The trading price of Arq Inc (NASDAQ:ARQ) closed higher on Friday, May 23, and closing at $4.53, 2.02% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $8.11 and a 52-week low of $3.34. Over the past month, the stock has gained 23.23% in value.
Arq Inc, whose market valuation is $191.43 million at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.02 per share this quarter, however they have predicted annual earnings per share of 0.04 for current year and 0.28 for next year.
Analysts have forecast the company to bring in revenue of 25.35M for the current quarter, with the likely lows of 25.2M and highs of 25.49M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 116.9M.
On the technical side, indicators suggest ARQ has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that ARQ’s price is currently 10.68% off the SMA20 and 11.33% off the SMA50. The RSI metric on the 14-day chart is currently showing 58.08, and weekly volatility stands at 5.17%. When measured over the past 30 days, the indicator reaches 6.38%. Arq Inc (NASDAQ:ARQ)’s beta value is currently sitting at 1.65, while the Average True Range indicator is currently displaying 0.34.
To see how Arq Inc stock has been performing in comparison to its peers in the industry, here are the numbers: ARQ stock’s performance was 2.02% in the latest trading, and -36.93% in the past year.
An evaluation of the daily trading volume of Arq Inc (NASDAQ:ARQ) indicates that the 3-month average is 279.85K.
Currently, records show that 42.16 million of the company’s shares remain outstanding. The insiders hold 19.41% of outstanding shares, whereas institutions hold 39.18%. However, since the stock’s price has seen -40.09% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
