How have the shares performed?
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .
ARCA biopharma Inc. (ABIO) saw an uptrend of 2.95% in the recent trading with $4.89 being its most recent. The current price level -77.77% lower than the highest price of $22.00 marked by the stock while trading over the past 52-weeks, whereas it is 121.27% higher than the lowest price of $2.21 the company dropped to over past 52-weeks. The latest news story on ABIO appeared in Simply Wall St. under the title “Here’s Why We’re Not Too Worried About ARCA biopharma’s (NASDAQ:ABIO) Cash Burn Situation” on Feb-13-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -11.09% below one month high and is +18.12% above of the lowest during that time. Looking into the simple moving average, ARCA biopharma Inc. (ABIO)’s stock stands at a SMA-50 of $4.46 while that of 5-day is reading $4.88.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and ABIO’s SMA-200 as of now is $5.25.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform.
ARCA biopharma Inc. Earnings – What Happened With ABIO
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. ARCA biopharma Inc. (ABIO) last released financial results for the quarter that ended 6/29/2020, posting a surprise factor of 71.70% for net revenue.
ABIO – ARCA biopharma Inc. Stock Earnings Estimates
The perspective of ARCA biopharma Inc. (NASDAQ:ABIO)’s current quarter earnings identifies that analysts are in consensus over the estimate of -2.58 for stock’s EPS in the current quarter. Company’s EPS for the last quarter was -0.73.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 9.32 million. ABIO does have institutional investors; and they hold 8.60% of the stock.
ARCA biopharma Inc. – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 1 new insider purchases involving 10,000 shares. On the other hand, ABIO declared 0 shares have been sold in 0 insider transactions over the past three months.
As on Dec 30, 2020, Blackrock Inc. was the top most holder in ARCA biopharma Inc. (NASDAQ:ABIO) with an ownership of 0.29 million shares of the company or 3.08% of the stake worth $1.15 million. The filing also reveals Renaissance Technologies, LLC as the second largest holder in the company with a control over 2.20% of the outstanding shares. Its stake is worth $0.82 million for having 0.21 million shares in hand.
Gsa Capital Partners Llp also came holding a key position in the company during the recent quarter and it now holds 0.49% of the outstanding shares. With this there are now 21 institutions which have possession in ABIO’s shares.
Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by ARCA biopharma Inc. was 9.16 while posting a debt to equity ratio of 0.00.
ARCA biopharma Inc.’s return on equity, or ROE, is -31.30%, compared to the industry average of -46.05% for Healthcare – Biotechnology. Although this indicates that ABIO uses its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of ARCA biopharma Inc. (NASDAQ:ABIO) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for ARCA biopharma Inc. (ABIO), we notice that the stock’s 20-day average volume is at 1,508,700 shares and 50% of short term indicators are suggesting the stock as Buy. Its 50-day average volume of 970,940 shares. And to end with, ABIO’s 100-day average volume are 730,945 shares.