As this happened, H.C. Wainwright downgraded its Argo Blockchain Plc ADR [ARBK] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in early October from “an Overweight” to “an Equal weight”. Stifel began covering ARBK with “Hold” recommendation on March 25, 2022. ROTH Capital started covering the stock on November 01, 2021. It rated ARBK as “a Buy”.
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Price Performance Review of ARBK
On Tuesday, Argo Blockchain Plc ADR [NASDAQ:ARBK] saw its stock fall -14.27% to $0.81. Over the last five days, the stock has lost -27.92%. Argo Blockchain Plc ADR shares have fallen nearly -78.22% since the year began. Nevertheless, the stocks have fallen -34.31% over the past one year. While a 52-week high of $4.45 was reached on 01/02/24, a 52-week low of $0.90 was recorded on 12/03/24. SMA at 50 days reached $1.1653, while 200 days put it at $1.3854.
Levels Of Support And Resistance For ARBK Stock
The 24-hour chart illustrates a support level at 0.7301, which if violated will result in even more drops to 0.6458. On the upside, there is a resistance level at 0.9034. A further resistance level may holdings at 0.9924. The Relative Strength Index (RSI) on the 14-day chart is 32.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1567, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.15%. Stochastics %K at 12.22% indicates the stock is a buying.
How much short interest is there in Argo Blockchain Plc ADR?
A steep rise in short interest was recorded in Argo Blockchain Plc ADR stocks on 2024-10-31, growing by 76552.0 shares to a total of 0.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.84 million shares. There was a rise of 8.34%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 18, 2021 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $30 price target.
