A share price of Argo Blockchain Plc ADR [ARBK] is currently trading at $1.35, down -8.16%. An important factor to consider is whether the stock is rising or falling in short-term value. The ARBK shares have gain 6.30% over the last week, with a monthly amount drifted -17.68%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Argo Blockchain Plc ADR [NASDAQ: ARBK] stock has seen the most recent analyst activity on April 26, 2024, when H.C. Wainwright downgraded its rating to a Neutral. Previously, Barclays downgraded its rating to Equal Weight on October 10, 2022, and dropped its price target to $3. On March 25, 2022, Stifel initiated with a Hold rating and assigned a price target of $11 on the stock. ROTH Capital started tracking the stock assigning a Buy rating and suggested a price target of $27 on November 01, 2021. Jefferies initiated its recommendation with a Buy and recommended $30 as its price target on October 18, 2021. Canaccord Genuity started tracking with a Buy rating for this stock on October 18, 2021, and assigned it a price target of $24. In a note dated October 18, 2021, Barclays initiated an Overweight rating and provided a target price of $22 on this stock.
Argo Blockchain Plc ADR experienced fluctuations in its stock price throughout the past year between $0.94 and $4.45. Currently, Wall Street analysts expect the stock to reach $2.88 within the next 12 months. Argo Blockchain Plc ADR [NASDAQ: ARBK] shares were valued at $1.35 at the most recent close of the market. An investor can expect a potential return of 113.33% based on the average ARBK price forecast.
Analyzing the ARBK fundamentals
Trailing Twelve Months sales for Argo Blockchain Plc ADR [NASDAQ:ARBK] were 63.22M which represents 45.82% growth. Gross Profit Margin for this corporation currently stands at 0.07% with Operating Profit Margin at -0.26%, Pretax Profit Margin comes in at -0.46%, and Net Profit Margin reading is -0.46%. To continue investigating profitability, this company’s Return on Assets is posted at -0.42, Equity is -42.92 and Total Capital is -0.35. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 6.7.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.2533 points at the first support level, and at 1.1567 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.4533, and for the 2nd resistance point, it is at 1.5567.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Argo Blockchain Plc ADR [NASDAQ:ARBK] is 0.65. On the other hand, the Quick Ratio is 0.65, and the Cash Ratio is 0.52. Considering the valuation of this stock, the price to sales ratio is 1.36, the price to book ratio is 10.08.
