In the last trading session, 3.74 million Argo Blockchain Plc ADR (NASDAQ:ARBK) shares changed hands as the company’s beta touched 1.83. With the company’s per share price at $0.81 changed hands at -$0.14 or -14.27% during last session, the market valuation stood at $51.95M. ARBK’s last price was a discount, traded about -449.38% off its 52-week high of $4.45. The share price had its 52-week low at $0.90, which suggests the last value was -11.11% down since then. When we look at Argo Blockchain Plc ADR’s average trading volume, we note the 10-day average is 1.73 million shares, with the 3-month average coming to 814.25K.
Analysts gave the Argo Blockchain Plc ADR (ARBK) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.50. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended ARBK as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Argo Blockchain Plc ADR’s EPS for the current quarter is expected to be 0.
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Argo Blockchain Plc ADR (NASDAQ:ARBK) trade information
Instantly ARBK was in red as seen at the end of in last trading. With action -27.92%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -78.22%, with the 5-day performance at -27.92% in the red. However, in the 30-day time frame, Argo Blockchain Plc ADR (NASDAQ:ARBK) is -30.09% down. Looking at the short shares, we see there were 0.92 million shares sold at short interest cover period of 3.09 days.
The consensus price target for the stock as assigned by Wall Street analysts is 1.25, meaning bulls need an upside of 35.2% from its current market value. According to analyst projections, ARBK’s forecast low is 1 with 8 as the target high. To hit the forecast high, the stock’s price needs a -887.65% plunge from its current level, while the stock would need to soar -23.46% for it to hit the projected low.
Argo Blockchain Plc ADR (ARBK) estimates and forecasts
Data shows that the Argo Blockchain Plc ADR share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -39.67% over the past 6 months, a -1.47% in annual growth rate that is considerably lower than the industry average of 8.00%. Year-over-year growth is forecast to reach -8.95% down from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 7.76M. 1 analysts are of the opinion that Argo Blockchain Plc ADR’s revenue for the current quarter will be 11.8M. The company’s revenue for the corresponding quarters a year ago was 12.93M and 13.25M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -39.95%. The estimates for the next quarter sales put growth at -10.92%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -18.79%. The 2024 estimates are for Argo Blockchain Plc ADR earnings to decrease by -288.57%.
ARBK Dividends
Argo Blockchain Plc ADR is expected to release its next quarterly earnings report in January.
Argo Blockchain Plc ADR (NASDAQ:ARBK)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.01% of Argo Blockchain Plc ADR shares while 4.40% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 4.40%. There are 4.40% institutions holding the Argo Blockchain Plc ADR stock share, with VIDENT ADVISORY, LLC the top institutional holder. As of 2024-06-30, the company held 3.046% of the shares, roughly 1.76 million ARBK shares worth $2.02 million.
JANE STREET GROUP, LLC holds the second largest percentage of outstanding shares, with 0.2871% or 0.17 million shares worth $0.18 million as of 2024-06-30.
