Analyzing Argo Blockchain Plc ADR (ARBK)’s quick and current ratios

Argo Blockchain Plc ADR (NASDAQ: ARBK) closed the day trading at $2.04 down -19.69% from the previous closing price of $2.54. In other words, the price has decreased by -$0.5000 from its previous closing price. On the day, 2059227 shares were traded. ARBK stock price reached its highest trading level at $2.5000 during the session, while it also had its lowest trading level at $2.0100.

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Ratios:

For a better understanding of ARBK, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.59 and its Current Ratio is at 0.59.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Barclays on October 10, 2022, Downgraded its rating to Equal Weight and sets its target price to $3 from $7 previously.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ARBK now has a Market Capitalization of 117.95M and an Enterprise Value of 178.50M. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.37. Its current Enterprise Value per Revenue stands at 3.61 whereas that against EBITDA is -1.05.

Stock Price History:

Over the past 52 weeks, ARBK has reached a high of $4.45, while it has fallen to a 52-week low of $0.92. The 50-Day Moving Average of the stock is 1.9538, while the 200-Day Moving Average is calculated to be 1.4745.

Shares Statistics:

Over the past 3-months, ARBK traded about 854.64K shares per day on average, while over the past 10 days, ARBK traded about 2.23M shares per day. A total of 57.70M shares are outstanding, with a floating share count of 53.53M. Shares short for ARBK as of Dec 28, 2023 were 205.15k with a Short Ratio of 0.21M, compared to 57.21k on Nov 29, 2023.

Earnings Estimates

Current recommendations for the stock of the company come from 3 analysts. On average, analysts expect EPS of -$0.07 for the current quarter, with a high estimate of -$0.01 and a low estimate of -$0.15, while EPS last year was $4. The consensus estimate for the next quarter is -$0.03, with high estimates of -$0.03 and low estimates of -$0.03.

Analysts are recommending an EPS of between -$0.51 and -$0.51 for the fiscal current year, implying an average EPS of -$0.51. EPS for the following year is -$0.4, with 3 analysts recommending between -$0.04 and -$0.79.

Revenue Estimates

A total of 4 analysts have provided revenue estimates for ARBK’s current fiscal year. The highest revenue estimate was $57.81M, while the lowest revenue estimate was $48.86M, resulting in an average revenue estimate of $52.09M. In the same quarter a year ago, actual revenue was $58.31M, down -10.70% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $59.43M in the next fiscal year. The high estimate is $63.63M and the low estimate is $49.4M. The average revenue growth estimate for next year is up 14.10% from the average revenue estimate for this year.

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