Argo Blockchain Plc ADR [NASDAQ: ARBK] price plunged by -5.27 percent to reach at -$0.04.
The one-year ARBK stock forecast points to a potential upside of 37.86. The average equity rating for ARBK stock is currently 3.50, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on 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 0.13, with the Price to Sales ratio for ARBK stock in the period of the last 12 months amounting to 0.73.
ARBK Stock Performance Analysis:
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 -41.70. With this latest performance, ARBK shares dropped by -46.11% in over the last four-week period, additionally sinking by -57.53% over the last 6 months – not to mention a drop of -62.05% 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 27.63, with the RSI for the last a single of trading hit 20.07, and the three-weeks RSI is set at 32.81 for Argo Blockchain Plc ADR [ARBK]. The present Moving Average for the last 50 days of trading for this stock 1.1473, while it was recorded at 0.8406 for the last single week of trading, and 1.3696 for the last 200 days.
Insight into Argo Blockchain Plc ADR Fundamentals:
Argo Blockchain Plc ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.52 and a Current Ratio set at 0.52.
ARBK Stock EPS
With the latest financial reports released by the company, Argo Blockchain Plc ADR posted -0.2/share EPS, while the average EPS was predicted by analysts to be reported at -0.1/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.1. 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.
Argo Blockchain Plc ADR [ARBK] Institutonal Ownership Details
There are presently around $4.40%, or 4.40%% 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 $$0.18 million in ARBK stocks shares; and JANE STREET GROUP, LLC, currently with $$101.15 million in ARBK stock with ownership which is approximately 0.1528%.
