During the last session, Argo Blockchain Plc ADR (NASDAQ:ARBK)’s traded shares were 1.46 million, with the beta value of the company hitting 1.86. The 52-week high for the ARBK share is $4.45, that puts it down -297.32 from that peak though still a striking 8.93% gain since the share price plummeted to a 52-week low of $1.02. The company’s market capitalization is $71.43M, and the average intraday trading volume over the past 10 days was 2.21 million shares, and the average trade volume was 667.07K shares over the past three months.
Argo Blockchain Plc ADR (ARBK) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.50. ARBK has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.
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Argo Blockchain Plc ADR (NASDAQ:ARBK) trade information
The stock’s 5-day price performance is -6.67%, and it has moved by 0.00% in 30 days. Based on these gigs, the overall price performance for the year is -1.75%. The short interest in Argo Blockchain Plc ADR (NASDAQ:ARBK) is 0.92 million shares and it means that shorts have 3.09 day(s) to cover.
The consensus price target of analysts on Wall Street is $1.25, which implies an increase of 10.4% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1 and $8 respectively. As a result, ARBK is trading at a discount of -614.29% off the target high and 10.71% off the low.
Argo Blockchain Plc ADR (ARBK) estimates and forecasts
Statistics show that Argo Blockchain Plc ADR has underperformed its competitors in share price, compared to the industry in which it operates. Argo Blockchain Plc ADR (ARBK) shares have gone down -18.25% during the last six months, with a year-to-date growth rate less than the industry average at -8.82% against 8.60. In the rating firms’ projections, revenue will decrease -8.48% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 7.99M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 11.8M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 12.93M and 13.25M respectively. In this case, analysts expect current quarter sales to shrink by -38.19% and then drop by -10.92% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -18.79%. While earnings are projected to return -288.57% in 2024.
ARBK Dividends
Argo Blockchain Plc ADR is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Argo Blockchain Plc ADR (NASDAQ:ARBK)’s Major holders
Argo Blockchain Plc ADR insiders own 0.01% of total outstanding shares while institutional holders control 4.40%, with the float percentage being 4.40%. VIDENT ADVISORY, LLC is the largest shareholder of the company, while 31.0 institutions own stock in it. As of 2024-06-30, the company held over 1.76 million shares (or 3.046% of all shares), a total value of $2.02 million in shares.
The next largest institutional holding, with 0.17 million shares, is of JANE STREET GROUP, LLC’s that is approximately 0.2871% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $0.18 million.
