Argo Blockchain Plc ADR [NASDAQ: ARBK] price plunged by -48.60 percent to reach at $350249.64.
A sum of 7690999 shares traded at recent session while its average daily volume was at 350.25K shares. Argo Blockchain Plc ADR shares reached a high of $0.22 and dropped to a low of $0.1801 until finishing in the latest session at $350250.0.
The one-year ARBK stock forecast points to a potential downside of -56491835.48. The average equity rating for ARBK stock is currently 4.00, trading closer to a bullish pattern in the stock market.
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 $0.62 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 4.00. 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.
Keefe Bruyette have made an estimate for Argo Blockchain Plc ADR shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on January 08, 2025. The new note on the price target was released on April 26, 2024, representing the official price target for Argo Blockchain Plc ADR stock. Previously, the target price had yet another drop from $7 to $3, while Barclays kept a Equal Weight rating on ARBK stock.
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 -48.47. With this latest performance, ARBK shares dropped by -46.89% in over the last four-week period, additionally sinking by -72.50% over the last 6 months – not to mention a drop of -66.90% in the past year of trading.
Insight into Argo Blockchain Plc ADR Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Argo Blockchain Plc ADR [ARBK] shares currently have an operating margin of -25.97% and a Gross Margin at 1.38%. Argo Blockchain Plc ADR’s Net Margin is presently recorded at -109.99%.
Return on Equity for this stock declined to -115.33%, with Return on Assets sitting at -115.33%.
Argo Blockchain Plc ADR [ARBK] Institutonal Ownership Details
There are presently around $2.40%, or 2.41% 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 0.1528%.
