Market Insights: Argo Blockchain Plc ADR (ARBK)’s Notable Gain of 2.65, Closing at 1.16

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As of close of business last night, Argo Blockchain Plc ADR’s stock clocked out at $1.16, up 2.65% from its previous closing price of $1.13. In other words, the price has increased by $2.65 from its previous closing price. On the day, 0.51 million shares were traded. ARBK stock price reached its highest trading level at $1.19 during the session, while it also had its lowest trading level at $1.1101.

Ratios:

To gain a deeper understanding of ARBK’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.43 and its Current Ratio is at 0.43.

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 73816832 and an Enterprise Value of 711925312. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.17. Its current Enterprise Value per Revenue stands at 12.755 whereas that against EBITDA is 93.564.

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 -3.13%, while the 200-Day Moving Average is calculated to be -28.17%.

Shares Statistics:

It appears that ARBK traded 470.72K shares on average per day over the past three months and 251980 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 1727654400 were 841793 with a Short Ratio of 1.79, compared to 1724976000 on 787028.

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