Argo Blockchain Plc ADR [NASDAQ: ARBK] loss -1.48% on the last trading session, reaching $1.33 price per share at the time.
If compared to the average trading volume of 490.88K shares, ARBK reached a trading volume of 3607396 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Argo Blockchain Plc ADR [ARBK]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ARBK shares is $1.03 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ARBK stock is a recommendation set at 3.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
H.C. Wainwright have made an estimate for Argo Blockchain Plc ADR shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 26, 2024. While these analysts kept the previous recommendation, Barclays dropped their target price from $7 to $3. The new note on the price target was released on October 10, 2022, representing the official price target for Argo Blockchain Plc ADR stock. Previously, the target price had yet another raise to $11, while Stifel analysts kept a Hold rating on ARBK stock.
The Average True Range (ATR) for Argo Blockchain Plc ADR is set at 0.14, with the Price to Sales ratio for ARBK stock in the period of the last 12 months amounting to 1.34.
Trading performance analysis for ARBK stock
Argo Blockchain Plc ADR [ARBK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.21. With this latest performance, ARBK shares gained by 18.75% in over the last four-week period, additionally sinking by -11.33% over the last 6 months – not to mention a rise of 22.02% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ARBK stock in for the last two-week period is set at 55.95, with the RSI for the last a single of trading hit 57.65, and the three-weeks RSI is set at 54.50 for Argo Blockchain Plc ADR [ARBK]. The present Moving Average for the last 50 days of trading for this stock 1.1760, while it was recorded at 1.2700 for the last single week of trading, and 1.4616 for the last 200 days.
Argo Blockchain Plc ADR [ARBK]: A deeper dive into fundamental analysis
Argo Blockchain Plc ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.43 and a Current Ratio set at 0.43.
Argo Blockchain Plc ADR [ARBK]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Argo Blockchain Plc ADR posted -0.02/share EPS, while the average EPS was predicted by analysts to be reported at -0.14/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.12. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ARBK.
An analysis of Institutional ownership at Argo Blockchain Plc ADR [ARBK]
There are presently around $4.40%, or 4.41%% of ARBK stock, in the hands of institutional investors. The top three institutional holders of ARBK stocks are: VIDENT ADVISORY, LLC with ownership of 1.76 million shares, which is approximately 3.046%. JANE STREET GROUP, LLC, holding 0.17 million shares of the stock with an approximate value of $$0.18 million in ARBK stocks shares; and JANE STREET GROUP, LLC, currently with $$0.1 million in ARBK stock with ownership which is approximately 0.1523%.
