ARB IOT Group Ltd (NASDAQ:ARBB) does about 143.08K shares in volume on a normal day but saw 308965064 shares change hands in the recent trading day. The company now has a market cap of 18.09M USD. Its current market price is $0.68, marking an increase of 107.43% compared to the previous close of $0.33. 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 $0.3129 and the current price is -84.96% off the 52-week high compared with 218.63% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.3092 and its 200-day simple moving average is $0.8291. If we look at the stock’s price movements over the week, volatility stands at 39.44%, which decreases to 14.77% 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 85.33 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 77.33% 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 118.64%, 121.26%, and -17.49% 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 101.21% over the week and 151.51% over the past month. Its price is -73.17% year-to-date and -46.97% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.
To reach the target analysts have set, the stock logically needs to grow 77.33 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 3.35.
