ARB IOT Group Ltd (NASDAQ:ARBB) does about 123.33K shares in volume on a normal day but saw 727319 shares change hands in the recent trading day. The company now has a market cap of 9.92M USD. Its current market price is $0.38, marking an increase of 7.14% compared to the previous close of $0.35. The 52 week high reached by this stock is $4.55 whilst the lowest price level in 52 weeks is $0.21.
ARB IOT Group Ltd (ARBB) has a 20-day trading average at $0.2843 and the current price is -91.76% off the 52-week high compared with 74.66% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.3019 and its 200-day simple moving average is $0.8455. If we look at the stock’s price movements over the week, volatility stands at 13.72%, which decreases to 8.69% 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 74.37 to suggest the stock is overbought.
The consensus objective for the share price is $3.00, suggesting that the stock has a potential upside of 87.33% over the period.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The current price level is 31.89%, 24.21%, and -55.65% away from its SMA20, SMA50, and SMA200 respectively, with the ARBB price moving below the 50-day SMA on current market day. ARB IOT Group Ltd (ARBB) stock is up 42.05% over the week and 38.89% over the past month. Its price is -85.29% year-to-date and -73.38% over the past year.
To reach the target analysts have set, the stock logically needs to grow 87.33 percent from here.
Outstanding shares total 26.44M with insiders holding 43.11% of the shares and institutional holders owning 1.13% of the company’s common stock. The beta has a value of 3.44.
