Argo Blockchain Plc ADR (NASDAQ:ARBK) does about 414.88K shares in volume on a normal day but saw 620775 shares change hands in the recent trading day. The company now has a market cap of 94.28M USD. Its current market price is $1.63, marking an increase of 8.67% compared to the previous close of $1.50. The 52 week high reached by this stock is $4.45 whilst the lowest price level in 52 weeks is $0.94. The script in recent trading has seen the stock touch a high of $8 and a low of $1.
Argo Blockchain Plc ADR (ARBK) has a 20-day trading average at $1.3539 and the current price is -63.37% off the 52-week high compared with 73.40% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.3484 and its 200-day simple moving average is $1.6819. If we look at the stock’s price movements over the week, volatility stands at 14.13%, which decreases to 11.97% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 58.89 to suggest the stock is neutral.
The consensus objective for the share price is $1.10, suggesting that the stock has a potential downside of -48.18% over the period. The median price target is -30.4% away from the current levels at $1.25.
1 analysts have rated it as a buy and 3 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Hold the stock.
Barclays also downgraded the stock to “Equal Weight” from Overweight on October 10, 2022 at a price target of $7-$3. Stifel initiated its price target at $11.
Argo Blockchain Plc ADR (ARBK) stock is up 10.88% over the week and 38.14% over the past month. Its price is -56.42% year-to-date and 9.40% over the past year.
Its 12-month price target is $1.25. To reach the target analysts have set, the stock logically needs to shrink -48.18 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $1, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $8.
The company has a return on investment of -62.96% and return on equity of -446.50%. The beta has a value of 1.84. Price to book ratio is 12.17 and price to sales ratio is 1.49.
