NASDAQ:ARBK Argo Blockchain (ARBK) Stock Forecast, Price & News $1.18 +0.02 (+1.72%) (As of 05/26/2023 ET) Add Compare Share Share Today's Range$1.12▼$1.2050-Day Range$1.16▼$1.8052-Week Range$0.36▼$6.95Volume44,621 shsAverage Volume87,023 shsMarket Capitalization$56.38 millionP/E RatioN/ADividend YieldN/APrice Target$6.80 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Argo Blockchain MarketRank™ ForecastAnalyst RatingHold2.13 Rating ScoreUpside/Downside476.3% Upside$6.80 Price TargetShort InterestHealthy1.97% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.96Based on 3 Articles This WeekInsider TradingN/AProj. Earnings GrowthDecreasingFrom ($0.62) to ($0.65) Per ShareSee Full Details Hide Full Details 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 starsFinance Sector788th out of 911 stocksNondepository Credit Institutions Industry33rd out of 43 stocks 3.1 Analyst's Opinion Consensus RatingArgo 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/DownsideAccording 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 CoverageArgo Blockchain has only been the subject of 3 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted1.97% of the outstanding shares of Argo Blockchain have been sold short.Short Interest Ratio / Days to CoverArgo Blockchain has a short interest ratio ("days to cover") of 7.2.Change versus previous monthShort interest in Argo Blockchain has recently decreased by 13.62%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldArgo Blockchain does not currently pay a dividend.Dividend GrowthArgo Blockchain does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ARBK. Previous Next 3.3 News and Social Media Coverage News SentimentArgo 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 WeekMarketBeat has tracked 3 news articles for Argo Blockchain this week, compared to 2 articles on an average week.Search InterestOnly 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 Follows2 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. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Argo Blockchain insiders have not sold or bought any company stock.Percentage Held by InstitutionsOnly 1.81% of the stock of Argo Blockchain is held by institutions. Previous Next 0.0 Earnings and Valuation Earnings GrowthEarnings 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 RatioArgo 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. Previous Next See Top Rated MarketRank™ Stocks Here About Argo Blockchain (NASDAQ:ARBK) StockArgo 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.Read More 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. Email Address ARBK Stock News HeadlinesMay 24, 2023 | americanbankingnews.comArgo Blockchain (NASDAQ:ARBK) and Qudian (NYSE:QD) Head-To-Head AnalysisMay 12, 2023 | americanbankingnews.comBrokerages Set Argo Blockchain plc (NASDAQ:ARBK) Target Price at $3.00May 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.comIs Argo Blockchain (ARBK) Stock Outpacing Its Business Services Peers This Year?May 7, 2023 | americanbankingnews.comArgo Blockchain (NASDAQ:ARBK) Receives Maintains Rating from VNET GroupMay 5, 2023 | americanbankingnews.comBrokers Offer Predictions for Argo Blockchain plc's Q1 2023 Earnings (NASDAQ:ARBK)May 3, 2023 | americanbankingnews.comHC Wainwright Upgrades Argo Blockchain (NASDAQ:ARBK) to "Buy"May 1, 2023 | markets.businessinsider.comArgo Blockchain (ARBK) was upgraded to a Buy Rating at H.C. WainwrightMay 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.comShort Interest in Argo Blockchain plc (NASDAQ:ARBK) Grows By 8.6%April 19, 2023 | americanbankingnews.comArgo Blockchain plc (NASDAQ:ARBK) Receives $3.00 Average Target Price from BrokeragesApril 18, 2023 | benzinga.comArgo Blockchain Stock (NASDAQ:ARBK), DividendsApril 14, 2023 | americanbankingnews.comArgo Blockchain (NASDAQ:ARBK) Rating Increased to Buy at Compass PointMarch 31, 2023 | americanbankingnews.comShort Interest in Argo Blockchain plc (NASDAQ:ARBK) Declines By 16.8%March 30, 2023 | americanbankingnews.comCritical Comparison: Argo Blockchain (NASDAQ:ARBK) versus RingCentral (NYSE:RNG)March 28, 2023 | marketwatch.comDEADLINE TODAY: The Schall Law Firm Encourages Investors in Argo Blockchain plc with Losses of $100,000 to Contact the FirmMarch 28, 2023 | tmcnet.comFinal Deadline Alert: Bronstein, Gewirtz & Grossman, LLC NotifiesMarch 26, 2023 | bloomberg.comARBK DEADLINE TOMORROW: ROSEN, NATIONAL TRIAL COUNSEL, Encourages Argo Blockchain plc Investors to Secure Counsel BeforeMarch 26, 2023 | bloomberg.comARBK DEADLINE NOTICE: ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Argo Blockchain plc Investors to Secure Counsel Before ImpMarch 25, 2023 | tmcnet.comARGO DEADLINE ALERT: Bragar Eagel & Squire, P.C.March 25, 2023 | prnewswire.comARGO 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 OptionsMarch 25, 2023 | americanbankingnews.comSterling Check (NASDAQ:STER) & Argo Blockchain (NASDAQ:ARBK) Financial ReviewMarch 24, 2023 | benzinga.comThe 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.comSHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Argo Blockchain plc of Class Action Lawsuit and Upcoming Deadline - ARBK; ARBKLMarch 17, 2023 | benzinga.comShort Volatility Alert: Argo BlockchainMarch 17, 2023 | prnewswire.comARBK SHAREHOLDER ALERT: Jakubowitz Law Reminds Argo Shareholders of a Lead Plaintiff Deadline of March 27, 2023March 12, 2023 | prnewswire.comROSEN, NATIONAL INVESTOR COUNSEL, Encourages Argo Blockchain plc Investors to Secure Counsel Before Important Deadline in Securities Class Action - ARBKSee More Headlines View Price History Chart DataSkip Price History Chart 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. Email Address ARBK Company Calendar Today5/28/2023Next Earnings (Estimated)5/30/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Nondepository credit institutions Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:ARBK CUSIPN/A CIK1841675 Webargoblockchain.com PhoneN/AFaxN/AEmployees9Year FoundedN/APrice 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 RatingHold Rating Score (0-4)2.13 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet IncomeN/A Net MarginsN/A Pretax MarginN/A Return on EquityN/A Return on AssetsN/A Debt Debt-to-Equity Ratio4.67 Current Ratio1.13 Quick Ratio1.13 Sales & Book Value Annual Sales$58.58 million Price / Sales0.96 Cash FlowN/A Price / Cash FlowN/A Book Value$0.30 per share Price / Book3.93Miscellaneous Outstanding Shares47,780,000Free Float47,783,000Market Cap$56.38 million OptionableNot Optionable Beta0.76 Key ExecutivesMr. Peter G. Wall (Age 47)CEO & Interim Chairman Comp: $4.89MMr. Alex Appleton C.A. (Age 43)CFO, Principal Financial Officer & Exec. Director Comp: $260.21kMr. Seif El-BaklyChief Operating OfficerJean EsquierVP of Technology & Devel.Mr. Tom DivineVP of Investor RelationsMr. Davis ZapffeGen. CounselSarah MillerDirector of CommunicationsMs. Alana MarksVP of People & CultureMr. Sebastien ChalusChief Strategy OfficerMr. Justin NolanChief Growth OfficerMore ExecutivesKey Competitors9FNASDAQ:JFUCURO GroupNYSE:CUROMagic Empire GlobalNASDAQ:MEGLGreenidge GenerationNASDAQ:GREESHFNASDAQ:SHFSView All CompetitorsInstitutional OwnershipWater Island Capital LLCBought 511,945 shares on 5/25/2023Ownership: 1.071%Harvest Portfolios Group Inc.Bought 13,467 shares on 5/18/2023Ownership: 0.085%XTX Topco LtdBought 30,293 shares on 5/15/2023Ownership: 0.063%Simplex Trading LLCSold 1,100 shares on 4/27/2023Ownership: 0.000%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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Argo Blockchain plc Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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