ARB IOT Group Ltd [NASDAQ: ARBB] price surged by 14.05 percent to reach at $0.1.
The one-year ARBB stock forecast points to a potential upside of 72.67. The average equity rating for ARBB stock is currently 1.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on ARB IOT Group Ltd [ARBB]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ARBB shares is $3.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ARBB stock is a recommendation set at 1.00. 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.
The Average True Range (ATR) for ARB IOT Group Ltd is set at 0.12, with the Price to Sales ratio for ARBB stock in the period of the last 12 months amounting to 1.75. The Price to Book ratio for the last quarter was 0.39, with the Price to Cash per share for the same quarter was set at 0.27. Price to Free Cash Flow for ARBB in the course of the last twelve months was 3.84 with Quick ratio for the last quarter at 44.63.
ARBB Stock Performance Analysis:
ARB IOT Group Ltd [ARBB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.59. With this latest performance, ARBB shares gained by 73.51% in over the last four-week period, additionally plugging by 181.11% over the last 6 months – not to mention a drop of -40.97% 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 ARBB stock in for the last two-week period is set at 59.84, with the RSI for the last a single of trading hit 61.08, and the three-weeks RSI is set at 59.00 for ARB IOT Group Ltd [ARBB]. The present Moving Average for the last 50 days of trading for this stock 0.5731, while it was recorded at 0.7171 for the last single week of trading, and 0.4794 for the last 200 days.
Insight into ARB IOT Group Ltd Fundamentals:
ARB IOT Group Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 44.63 and a Current Ratio set at 44.63.
ARB IOT Group Ltd [ARBB] Institutonal Ownership Details
There are presently around $1.44%, or 2.52%% of ARBB stock, in the hands of institutional investors.
