NASDAQ:ARBK

Argo Blockchain - ARBK Stock Forecast, Price & News

$1.55

-0.10 (-6.06%)

(As of 03/24/2023 12:00 AM ET)

Add

Compare

Today's Range: $1.41
▼
$1.68
50-Day Range: $1.35
▼
$2.72
52-Week Range: $0.36
▼
$10.75

Volume: 216,577 shs
Average Volume: 144,111 shs
Market Capitalization: $74.06 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $9.00

Institutional Ownership

Argo Blockchain MarketRank™ Forecast

Analyst Rating: Hold
1.88 Rating Score
Upside/Downside: 454.8% Upside
$8.60 Price Target
Short Interest: Healthy
1.67% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.43
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($1.68) to ($1.18) Per Share

Overall MarketRank^™

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

2.02 out of 5 stars

Business Services Sector

217th out of 327 stocks

Data Processing & Preparation Industry

42nd out of 70 stocks

2.9

Analyst's Opinion

Consensus Rating
Argo Blockchain has received a consensus rating of Hold. The company's average rating score is 1.88, and is based on no buy ratings, 7 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $8.60, Argo Blockchain has a forecasted upside of 454.8% from its current price of $1.55.
Amount of Analyst Coverage
Argo Blockchain has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.67% 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 1.3, 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 15.92%, 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.

1.9

News and Social Media Coverage

News Sentiment
Argo Blockchain has a news sentiment score of 0.43. 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 lower news sentiment than the 0.59 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Argo Blockchain this week, compared to 1 article on an average week.
Social Mentions This Week
MarketBeat has tracked 3 reddit mentions for Argo Blockchain this week, compared to 3 mentions on an average week.
Search Interest
Only 1 people have searched for ARBK on MarketBeat in the last 30 days. This is a decrease of -86% compared to the previous 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 -86% 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.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Argo Blockchain are expected to grow in the coming year, from ($1.68) to ($1.18) per share.
Price to Book Value per Share Ratio
Argo Blockchain has a P/B Ratio of 0.26. P/B Ratios below 1 indicate that a company could be undervalued 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

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 26, 2023 | Investor Place Media (Ad)

Biden To Unleash "Choke Point" Operation On America?

Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.

March 25, 2023 | tmcnet.com

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

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 19, 2023 | americanbankingnews.com

Analysts Set Argo Blockchain plc (NASDAQ:ARBK) PT at $3.00

March 17, 2023 | benzinga.com

Short Volatility Alert: Argo Blockchain

March 26, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Missile" to Replace Nuclear Missiles

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

March 9, 2023 | tmcnet.com

ARBK LAWSUIT ALERT: Levi & Korsinsky Notifies Argo Blockchain plc Investors of a Class Action Lawsuit and Upcoming Deadline

March 7, 2023 | finance.yahoo.com

Argo Blockchain PLC Announces February Operational Update

February 23, 2023 | morningstar.com

ARBK Investors Have Opportunity to Lead Argo Blockchain plc Securities Fraud Lawsuit

February 20, 2023 | benzinga.com

ROSEN, A LEADING LAW FIRM, Encourages Argo Blockchain plc Investors to Secure Counsel Before Important Deadline in Securities Class Action – ARBK

February 17, 2023 | finance.yahoo.com

Bitcoin Miner Argo Blockchain's CEO Resigns

February 17, 2023 | finance.yahoo.com

Argo Blockchain Loses Its CEO And Interim Chair Peter Wall Shortly After CFO

February 9, 2023 | benzinga.com

CLASS ACTION UPDATE for FATE, SHC and ARBK: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

February 9, 2023 | proactiveinvestors.com

Argo Blockchain’s Peter Wall to step down as chief executive

February 8, 2023 | tmcnet.com

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Argo Blockchain plc (ARBK)

February 7, 2023 | benzinga.com

The Gross Law Firm Announces Class Actions on Behalf of Shareholders of ENVX, EYE and ARBK

February 7, 2023 | wsj.com

ARGO BLOCKCHAIN PLC INVESTOR ALERT: Kaplan Fox & Kilsheimer LLP Notifies Argo Blockchain Investors of a Class Action Lawsuit and Upcoming Deadline

February 3, 2023 | businesswire.com

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces the Filing of a Securities Class Action on Behalf of Argo Blockchain plc (ARBK) Investors

February 1, 2023 | benzinga.com

CLASS ACTION UPDATE for SGLY, AVYA and ARBK: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

February 1, 2023 | wsj.com

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

January 31, 2023 | benzinga.com

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

January 31, 2023 | tmcnet.com

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

January 30, 2023 | benzinga.com

Bronstein, Gewirtz & Grossman, LLC Notifies Argo Blockchain plc (ARBK; ARBKL) Investors of Class Action and to Actively Participate

January 30, 2023 | wsj.com

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

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: 3/26/2023
Next Earnings (Estimated): 5/01/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Data processing & preparation
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NASDAQ:ARBK
CUSIP: N/A
CIK: 1841675
Web: argoblockchain.com
Phone: 44-78-8400-3403
Fax: N/A
Employees: 9
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $8.60
High Stock Price Forecast: $12.00
Low Stock Price Forecast: $3.00
Forecasted Upside/Downside: +480.6%
Consensus Rating: Hold
Rating Score (0-4): 1.88
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: 0.44
Current Ratio: 2.11
Quick Ratio: N/A

Sales & Book Value

Annual Sales: $102.04 million
Price / Sales: 0.73
Cash Flow: $1.17 per share
Price / Cash Flow: 1.33
Book Value: $5.93 per share
Price / Book: 0.26

Miscellaneous

Outstanding Shares: 47,780,000
Free Float: 47,783,000
Market Cap: $74.06 million
Optionable: Not Optionable
Beta: 0.77

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 and 7 hold 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 brokers have issued 1 year price targets for Argo Blockchain's shares. Their ARBK share price forecasts range from $3.00 to $12.00. On average, they anticipate the company's share price to reach $8.60 in the next twelve months. This suggests a possible upside of 454.8% 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 43.5% and is now trading at $1.55.
View the best growth stocks for 2023 here.
When is Argo Blockchain's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 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).
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 $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 many different retail and institutional investors. Top institutional shareholders include Vident Investment Advisory LLC (0.12%), Redwood Wealth Management Group LLC (0.11%) 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 $1.55.
How much money does Argo Blockchain make?: Argo Blockchain (NASDAQ:ARBK) has a market capitalization of $74.06 million and generates $102.04 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 3/26/2023 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

Argo Blockchain - ARBK Stock Forecast, Price & News

Argo Blockchain MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Social Mentions This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Argo Blockchain (NASDAQ:ARBK) Stock

ARBK Stock News Headlines

ARBK Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

ARBK Stock - Frequently Asked Questions

Overall MarketRank^™