Arq Inc (NASDAQ:ARQ) does about 244.68K shares in volume on a normal day but saw 259901 shares change hands in the recent trading day. The company now has a market cap of 313.37M USD. Its current market price is $7.02, marking an increase of 6.20% compared to the previous close of $6.61. The 52 week high reached by this stock is $8.26 whilst the lowest price level in 52 weeks is $2.50.
Arq Inc (ARQ) has a 20-day trading average at $7.18 and the current price is -15.01% off the 52-week high compared with 180.80% distance from its 52-week low. The 50-day simple moving average of the closing price is $6.75 and its 200-day simple moving average is $6.46. If we look at the stock’s price movements over the week, volatility stands at 6.97%, which decreases to 4.90% 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 50.64 to suggest the stock is neutral.
The consensus objective for the share price is $10.00, suggesting that the stock has a potential upside of 29.8% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on November 19, 2024 when Canaccord Genuity initiated the stock to “Buy” and issued a price target of $10.
The current price level is -2.19%, 4.06%, and 8.64% away from its SMA20, SMA50, and SMA200 respectively, with the ARQ price moving above the 50-day SMA on current market day. Arq Inc (ARQ) stock is up 0.14% over the week and -10.69% over the past month. Its price is 135.57% year-to-date and 170.00% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at -0.02 and -0.12 for whole year. Expected sales for next quarter are $31.35M, which analysts say will come at $110.05M for the current fiscal year and next year at $143.05M. In addition, estimates put the company’s current quarterly revenue at an average of $28.34M.
To reach the target analysts have set, the stock logically needs to grow 29.8 percent from here.
Outstanding shares total 42.03M with insiders holding 19.11% of the shares and institutional holders owning 36.99% of the company’s common stock. The company has a return on investment of -0.20% and return on equity of -0.24%. The forward price to earnings ratio is 50.14. The beta has a value of 1.55. Price to book ratio is 1.35 and price to sales ratio is 2.85.
