Argo Blockchain Plc ADR (NASDAQ:ARBK) has a beta value of 1.86 and has seen 1.09 million shares traded in the last trading session. The company, currently valued at $72.07M, closed the last trade at $1.13 per share which meant it lost -$0.04 on the day or -3.42% during that session. The ARBK stock price is -293.81% off its 52-week high price of $4.45 and 9.73% above the 52-week low of $1.02. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.15 million shares traded. The 3-month trading volume is 704.28K shares.
The consensus among analysts is that Argo Blockchain Plc ADR (ARBK) is Hold stock at the moment, with a recommendation rating of 3.50. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 4 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight.
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Argo Blockchain Plc ADR (NASDAQ:ARBK) trade information
Sporting -3.42% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ARBK stock price touched $1.13 or saw a rise of 6.61%. Year-to-date, Argo Blockchain Plc ADR shares have moved -69.79%, while the 5-day performance has seen it change -0.88%. Over the past 30 days, the shares of Argo Blockchain Plc ADR (NASDAQ:ARBK) have changed 0.89%. Short interest in the company has seen 0.92 million shares shorted with days to cover at 3.09.
Wall Street analysts have a consensus price target for the stock at $1.25, which means that the shares’ value could jump 9.6% from current levels. The projected low price target is $1.0 while the price target rests at a high of $8.0. In that case, then, we find that the current price level is -607.96% off the targeted high while a plunge would see the stock lose 11.5% from current levels.
Argo Blockchain Plc ADR (ARBK) estimates and forecasts
Figures show that Argo Blockchain Plc ADR shares have underperformed across the wider relevant industry. The company’s shares have lost -18.71% over the past 6 months, with this year growth rate of -1.47%, compared to 8.60% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -18.79% over the past 5 years.
ARBK Dividends
Argo Blockchain Plc ADR is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Argo Blockchain Plc ADR (NASDAQ:ARBK)’s Major holders
Insiders own 0.01% of the company shares, while shares held by institutions stand at 4.40% with a share float percentage of 4.40%. Investors are also buoyed by the number of investors in a company, with Argo Blockchain Plc ADR having a total of 31.0 institutions that hold shares in the company. The top two institutional holders are VIDENT ADVISORY, LLC with over 1.76 million shares worth more than $2.02 million. As of 2024-06-30, VIDENT ADVISORY, LLC held 3.046% of shares outstanding.
The other major institutional holder is JANE STREET GROUP, LLC, with the holding of over 0.17 million shares as of 2024-06-30. The firm’s total holdings are worth over $0.18 million and represent 0.2871% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Valkyrie ETF Tr II-Valkyrie Bitcoin Miners ETF and Tidal Trust II-Blueprint Chesapeake Multi-Asset Trend ETF . As of Sep 30, 2024 , the former fund manager holds about 3.06% shares in the company for having 1.95 shares of worth $2.2 million while later fund manager owns 12.9 shares of worth $14576.0 as of Jun 30, 2024 , which makes it owner of about 0.02% of company’s outstanding stock.
