC per day, a decrease from 46 mined in October 2024.
ARBK’s Market Performance
ARBK’s stock has risen by 20.35% in the past week, with a monthly drop of -37.32% and a quarterly drop of -29.15%. The volatility ratio for the week is 13.83% while the volatility levels for the last 30 days are 13.12% for Argo Blockchain Plc ADR The simple moving average for the last 20 days is -18.32% for ARBK stock, with a simple moving average of -39.06% 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 -26.52% 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 -81.69% of loss for the given period.
Volatility was left at 13.12%, however, over the last 30 days, the volatility rate increased by 13.83%, as shares sank -40.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.17% lower at present.
During the last 5 trading sessions, ARBK rose by +19.65%, which changed the moving average for the period of 200-days by -69.32% in comparison to the 20-day moving average, which settled at $0.9973. In addition, Argo Blockchain Plc ADR saw -78.21% 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 -2.64 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 1.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.52.
Conclusion
In summary, Argo Blockchain Plc ADR (ARBK) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
