Argo Blockchain Plc ADR (ARBK): A Great Stock For Handling Current Market Conditions?

Currently, there are 57.72M common shares owned by the public and among those 53.53M shares have been available to trade.

Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.

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However, the script later moved the day high at 2.6800, down -1.94%. The company’s stock has a 5-day price change of 1.61% and 116.24% over the past three months. ARBK shares are trading -32.35% year to date (YTD), with the 12-month market performance up to 57.14% higher. It has a 12-month low price of $0.92 and touched a high of $4.45 over the same period. ARBK has an average intraday trading volume of 1.11 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 17.16%, 5.84%, and 63.54% respectively.

Institutional ownership of Argo Blockchain Plc ADR (NASDAQ: ARBK) shares accounts for 2.42% of the company’s 57.72M shares outstanding.

It has a market capitalization of $146.03M and a beta (3y monthly) value of 1.99. The earnings-per-share (ttm) stands at -$4.37. Price movements for the stock have been influenced by the stock’s volatility, which stands at 12.90% over the week and 12.28% over the month.

Analysts forecast that Argo Blockchain Plc ADR (ARBK) will achieve an EPS of $ARK 21Shares Bitcoin ETF for the current quarter, $51.97 for the next quarter and $ETF for Type. The lowest estimate earnings-per-share for the quarter is $Argo Blockchain plc while analysts give the company a high EPS estimate of $ARB IOT Group Limited. Comparatively, EPS for the current quarter was $ARB a year ago. Earnings per share for the fiscal year are expected to increase by 87.25%, and 29.44% over the next financial year.

Looking at the support for the ARBK, a number of firms have released research notes about the stock. Barclays stated their Equal Weight rating for the stock in a research note on October 10, 2022, with the firm’s price target at $7-$3.

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