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The closing price of Argo Blockchain Plc ADR (NASDAQ: ARBK) was $1.51 for the day, down -9.58% from the previous closing price of $1.67. In other words, the price has decreased by -$9.58 from its previous closing price. On the day, 1.63 million shares were traded. ARBK stock price reached its highest trading level at $1.73 during the session, while it also had its lowest trading level at $1.47.
Ratios:
Our analysis of ARBK’s different ratios will help us gain a deeper understanding of the company. 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 89798488 and an Enterprise Value of 515787008. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.38 while its Price-to-Book (P/B) ratio in mrq is 11.27. Its current Enterprise Value per Revenue stands at 9.188 whereas that against EBITDA is 68.571.
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 14.74%, while the 200-Day Moving Average is calculated to be -9.04%.
Shares Statistics:
ARBK traded an average of 322.85K shares per day over the past three months and 726672 shares per day 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 1719532800 were 754071 with a Short Ratio of 2.34, compared to 1717113600 on 793578.
