ARB IOT Group Ltd (NASDAQ: ARBB) is 56.44% higher on its value in year-to-date trading and has touched a low of $0.21 and a high of $1.49 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ARBB stock was last observed hovering at around $0.70 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $0.77, the stock is 3.65% and 29.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.11 million and changing 10.00% at the moment leaves the stock 60.41% off its SMA200. ARBB registered -42.62% loss for a year compared to 6-month gain of 187.65%. The firm has a 50-day simple moving average (SMA 50) of $0.59286 and a 200-day simple moving average (SMA200) of $0.47937.
The stock witnessed a 60.19% loss in the last 1 month and extending the period to 3 months gives it a 80.92%, and is -8.46% down 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 11.40% over the week and 20.61% over the month.
ARB IOT Group Ltd (ARBB) has around 13 employees, a market worth around $20.33M and $12.40M in sales. Profit margin for the company is -95.00%. Distance from 52-week low is 258.13% and -48.40% from its 52-week high. The company has generated returns on investments over the last 12 months (-21.04%).
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ARB IOT Group Ltd (ARBB) Top Institutional Holders
5.0 institutions hold shares in ARB IOT Group Ltd (ARBB), with institutional investors hold 2.52% of the company’s shares. The shares outstanding are 26.44M, and float is at 15.04M with Short Float at 2.86%. Institutions hold 1.44% of the Float.
ARB IOT Group Ltd (ARBB) Insider Activity
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