Gaining Ground: Arq Inc (ARQ) Closes Lower at 5.10, Down -17.34

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The price of Arq Inc (NASDAQ: ARQ) closed at $5.10 in the last session, down -17.34% from day before closing price of $6.17. In other words, the price has decreased by -$17.34 from its previous closing price. On the day, 2.21 million shares were traded. ARQ stock price reached its highest trading level at $5.387 during the session, while it also had its lowest trading level at $5.1.

Ratios:

We take a closer look at ARQ’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.83 and its Current Ratio is at 2.68. In the meantime, Its Debt-to-Equity ratio is 0.16 whereas as Long-Term Debt/Eq ratio is at 0.14.

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 this company, Rodman & Renshaw on February 06, 2017, initiated with a Buy rating and assigned the stock a target price of $18.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 20 ’23 when Wong Joseph M bought 35,000 shares for $2.48 per share. The transaction valued at 86,908 led to the insider holds 226,913 shares of the business.

Wong Joseph M bought 30,000 shares of ARQ for $73,386 on Nov 17 ’23. The Chief Technology Officer now owns 191,913 shares after completing the transaction at $2.45 per share. On Nov 21 ’23, another insider, Wong Joseph M, who serves as the Chief Technology Officer of the company, bought 25,000 shares for $2.53 each. As a result, the insider paid 63,300 and bolstered with 251,913 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ARQ now has a Market Capitalization of 186220880 and an Enterprise Value of 188167664. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.77 while its Price-to-Book (P/B) ratio in mrq is 0.97. Its current Enterprise Value per Revenue stands at 1.791 whereas that against EBITDA is 54.843.

Stock Price History:

Over the past 52 weeks, ARQ has reached a high of $8.26, while it has fallen to a 52-week low of $1.50. The 50-Day Moving Average of the stock is -18.02%, while the 200-Day Moving Average is calculated to be -4.12%.

Shares Statistics:

According to the various share statistics, ARQ traded on average about 241.28K shares per day over the past 3-months and 348930 shares per day over the past 10 days. A total of 33.17M shares are outstanding, with a floating share count of 28.43M. Insiders hold about 22.15% of the company’s shares, while institutions hold 29.60% stake in the company. Shares short for ARQ as of 1724976000 were 1230045 with a Short Ratio of 5.10, compared to 1722384000 on 1174718. Therefore, it implies a Short% of Shares Outstanding of 1230045 and a Short% of Float of 3.8399997999999997.

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