Should I buy or sell Argo Blockchain stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Argo Blockchain in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ARBK shares. View ARBK analyst ratings or view top-rated stocks .

What is Argo Blockchain's stock price target for 2024?

4 Wall Street analysts have issued 1 year target prices for Argo Blockchain's shares. Their ARBK share price targets range from $1.45 to $2.75. On average, they predict the company's stock price to reach $2.23 in the next twelve months. This suggests a possible upside of 84.6% from the stock's current price. View analysts price targets for ARBK or view top-rated stocks among Wall Street analysts .

How have ARBK shares performed in 2023?

Argo Blockchain's stock was trading at $1.08 at the beginning of 2023. Since then, ARBK stock has increased by 12.0% and is now trading at $1.21. View the best growth stocks for 2023 here .

Are investors shorting Argo Blockchain?

Argo Blockchain saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 72,300 shares, a drop of 39.4% from the October 31st total of 119,300 shares. Based on an average daily volume of 173,800 shares, the short-interest ratio is currently 0.4 days. View Argo Blockchain's Short Interest .

When is Argo Blockchain's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024. View our ARBK earnings forecast .

How were Argo Blockchain's earnings last quarter?

Argo Blockchain plc (NASDAQ:ARBK) released its quarterly earnings results on Tuesday, June, 13th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by $0.10. The company had revenue of $11.44 million for the quarter, compared to analyst estimates of $10.81 million.

What ETF holds Argo Blockchain's stock ?

Valkyrie Bitcoin Miners ETF holds 546,222 shares of ARBK stock, representing 3.33% of its portfolio.

When did Argo Blockchain IPO?

(ARBK) raised $112 million in an initial public offering (IPO) 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 stock is owned by a variety of retail and institutional investors. Top institutional investors include Simplex Trading LLC (0.00%) and Group One Trading L.P. (0.00%).

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 WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Argo Blockchain Stock Price, News & Analysis (NASDAQ:ARBK)

$1.21

+0.06 (+5.22%)

(As of 11/28/2023 ET)

Compare

Today's Range: $1.14
▼
$1.21
50-Day Range: $0.97
▼
$1.46
52-Week Range: $0.36
▼
$3.20

Volume: 238,643 shs
Average Volume: 312,666 shs
Market Capitalization: $64.77 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $2.23

Argo Blockchain MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 84.6% Upside
$2.23 Price Target
Short Interest: Healthy
0.14% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.27
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.59) to ($0.58) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.16 out of 5 stars

Finance Sector

512th out of 869 stocks

Nondepository Credit Institutions Industry

16th out of 45 stocks

3.3

Analyst's Opinion

Consensus Rating
Argo Blockchain has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $2.23, Argo Blockchain has a forecasted upside of 84.6% from its current price of $1.21.
Amount of Analyst Coverage
Argo Blockchain has only been the subject of 3 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.14% 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 0.4, 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 39.40%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Argo Blockchain does not currently pay a dividend.
Dividend Growth
Argo Blockchain does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ARBK.

3.5

News and Social Media Coverage

News Sentiment
Argo Blockchain has a news sentiment score of 1.27. 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 is a higher news sentiment than the 0.78 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Argo Blockchain this week, compared to 1 article on an average week.
Search Interest
1 people have searched for ARBK on MarketBeat in the last 30 days.
MarketBeat Follows
Only 1 people have added Argo Blockchain to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

0.0

Company Ownership

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 1.13% of the stock of Argo Blockchain is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Argo Blockchain are expected to grow in the coming year, from ($0.59) to ($0.58) per share.
Price to Book Value per Share Ratio
Argo Blockchain has a P/B Ratio of 4.03. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Argo Blockchain Stock (NASDAQ:ARBK)

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.

ARBK Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ARBK Stock News Headlines

November 27, 2023 | finance.yahoo.com

Argo Blockchain PLC Announces Appointment of CEO and PDMR Notification

November 18, 2023 | americanbankingnews.com

Argo Blockchain (NASDAQ:ARBK) Rating Reiterated by Canaccord Genuity Group

November 28, 2023 | RYSE INC. (Ad)

Secure your stake in the Smart Home industry.

Last chance to invest in RYSE – the shade automation technology launching in over 100 Best Buy stores this month.

November 18, 2023 | americanbankingnews.com

HC Wainwright Analysts Cut Earnings Estimates for Argo Blockchain plc (NASDAQ:ARBK)

November 17, 2023 | finance.yahoo.com

Argo Blockchain plc (NASDAQ:ARBK) Q3 2023 Earnings Call Transcript

August 31, 2023 | finance.yahoo.com

Argo Blockchain plc (NASDAQ:ARBK) Q2 2023 Earnings Call Transcript

August 30, 2023 | markets.businessinsider.com

H.C. Wainwright Reaffirms Their Buy Rating on Argo Blockchain (ARBK)

August 29, 2023 | markets.businessinsider.com

Cryptocurrency Miner Argo Blockchain H1 Revenue Tumbles 31% On Lower Bitcoin Price

November 28, 2023 | RYSE INC. (Ad)

Secure your stake in the Smart Home industry.

Last chance to invest in RYSE – the shade automation technology launching in over 100 Best Buy stores this month.

August 28, 2023 | benzinga.com

Preview: Argo Blockchain's Earnings

August 1, 2023 | msn.com

Argo Blockchain Plc - ADR (ARBK) Price Target Increased by 3922.46% to 33.01

July 19, 2023 | markets.businessinsider.com

Argo Blockchain's Share Sale: The $7.5M Power Play In Crypto Mining

July 18, 2023 | finance.yahoo.com

Argo Blockchain PLC Announces Proposed Placing Retail Offer New Ordinary Shares

July 18, 2023 | finance.yahoo.com

Argo Blockchain PLC Announces PrimaryBid Offer

July 10, 2023 | benzinga.com

Thinking about buying stock in Neonode, Vinco Ventures, Gorilla Technology Group, Argo Blockchain, or Advanced Health Intelligence?

June 25, 2023 | benzinga.com

Argo Blockchain Stock (NASDAQ:ARBK), Insider Trading Activity

June 9, 2023 | fool.com

Argo Blockchain Plc (NASDAQ: ARBK)

June 7, 2023 | markets.businessinsider.com

H.C. Wainwright Sticks to Its Buy Rating for Argo Blockchain (ARBK)

May 30, 2023 | finance.yahoo.com

Are Finance Stocks Lagging Argo Blockchain (ARBK) This Year?

May 11, 2023 | finance.yahoo.com

Is Argo Blockchain (ARBK) Stock Outpacing Its Business Services Peers This Year?

May 1, 2023 | markets.businessinsider.com

Argo Blockchain (ARBK) was upgraded to a Buy Rating at H.C. Wainwright

April 18, 2023 | benzinga.com

Argo Blockchain Stock (NASDAQ:ARBK), Dividends

March 28, 2023 | marketwatch.com

DEADLINE TODAY: The Schall Law Firm Encourages Investors in Argo Blockchain plc with Losses of $100,000 to Contact the Firm

March 28, 2023 | tmcnet.com

Final Deadline Alert: Bronstein, Gewirtz & Grossman, LLC Notifies

March 26, 2023 | bloomberg.com

ARBK DEADLINE TOMORROW: ROSEN, NATIONAL TRIAL COUNSEL, Encourages Argo Blockchain plc Investors to Secure Counsel Before

March 26, 2023 | bloomberg.com

ARBK DEADLINE NOTICE: ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Argo Blockchain plc Investors to Secure Counsel Before Imp

March 25, 2023 | tmcnet.com

ARGO DEADLINE ALERT: Bragar Eagel & Squire, P.C.

See More Headlines

Receive ARBK Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Argo Blockchain and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings: 6/13/2023
Today: 11/28/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 5/07/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Nondepository credit institutions
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:ARBK
CUSIP: N/A
CIK: 1841675
Web: argoblockchain.com
Phone: 44-78-8400-3403
Fax: N/A
Employees: 82
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $2.23
High Stock Price Target: $2.75
Low Stock Price Target: $1.45
Potential Upside/Downside: +84.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: 11.53
Current Ratio: 0.59
Quick Ratio: 0.59

Sales & Book Value

Annual Sales: $58.58 million
Price / Sales: 1.11
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.30 per share
Price / Book: 4.03

Miscellaneous

Outstanding Shares: 53,530,000
Free Float: 53,533,000
Market Cap: $64.77 million
Optionable: Not Optionable
Beta: 1.00

10 Best Cheap Stocks to Buy Now

MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.

Get This Free Report

Key Executives

Mr. Seif El-Bakly C.F.A. (Age 38)
Interim CEO & COO
Comp: $454.61k
Mr. James Mckenzie MacCallum C.A. (Age 53)
C.F.A., CPA, Chief Financial Officer
Jean Esquier
VP of Technology & Development
Mr. Tom Divine
Vice President of Investor Relations and FP&A
Mr. Davis Zapffe
General Counsel
Ms. Alana Marks
Vice President of People & Culture
Mr. Sebastien Chalus
Chief Strategy Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

ARBK Stock Analysis - Frequently Asked Questions

Should I buy or sell Argo Blockchain stock right now?: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Argo Blockchain in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ARBK shares.
View ARBK analyst ratings or view top-rated stocks.
What is Argo Blockchain's stock price target for 2024?: 4 Wall Street analysts have issued 1 year target prices for Argo Blockchain's shares. Their ARBK share price targets range from $1.45 to $2.75. On average, they predict the company's stock price to reach $2.23 in the next twelve months. This suggests a possible upside of 84.6% from the stock's current price.
View analysts price targets for ARBK or view top-rated stocks among Wall Street analysts.
How have ARBK shares performed in 2023?: Argo Blockchain's stock was trading at $1.08 at the beginning of 2023. Since then, ARBK stock has increased by 12.0% and is now trading at $1.21.
View the best growth stocks for 2023 here.
Are investors shorting Argo Blockchain?: Argo Blockchain saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 72,300 shares, a drop of 39.4% from the October 31st total of 119,300 shares. Based on an average daily volume of 173,800 shares, the short-interest ratio is currently 0.4 days.
View Argo Blockchain's Short Interest.
When is Argo Blockchain's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our ARBK earnings forecast.
How were Argo Blockchain's earnings last quarter?: Argo Blockchain plc (NASDAQ:ARBK) released its quarterly earnings results on Tuesday, June, 13th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by $0.10. The company had revenue of $11.44 million for the quarter, compared to analyst estimates of $10.81 million.

What ETF holds Argo Blockchain's stock ?: Valkyrie Bitcoin Miners ETF holds 546,222 shares of ARBK stock, representing 3.33% of its portfolio.
When did Argo Blockchain IPO?: (ARBK) raised $112 million in an initial public offering (IPO) 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 stock is owned by a variety of retail and institutional investors. Top institutional investors include Simplex Trading LLC (0.00%) and Group One Trading L.P. (0.00%).
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:ARBK) was last updated on 11/28/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial