Argo Blockchain (ARBK) Stock Price, News & Analysis

Company Overview

Argo Blockchain plc, together with its subsidiaries, engages in the bitcoin and other cryptocurrencies mining business worldwide. It engages in mining purpose-built computers for complex cryptographic algorithms. The company was formerly known as GoSun Blockchain Limited and changed its name to Argo Blockchain plc in December 2017. Argo Blockchain plc was incorporated in 2017 and is based in London, the United Kingdom.

Key Stats

• Today's Range: $1.09 to $1.19
• 50-Day Range: $1.06 to $1.36
• 52-Week Range: $1.02 to $4.45
• Volume: 1.16 million shs
• Average Volume: 631,524 shs
• Market Capitalization: $71.27 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $1.45
• Consensus Rating: Hold

Argo Blockchain Stock Analysis - MarketRank™

Argo Blockchain scored higher than 49% of companies evaluated by MarketBeat, and ranked 754th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

Argo Blockchain has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Argo Blockchain has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Argo Blockchain are expected to grow in the coming year, from ($0.74) to ($0.47) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Argo Blockchain is -1.38, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Argo Blockchain is -1.38, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.44% of the outstanding shares of Argo Blockchain have been sold short.

Short Interest Ratio / Days to Cover

Argo Blockchain has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Argo Blockchain has recently decreased by 10.83%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Argo Blockchain does not currently pay a dividend.

Dividend Growth

Argo Blockchain does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.44% of the outstanding shares of Argo Blockchain have been sold short.

Short Interest Ratio / Days to Cover

Argo Blockchain has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Argo Blockchain has recently decreased by 10.83%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.73

News Sentiment

Argo Blockchain has a news sentiment score of 0.73. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Argo Blockchain this week, compared to 0 articles on an average week.

Search Interest

2 people have searched for ARBK on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added Argo Blockchain to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Argo Blockchain insiders have not sold or bought any company stock.

Percentage Held by Institutions

Only 2.42% of the stock of Argo Blockchain is held by institutions.

ARBK Stock Analysis - Frequently Asked Questions

How have ARBK shares performed this year?

Argo Blockchain's stock was trading at $3.74 at the beginning of 2024. Since then, ARBK shares have decreased by 70.1% and is now trading at $1.12.
View the best growth stocks for 2024 here.

How were Argo Blockchain's earnings last quarter?

Argo Blockchain plc (NASDAQ:ARBK) issued its quarterly earnings data on Wednesday, August, 28th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by $0.12. The firm had revenue of $12.42 million for the quarter, compared to analysts' expectations of $13.40 million. Argo Blockchain had a negative trailing twelve-month return on equity of 4,172.69% and a negative net margin of 93.70%.

When did Argo Blockchain IPO?

Argo Blockchain (ARBK) raised $112 million in an initial public offering on Thursday, September 23rd 2021. The company issued 7,500,000 shares at a price of $15.00 per share.

Who are Argo Blockchain's major shareholders?

Argo Blockchain's top institutional shareholders include Jane Street Group LLC (1.53%), XTX Topco Ltd (0.09%) and Virtu Financial LLC (0.04%).

How do I buy shares of Argo Blockchain?

Shares of ARBK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Argo Blockchain own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Argo Blockchain investors own include Waste Connections (WCN), American Water Works (AWK), AUO (AUOTY), The RMR Group (RMR), DiamondRock Hospitality (DRH), iShares Micro-Cap ETF (IWC) and Voyager Therapeutics (VYGR).

Company Calendar

• Last Earnings: 8/28/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Nondepository credit institutions
• Sub-Industry: Banking
• Current Symbol: NASDAQ:ARBK
• CUSIP: N/A
• CIK: 1841675
• Web: argoblockchain.com
• Phone: 44-78-8400-3403
• Fax: N/A
• Employees: 40
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $1.45
• High Stock Price Target: $1.45
• Low Stock Price Target: $1.45
• Potential Upside/Downside: +29.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.81)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-35,030,000.00
• Net Margins: -93.70%
• Pretax Margin: N/A
• Return on Equity: -4,172.69%
• Return on Assets: -50.32%

Debt

• Debt-to-Equity Ratio: 5.06
• Current Ratio: 0.43
• Quick Ratio: 0.65

Sales & Book Value

• Annual Sales: $62.60 million
• Price / Sales: 1.14
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: 63,635,000
• Free Float: 63,635,000
• Market Cap: $71.27 million
• Optionable: Optionable
• Beta: 1.88