NASDAQ:ARBK

Argo Blockchain (ARBK) Stock Forecast, Price & News

$1.00

+0.01 (+1.01%)

(As of 09/27/2023 ET)

Compare

Today's Range: $0.95
▼
$1.05
50-Day Range: $0.99
▼
$1.57
52-Week Range: $0.36
▼
$4.27

Volume: 90,560 shs
Average Volume: 344,264 shs
Market Capitalization: $53.53 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $2.75

Argo Blockchain MarketRank™ Forecast

Analyst Rating: Hold
2.14 Rating Score
Upside/Downside: 175.0% Upside
$2.75 Price Target
Short Interest: Healthy
0.04% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.93
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Decreasing
From ($0.63) to ($0.86) Per Share

Overall MarketRank^™

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

1.95 out of 5 stars

Finance Sector

692nd out of 849 stocks

Nondepository Credit Institutions Industry

30th out of 45 stocks

3.1

Analyst's Opinion

Consensus Rating
Argo Blockchain has received a consensus rating of Hold. The company's average rating score is 2.14, and is based on 2 buy ratings, 4 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $2.75, Argo Blockchain has a forecasted upside of 175.0% from its current price of $1.00.
Amount of Analyst Coverage
Argo Blockchain has only been the subject of 2 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.04% 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 0.1, 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 67.85%, 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.

3.3

News and Social Media Coverage

News Sentiment
Argo Blockchain has a news sentiment score of 0.93. 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 0.70 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Argo Blockchain this week, compared to 1 article on an average week.
Search Interest
Only 3 people have searched for ARBK on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
4 people have added Argo Blockchain to their MarketBeat watchlist in the last 30 days. This is an increase of 300% 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.

0.0

Earnings and Valuation

Earnings Growth
Earnings for Argo Blockchain are expected to decrease in the coming year, from ($0.63) to ($0.86) per share.
Price to Book Value per Share Ratio
Argo Blockchain has a P/B Ratio of 3.33. 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 (NASDAQ:ARBK) Stock

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 Price History

30 days | 90 days | 365 days | Advanced Chart

ARBK Stock News Headlines

September 24, 2023 | americanbankingnews.com

Argo Blockchain plc (NASDAQ:ARBK) Given Average Rating of "Hold" by Brokerages

August 31, 2023 | finance.yahoo.com

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

September 28, 2023 | Behind the Markets (Ad)

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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

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

September 28, 2023 | Chaikin Analytics (Ad)

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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.

March 25, 2023 | prnewswire.com

ARGO DEADLINE NOTICE: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Argo To Contact Him Directly To Discuss Their Options

March 24, 2023 | benzinga.com

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Argo Blockchain plc (ARBK)

March 22, 2023 | prnewswire.com

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Argo Blockchain plc of Class Action Lawsuit and Upcoming Deadline - ARBK; ARBKL

See More Headlines

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ARBK Company Calendar

Last Earnings: 8/29/2023
Today: 9/28/2023
Fiscal Year End: 12/31/2023

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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 Forecast: $2.75
High Stock Price Forecast: $3.00
Low Stock Price Forecast: $2.50
Forecasted Upside/Downside: +175.0%
Consensus Rating: Hold
Rating Score (0-4): 2.14
Research Coverage: 7 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: 0.49
Quick Ratio: 0.99

Sales & Book Value

Annual Sales: $58.58 million
Price / Sales: 0.91
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.30 per share
Price / Book: 3.33

Miscellaneous

Outstanding Shares: 53,530,000
Free Float: 53,533,000
Market Cap: $53.53 million
Optionable: Not Optionable
Beta: 1.09

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Key Executives

Mr. Seif El-Bakly C.F.A. (Age 38)
Interim CEO & COO
Comp: $460.49k

Mr. James Mckenzie MacCallum C.A. (Age 53)
C.F.A., CPA, Chief Financial Officer

Jean Esquier
VP of Technology & Devel.

Mr. Tom Divine
VP of Investor Relations and FP&A

Mr. Davis Zapffe
Gen. Counsel

Ms. Alana Marks
VP of People & Culture

Mr. Sebastien Chalus
Chief Strategy Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

ARBK Stock - Frequently Asked Questions

Should I buy or sell Argo Blockchain stock right now?: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Argo Blockchain in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ARBK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ARBK, but not buy additional shares or sell existing shares.
View ARBK analyst ratings or view top-rated stocks.
What is Argo Blockchain's stock price forecast for 2023?: 7 brokers have issued 12-month price targets for Argo Blockchain's stock. Their ARBK share price forecasts range from $2.50 to $3.00. On average, they expect the company's share price to reach $2.75 in the next year. This suggests a possible upside of 175.0% 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 on January 1st, 2023. Since then, ARBK stock has decreased by 7.4% and is now trading at $1.00.
View the best growth stocks for 2023 here.
How were Argo Blockchain's earnings last quarter?: Argo Blockchain plc (NASDAQ:ARBK) issued its quarterly earnings results on Tuesday, August, 29th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.04. The business earned $12.56 million during the quarter, compared to analyst estimates of $12.51 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 IPO on Thursday, September 23rd 2021. The company issued 7,500,000 shares at $15.00 per share.

What is Argo Blockchain's stock symbol?: Argo Blockchain trades on the NASDAQ under the ticker symbol "ARBK."
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%), Virtu Financial LLC (0.04%) and Citadel Advisors LLC (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.
What is Argo Blockchain's stock price today?: One share of ARBK stock can currently be purchased for approximately $1.00.
How much money does Argo Blockchain make?: Argo Blockchain (NASDAQ:ARBK) has a market capitalization of $53.53 million and generates $58.58 million in revenue each year.
How can I contact Argo Blockchain?: Argo Blockchain's mailing address is Rm 4 1st Fl, 50 Jermyn Street, London SW1Y 6LX. The official website for the company is argoblockchain.com. The company can be reached via phone at 44-78-8400-3403 or via email at ir@argoblockchain.com.

This page (NASDAQ:ARBK) was last updated on 9/28/2023 by MarketBeat.com Staff

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