ARB IOT Group Ltd (NASDAQ: ARBB) is -80.00% lower on its value in year-to-date trading and has touched a low of $0.21 and a high of $4.55 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ARBB stock was last observed hovering at around $0.46 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $0.51, the stock is -13.94% and 17.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.23 million and changing 10.82% at the moment leaves the stock -32.02% off its SMA200. ARBB registered -45.56% loss for a year compared to 6-month loss of -36.26%. The firm has a 50-day simple moving average (SMA 50) of $0.42906 and a 200-day simple moving average (SMA200) of $0.76044.
The stock witnessed a -7.29% gain in the last 1 month and extending the period to 3 months gives it a 69.97%, and is 1.35% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 15.88% over the week and 19.49% over the month.
ARB IOT Group Ltd (ARBB) has around 13 employees, a market worth around $13.48M and $12.40M in sales. Profit margin for the company is -95.00%. Distance from 52-week low is 137.49% and -88.79% from its 52-week high. The company has generated returns on investments over the last 12 months (-21.04%).
The shares outstanding are 26.44M, and float is at 15.04M with Short Float at 2.17%.
