(ARGH) Steer Technologies - Ratings and Ratios

Argo Corporation, formerly known as Steer Technologies Inc., stands as a prominent provider of public transportation and mobility technology solutions in Canada. Renamed in July 2024, the company is headquartered in Toronto and is accessible at https://www.rideargo.com. Specializing in software applications, Argo focuses on innovative and sustainable solutions, including route optimization and fare payment systems, primarily serving municipalities and transit agencies.

From a technical standpoint, Argos stock (Ticker: ARGH) on the TSX Venture Exchange exhibits an average 20-day volume of 115,821 shares. The last price is $0.18, with a 20-day SMA of $0.16, 50-day SMA of $0.14, and 200-day SMA of $0.21. The ATR is $0.01, indicating low volatility.

Fundamentally, Argos market capitalization is 35.90M CAD. The P/B ratio is 18.46, and P/S is 11.91, suggesting high valuation relative to book value and revenue. Notably, the P/E and forward P/E are 0.00, and RoE is not available, possibly indicating no current earnings or insufficient data.

3-Month Forecast: Based on technical indicators, Argos stock may face downward pressure as the 20-day SMA is below the 50-day and 200-day SMAs, suggesting a bearish trend. The low ATR indicates potential price stability within a narrow range. On the fundamental side, the high P/B and P/S ratios may reflect market expectations for growth despite the absence of earnings data. Investors should monitor these metrics closely as they may influence the stocks short-term trajectory.