ARBB Stock Summary and Trading Ideas (Arb Iot Group Limited - | NASDAQ:ARBB)

ARB IOT Group Ltd is engaged in provision of hardware and software of Internet of Things solutions to meet customers' demand in four business lines, which are IoT Smart Home and Buildings, IoT Smart Agriculture, IoT System Development, and IoT Gadget Distribution. The company delivers holistic solutions with full turnkey deployment from designing, installation, testing, pre-commissioning, and commissioning of various IoT systems and devices as well as integration of automated systems, including installation of wire and wireless and mechatronic works. The company has two operating segments: Internet of Things ('IoT') and Investment holding and others. It earns its maximum profit from the Internet of Things segment.

Arb Iot Group Limited - trades on the NASDAQ stock market under the symbol ARBB.

As of April 19, 2024, ARBB stock price climbed to $1.18 with 314,160 million shares trading.

ARBB has a beta of 0.14, meaning it tends to be less sensitive to market movements. ARBB has a correlation of 0.00 to the broad based SPY ETF.

ARBB has a market cap of $31.03 million. This is considered a Sub-Micro Cap stock.

ARBB has underperformed the market in the last year with a price return of -69.7% while the SPY ETF gained +21.2%. ARBB has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -7.1% and -11.3%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

ARBB support price is $.91 and resistance is $1.01 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ARBB stock will trade within this expected range on the day.