NASDAQ:ARBK

Argo Blockchain - ARBK Stock Forecast, Price & News

$1.92

+0.13 (+7.26%)

(As of 01/31/2023 05:32 PM ET)

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Today's Range: $1.77
▼
$1.96
50-Day Range: $0.38
▼
$2.06
52-Week Range: $0.36
▼
$11.40

Volume: 180,645 shs
Average Volume: 647,122 shs
Market Capitalization: $91.74 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: 368.8% Upside
$9.00 Price Target
Short Interest: Healthy
2.18% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.45
Based on 19 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.

2.03 out of 5 stars

Business Services Sector

212th out of 327 stocks

Data Processing & Preparation Industry

39th out of 72 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 $9.00, Argo Blockchain has a forecasted upside of 368.8% from its current price of $1.92.
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
2.18% 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 1.7, 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 28.77%, 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 0.45. 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 0.56 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 19 news articles for Argo Blockchain this week, compared to 1 article 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 -75% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Argo Blockchain to their MarketBeat watchlist in the last 30 days. This is a decrease of -83% 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 0.32. 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.

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ARBK Stock News Headlines

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 31, 2023 | PressReach (Ad)

Top Lithium Stock

Today's stock market report features a battery metal lithium stock with great potential.

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

January 30, 2023 | americanbankingnews.com

Argo Blockchain (NASDAQ:ARBK) & StoneCo (NASDAQ:STNE) Head to Head Analysis

January 28, 2023 | americanbankingnews.com

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

January 27, 2023 | tmcnet.com

ARBK EQUITY ALERT: ROSEN, A LEADING LAW FIRM,

January 31, 2023 | PressReach (Ad)

Top Lithium Stock

Today's stock market report features a battery metal lithium stock with great potential.

January 27, 2023 | benzinga.com

Shareholder Alert: Robbins LLP Informs Investors of Class Action Against Argo Blockchain plc (ARBK)

January 27, 2023 | benzinga.com

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

January 27, 2023 | finance.yahoo.com

Bitcoin Miner Argo Hit With Lawsuit Over ‘Misleading’ US IPO

January 27, 2023 | wsj.com

Argo Shareholder Action Reminder

January 27, 2023 | wsj.com

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

January 27, 2023 | finance.yahoo.com

Bitcoin Miner Argo Blockchain Faces Class-Action Suit Over US Share Sale

January 26, 2023 | technews.tmcnet.com

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

January 26, 2023 | marketwatch.com

Pomerantz Law Firm Announces the Filing of a Class Action Against Argo Blockchain plc and Certain Officers and Directors - ARBK; ARBKL

January 23, 2023 | msn.com

Argo Blockchain has regained Nasdaq compliance

January 21, 2023 | seekingalpha.com

ARBK Argo Blockchain plc

December 29, 2022 | markets.businessinsider.com

After Helios Sales Update, Argo Blockchain Analyst Remains On Sidelines

December 29, 2022 | finance.yahoo.com

Galaxy Digital Shines As Star While FTX Collapse Spoils Industry Appetite, Analyst Says

December 29, 2022 | finance.yahoo.com

Mark Cuban says gold buyers are ‘dumb as f—,’ sparking a gold vs. bitcoin spat with Peter Schiff

December 29, 2022 | markets.businessinsider.com

H.C. Wainwright Keeps Their Hold Rating on Argo Blockchain (ARBK)

December 27, 2022 | sg.finance.yahoo.com

Argo Blockchain Suspends U.S. Share Trading for 24 Hours

December 13, 2022 | msn.com

Why OpGen Shares Are Trading Higher By 220%? Here Are 64 Stocks Moving In Tuesday's Mid-Day Session

December 9, 2022 | msn.com

Shares of Bitcoin Miner Argo Blockchain Suspended in UK and US

November 8, 2022 | proactiveinvestors.com

Argo Blockchain improved mining profits in October, widened profit margins

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30 days | 90 days | 365 days | Advanced Chart

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ARBK Company Calendar

Today: 1/31/2023
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: $9.00
High Stock Price Forecast: $12.00
Low Stock Price Forecast: $3.00
Forecasted Upside/Downside: +368.8%
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: 0.90
Cash Flow: $1.25 per share
Price / Cash Flow: 1.53
Book Value: $5.93 per share
Price / Book: 0.32

Miscellaneous

Outstanding Shares: 47,780,000
Free Float: 47,783,000
Market Cap: $91.74 million
Optionable: Not Optionable
Beta: -0.17

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

Insiders & Institutions

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 $9.00 in the next twelve months. This suggests a possible upside of 368.8% 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 77.8% and is now trading at $1.92.
View the best growth stocks for 2023 here.
Are investors shorting Argo Blockchain?: Argo Blockchain saw a drop in short interest in January. As of January 15th, there was short interest totaling 1,040,000 shares, a drop of 28.8% from the December 31st total of 1,460,000 shares. Based on an average daily trading volume, of 623,500 shares, the short-interest ratio is currently 1.7 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 Monday, May 1st 2023.
View our ARBK earnings forecast.
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 a price of $15.00 per share.
What is Argo Blockchain's stock symbol?: Argo Blockchain trades on the NASDAQ under the ticker symbol "ARBK."
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 $1.92.
How much money does Argo Blockchain make?: Argo Blockchain (NASDAQ:ARBK) has a market capitalization of $91.74 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 1/31/2023 by MarketBeat.com Staff

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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

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

Insiders & Institutions

ARBK Stock - Frequently Asked Questions

Overall MarketRank^™