NASDAQ:ARBK

Argo Blockchain (ARBK) Stock Forecast, Price & News

$1.18

+0.02 (+1.72%)

(As of 05/26/2023 ET)

Compare

Today's Range: $1.12
▼
$1.20
50-Day Range: $1.16
▼
$1.80
52-Week Range: $0.36
▼
$6.95

Volume: 44,621 shs
Average Volume: 87,023 shs
Market Capitalization: $56.38 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $6.80

Argo Blockchain MarketRank™ Forecast

Analyst Rating: Hold
2.13 Rating Score
Upside/Downside: 476.3% Upside
$6.80 Price Target
Short Interest: Healthy
1.97% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.96
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Decreasing
From ($0.62) to ($0.65) Per Share

Overall MarketRank^™

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

1.83 out of 5 stars

Finance Sector

788th out of 911 stocks

Nondepository Credit Institutions Industry

33rd out of 43 stocks

3.1

Analyst's Opinion

Consensus Rating
Argo Blockchain has received a consensus rating of Hold. The company's average rating score is 2.13, and is based on 2 buy ratings, 5 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $6.80, Argo Blockchain has a forecasted upside of 476.3% from its current price of $1.18.
Amount of Analyst Coverage
Argo Blockchain has only been the subject of 3 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
1.97% 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 7.2.
Change versus previous month
Short interest in Argo Blockchain has recently decreased by 13.62%, 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 0.96. 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 0.66 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Argo Blockchain this week, compared to 2 articles on an average week.
Search Interest
Only 2 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
2 people have added Argo Blockchain to their MarketBeat watchlist in the last 30 days. This is an increase of 100% 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 1.81% 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 ($0.62) to ($0.65) per share.
Price to Book Value per Share Ratio
Argo Blockchain has a P/B Ratio of 3.93. 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 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 headquartered in London, the United Kingdom.

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.

ARBK Stock News Headlines

May 24, 2023 | americanbankingnews.com

Argo Blockchain (NASDAQ:ARBK) and Qudian (NYSE:QD) Head-To-Head Analysis

May 12, 2023 | americanbankingnews.com

Brokerages Set Argo Blockchain plc (NASDAQ:ARBK) Target Price at $3.00

May 28, 2023 | Stocks To Trade (Ad)

Free A.I. Trade Alerts. Up to 15 opportunities a day.

Using our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.

May 11, 2023 | finance.yahoo.com

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

May 7, 2023 | americanbankingnews.com

Argo Blockchain (NASDAQ:ARBK) Receives Maintains Rating from VNET Group

May 5, 2023 | americanbankingnews.com

Brokers Offer Predictions for Argo Blockchain plc's Q1 2023 Earnings (NASDAQ:ARBK)

May 3, 2023 | americanbankingnews.com

HC Wainwright Upgrades Argo Blockchain (NASDAQ:ARBK) to "Buy"

May 1, 2023 | markets.businessinsider.com

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

May 28, 2023 | Stocks To Trade (Ad)

Free A.I. Trade Alerts. Up to 15 opportunities a day.

Using our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.

April 20, 2023 | americanbankingnews.com

Short Interest in Argo Blockchain plc (NASDAQ:ARBK) Grows By 8.6%

April 19, 2023 | americanbankingnews.com

Argo Blockchain plc (NASDAQ:ARBK) Receives $3.00 Average Target Price from Brokerages

April 18, 2023 | benzinga.com

Argo Blockchain Stock (NASDAQ:ARBK), Dividends

April 14, 2023 | americanbankingnews.com

Argo Blockchain (NASDAQ:ARBK) Rating Increased to Buy at Compass Point

March 31, 2023 | americanbankingnews.com

Short Interest in Argo Blockchain plc (NASDAQ:ARBK) Declines By 16.8%

March 30, 2023 | americanbankingnews.com

Critical Comparison: Argo Blockchain (NASDAQ:ARBK) versus RingCentral (NYSE:RNG)

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 25, 2023 | americanbankingnews.com

Sterling Check (NASDAQ:STER) & Argo Blockchain (NASDAQ:ARBK) Financial Review

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

March 17, 2023 | benzinga.com

Short Volatility Alert: Argo Blockchain

March 17, 2023 | prnewswire.com

ARBK SHAREHOLDER ALERT: Jakubowitz Law Reminds Argo Shareholders of a Lead Plaintiff Deadline of March 27, 2023

March 12, 2023 | prnewswire.com

ROSEN, NATIONAL INVESTOR COUNSEL, Encourages Argo Blockchain plc Investors to Secure Counsel Before Important Deadline in Securities Class Action - ARBK

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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.

ARBK Company Calendar

Today: 5/28/2023
Next Earnings (Estimated): 5/30/2023
Fiscal Year End: 12/31/2023

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: N/A
Fax: N/A
Employees: 9
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $6.80
High Stock Price Forecast: $10.00
Low Stock Price Forecast: $3.00
Forecasted Upside/Downside: +476.3%
Consensus Rating: Hold
Rating Score (0-4): 2.13
Research Coverage: 8 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: 4.67
Current Ratio: 1.13
Quick Ratio: 1.13

Sales & Book Value

Annual Sales: $58.58 million
Price / Sales: 0.96
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.30 per share
Price / Book: 3.93

Miscellaneous

Outstanding Shares: 47,780,000
Free Float: 47,783,000
Market Cap: $56.38 million
Optionable: Not Optionable
Beta: 0.76

Key Executives

Mr. Peter G. Wall (Age 47)
CEO & Interim Chairman
Comp: $4.89M

Mr. Alex Appleton C.A. (Age 43)
CFO, Principal Financial Officer & Exec. Director
Comp: $260.21k

Mr. Seif El-Bakly
Chief Operating Officer

Jean Esquier
VP of Technology & Devel.

Mr. Tom Divine
VP of Investor Relations

Mr. Davis Zapffe
Gen. Counsel

Sarah Miller
Director of Communications

Ms. Alana Marks
VP of People & Culture

Mr. Sebastien Chalus
Chief Strategy Officer

Mr. Justin Nolan
Chief Growth 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?: 8 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, 5 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?: 8 equities research analysts have issued 1 year target prices for Argo Blockchain's shares. Their ARBK share price forecasts range from $3.00 to $10.00. On average, they expect the company's stock price to reach $6.80 in the next twelve months. This suggests a possible upside of 476.3% 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 the year. Since then, ARBK stock has increased by 9.3% and is now trading at $1.18.
View the best growth stocks for 2023 here.
Are investors shorting Argo Blockchain?: Argo Blockchain saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 941,500 shares, a drop of 13.6% from the April 30th total of 1,090,000 shares. Based on an average trading volume of 131,400 shares, the days-to-cover ratio is currently 7.2 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 30th 2023.
View our ARBK earnings forecast.
What ETFs hold Argo Blockchain's stock?: ETFs with the largest weight of Argo Blockchain (NASDAQ:ARBK) stock in their portfolio include Valkyrie Bitcoin Miners ETF (WGMI), iShares MSCI Frontier and Select EM ETF (FM).KraneShares MSCI One Belt One Road ETF (OBOR) and

When did Argo Blockchain IPO?: (ARBK) raised $112 million in an initial public offering 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 number of retail and institutional investors. Top institutional investors include Water Island Capital LLC (1.07%), Harvest Portfolios Group Inc. (0.09%), XTX Topco Ltd (0.06%) and Simplex Trading 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 $1.18.
How much money does Argo Blockchain make?: Argo Blockchain (NASDAQ:ARBK) has a market capitalization of $56.38 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 email at ir@argoblockchain.com.

This page (NASDAQ:ARBK) was last updated on 5/28/2023 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