Argo Blockchain Plc ADR (NASDAQ:ARBK) shares, rose in value on Wednesday, June 18, with the stock price up by 0.69% to the previous day’s close as strong demand from buyers drove the stock to $0.38.
Actively observing the price movement in the last trading, the stock closed the session at $0.38, falling within a range of $0.3689 and $0.4011. The value of beta (5-year monthly) was 3.327. Referring to stock’s 52-week performance, its high was $1.99, and the low was $0.15. On the whole, ARBK has fluctuated by -15.98% over the past month.
With the market capitalization of Argo Blockchain Plc ADR currently standing at about $27.25 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Sep-08.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ARBK’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of ARBK currently trading nearly -3.72% and -1.85% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.55, while the 7-day volatility ratio is showing 1.14% which for the 30-day chart, stands at 5.05%. Furthermore, Argo Blockchain Plc ADR (ARBK)’s beta value is 1.93, and its average true range (ATR) is 0.04.
A comparison of Argo Blockchain Plc ADR (ARBK) with its peers suggests the former has fared considerably weaker in the market. ARBK showed an intraday change of 0.69% in last session, and over the past year, it shrunk by -70.54%%.
Data on historical trading for Argo Blockchain Plc ADR (NASDAQ:ARBK) indicates that the trading volumes over the past 10 days have averaged 0.28 and over the past 3 months, they’ve averaged 359.80K. According to company’s latest data on outstanding shares, there are 71.72 million shares outstanding.
Argo Blockchain Plc ADR’s shares belong to company insiders and institutional investors own 1.49% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.0 million shares as on 2025-05-30, resulting in a short ratio of 3.99. According to the data, the short interest in Argo Blockchain Plc ADR (ARBK) stood at 280.00 of shares outstanding as of 2025-05-30; the number of short shares registered in 2025-04-30 reached 1.88 million. The stock has fallen by -32.74% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ARBK stock heading into the next quarter.
