In the last trading session, 1.06 million shares of the Argo Blockchain Plc ADR (NASDAQ:ARBK) were traded, and its beta was 1.88. Most recently the company’s share price was $1.23, and it changed around $0.03 or 2.50% from the last close, which brings the market valuation of the company to $78.45M. ARBK currently trades at a discount to its 52-week high of $4.45, offering almost -261.79% off that amount. The share price’s 52-week low was $1.04, which indicates that the current value has risen by an impressive 15.45% since then. We note from Argo Blockchain Plc ADR’s average daily trading volume that its 10-day average is 1.85 million shares, with the 3-month average coming to 573.27K.
Argo Blockchain Plc ADR stock received a consensus recommendation rating of Hold, based on a mean score of 3.50. If we narrow it down even further, the data shows that 1 out of 4 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 3 recommended ARBK as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Argo Blockchain Plc ADR is expected to report earnings per share of -0.14 for the current quarter.
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Argo Blockchain Plc ADR (NASDAQ:ARBK) trade information
Instantly ARBK has showed a green trend with a performance of 2.50% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.5450 on recent trading dayincreased the stock’s daily price by 20.39%. The company’s shares are currently down -67.11% year-to-date, but still up 8.85% over the last five days. On the other hand, Argo Blockchain Plc ADR (NASDAQ:ARBK) is 6.96% up in the 30-day period. We can see from the shorts that 0.92 million shares have been sold at a short interest cover period of 3.09 day(s).
The consensus price target as assigned by Wall Street analysts is $1.25, which translates to bulls needing to increase their stock price by 1.6% from its current value. Analyst projections state that ARBK is forecast to be at a low of $1 and a high of $8.
Argo Blockchain Plc ADR (ARBK) estimates and forecasts
Argo Blockchain Plc ADR share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -14.58 percent over the past six months and at a -8.82% annual growth rate that is well below the industry average of 9.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 30.00% in revenue this quarter, and will report an increase of 15.00% in the next quarter. The year-over-year growth rate is expected to be -8.24%, down from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 6.97M in revenue for the current quarter. 1 analysts expect Argo Blockchain Plc ADR to make 7.95M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 8.49M and 12.93M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -17.81%. Forecasts for the next quarter put sales growth at -38.48%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -18.79%.
ARBK Dividends
Argo Blockchain Plc ADR’s next quarterly earnings report is expected to be released in December.
Argo Blockchain Plc ADR (NASDAQ:ARBK)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.01% of Argo Blockchain Plc ADR shares, and 4.36% of them are in the hands of institutional investors. The stock currently has a share float of 4.36%. Argo Blockchain Plc ADR stock is held by 30.0 institutions, with VIDENT ADVISORY, LLC being the largest institutional investor. By 2024-06-30, it held 3.046% of the shares, which is about 1.76 million shares worth $2.02 million.
JANE STREET GROUP, LLC, with 0.2871% or 0.17 million shares worth $0.18 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
