ARB IOT Group Ltd [NASDAQ: ARBB] traded at a high on Monday, posting a 22.26 gain after which it closed the day’ session at $0.65.
The results of the trading session contributed to over 5339854 shares changing hands. Over the past one week, the price volatility of ARB IOT Group Ltd stands at 15.75% while the volatility over the past one month is 11.89%.
The market cap for ARBB stock reached $17.19 million, with 26.44 million shares outstanding and 15.04 million shares in the current float. Compared to the average trading volume of 3.63M shares, ARBB reached a trading volume of 5339854 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about 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 0.10, with the Price to Sales ratio for ARBB stock in the period of the last 12 months amounting to 1.39. The Price to Book ratio for the last quarter was 0.31, 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 3.04 with Quick ratio for the last quarter at 44.63.
How has ARBB stock performed recently?
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 6.47. With this latest performance, ARBB shares dropped by -6.23% in over the last four-week period, additionally plugging by 147.76% over the last 6 months – not to mention a drop of -41.71% 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 49.29, with the RSI for the last a single of trading hit 49.24, and the three-weeks RSI is set at 50.08 for ARB IOT Group Ltd [ARBB]. The present Moving Average for the last 50 days of trading for this stock 0.6194, while it was recorded at 0.6012 for the last single week of trading, and 0.4840 for the last 200 days.
ARB IOT Group Ltd [ARBB]: Deeper insight into the 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.
Insider trade positions for ARB IOT Group Ltd [ARBB]
There are presently around $1.44%, or 2.52%% of ARBB stock, in the hands of institutional investors.
