After grabbing 0.15 million shares, the institutional investor is now in possession of 0.15 million shares of the Financial Company. The new investment brought the stake of investor firm to 0.28% having worth around $0.17 million. Moreover, Redwood Wealth Management Group L increased its share by 2900.0 to have a control over 57455.0 shares. And XTX Markets LLC raised its holdings to 56838.0 shares by acquiring 56838.0 shares or 0.11% of the stake.
Argo Blockchain Plc ADR (ARBK) concluded trading on 12/27/23 at a closing price of $3.75, with 4.0 million shares of worth about $15.0 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 137.34% during that period and on Wednesday the price saw a gain of about 9.33%. Currently the company’s common shares owned by public are about 53.70M shares, out of which, 53.53M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 0 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
Valkyrie Bitcoin Miners ETF, Harvest ETFs 2 – Blockchain Techn, and Fidelity Nasdaq Composite Index F are the top 3 mutual funds which are holding stakes in Argo Blockchain Plc ADR Valkyrie Bitcoin Miners ETF is currently holding 0.26 million shares of worth totaling $0.29 million. The company recently came buying 0.0 shares which brought its stake up to 0.48% of the company’s outstanding shares. Harvest ETFs 2 – Blockchain Techn bought 17076.0 shares, after which its hold over company’s outstanding shares expand to 0.09%, leaving 47148.0 shares with the mutual fund that have a worth of about $52334.0. Fidelity Nasdaq Composite Index F, after buying 2709.0 shares, have now control over 0.01% of the stake in the company. It holds 0.0 shares of worth $3007.0.
Argo Blockchain Plc ADR (NASDAQ: ARBK) started trading at $3.31, below -$0.12 from concluding price of the previous day. Stock saw a price change of 88.44% in past 5 days and over the past one month there was a price change of 226.09%. Year-to-date (YTD), ARBK shares are showing a performance of 247.22% which increased to 825.70% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.54 but also hit the highest price of $3.60 during that period. The average intraday trading volume for Argo Blockchain Plc ADR shares is 428.31K. The stock is currently trading 98.05% above its 20-day simple moving average (SMA20), while that difference is up 159.25% for SMA50 and it goes to 172.46% higher than SMA200.
Vident Advisory LLC acquired 0.15 million shares of Argo Blockchain Plc ADR having value of about $0.17 million. Argo Blockchain Plc ADR (NASDAQ: ARBK) currently have 53.70M outstanding shares and institutions hold larger chunk of about 0.82% of that. Holding of mutual funds in the company is about 0.58% while other institutional holders and individual stake holders have control over 0.73% and — of the stake respectively.
The stock has a current market capitalization of $201.38M and its 3Y-monthly beta is at 1.87. It has posted earnings per share of -$4.37 in the same period. It has Quick Ratio of 0.59. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ARBK, volatility over the week remained 21.92% while standing at 16.49% over the month.
Analysts are in expectations that Argo Blockchain Plc ADR (ARBK) stock would likely to be making an EPS of -$0.07 in the current quarter, while forecast for next quarter EPS is -$0.03 and it is -$0.4 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.15 which is -$0.01 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $4 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 87.25% while it is estimated to increase by 24.37% in next year.
Analysts at 4 brokerage firms have issued recommendations for the Argo Blockchain Plc ADR (ARBK)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.50. Out of those 4 Wall Street analysts, 2 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on October 10, 2022 offering an Equal weight rating for the stock and assigned a target price range of between $7 and $3 to it.
