Balance Sheet Insights: Argo Blockchain Plc ADR (ARBK)’s Debt-to-Equity and Long-Term Debt/Eq Ratios

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In the latest session, Argo Blockchain Plc ADR (NASDAQ: ARBK) closed at $1.07 down -15.68% from its previous closing price of $1.27. In other words, the price has decreased by -$15.68 from its previous closing price. On the day, 1.02 million shares were traded. ARBK stock price reached its highest trading level at $1.29 during the session, while it also had its lowest trading level at $1.07.

Ratios:

For a deeper understanding of Argo Blockchain Plc ADR’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.65 and its Current Ratio is at 0.65. In the meantime, Its Debt-to-Equity ratio is 6.70 whereas as Long-Term Debt/Eq ratio is at 5.06.

On October 10, 2022, Barclays Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation from $7 to $3.

On March 25, 2022, Stifel started tracking the stock assigning a Hold rating and target price of $11.Stifel initiated its Hold rating on March 25, 2022, with a $11 target price.

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 68048472 and an Enterprise Value of 376967008. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.98 while its Price-to-Book (P/B) ratio in mrq is 7.99. Its current Enterprise Value per Revenue stands at 6.715 whereas that against EBITDA is 50.115.

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 $0.94. The 50-Day Moving Average of the stock is -24.12%, while the 200-Day Moving Average is calculated to be -35.11%.

Shares Statistics:

For the past three months, ARBK has traded an average of 343.74K shares per day and 462410 over the past ten days. A total of 53.70M shares are outstanding, with a floating share count of 53.53M. Shares short for ARBK as of 1715731200 were 811563 with a Short Ratio of 2.31, compared to 1713139200 on 686477.

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