In last trading session, Argo Blockchain Plc ADR (NASDAQ:ARBK) saw 1.38 million shares changing hands with its beta currently measuring 1.89. Company’s recent per share price level of $1.36 trading at $0.17 or 14.29% at ring of the bell on the day assigns it a market valuation of $86.74M. That closing price of ARBK’s stock is at a discount of -227.21% from its 52-week high price of $4.45 and is indicating a premium of 25.74% from its 52-week low price of $1.01. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.55 million shares which gives us an average trading volume of 346.25K if we extend that period to 3-months.
For Argo Blockchain Plc ADR (ARBK), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 3.50. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.08 in the current quarter.
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Argo Blockchain Plc ADR (NASDAQ:ARBK) trade information
Upright in the green during last session for gaining 14.29%, in the last five days ARBK remained trading in the green while hitting it’s week-highest on Wednesday, 11/06/24 when the stock touched $1.36 price level, adding 0.73% to its value on the day. Argo Blockchain Plc ADR’s shares saw a change of -63.64% in year-to-date performance and have moved 12.40% in past 5-day. Argo Blockchain Plc ADR (NASDAQ:ARBK) showed a performance of 21.43% in past 30-days. Number of shares sold short was 0.84 million shares which calculate 3.09 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 1.25 to the stock, which implies a fall of -8.8% to its current value. Analysts have been projecting 1 as a low price target for the stock while placing it at a high target of 8. It follows that stock’s current price would jump 26.47% in reaching the projected high whereas dropping to the targeted low would mean a gain of 26.47% for stock’s current value.
Argo Blockchain Plc ADR (ARBK) estimates and forecasts
Statistics highlight that Argo Blockchain Plc ADR is scoring comparatively lower than the scores of other players of the relevant industry. The company added 0.74% of value to its shares in past 6 months, showing an annual growth rate of -8.82% while that of industry is 9.70. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -2.70% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 9.5M for the same. And 3 analysts are in estimates of company making revenue of 11.5M in the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -18.79% during past 5 years.
Argo Blockchain Plc ADR (NASDAQ:ARBK)’s Major holders
Insiders are in possession of 0.01% of company’s total shares while institution are holding 4.41 percent of that, with stock having share float percentage of 4.41%. Investors also watch the number of corporate investors in a company very closely, which is 4.41% institutions for Argo Blockchain Plc ADR that are currently holding shares of the company. VIDENT ADVISORY, LLC is the top institutional holder at ARBK for having 1.76 million shares of worth $2.02 million. And as of 2024-06-30, it was holding 3.046 of the company’s outstanding shares.
The second largest institutional holder is JANE STREET GROUP, LLC, which was holding about 0.17 million shares on 2024-06-30. The number of shares represents firm’s hold over 0.2871 of outstanding shares, having a total worth of $0.18 million.
