NASDAQ:ARBK

Argo Blockchain (ARBK) Stock Price, News & Analysis

$1.37
+0.02 (+1.48%)
(As of 05/9/2024 ET)
Today's Range
$1.30
$1.39
50-Day Range
$1.34
$2.32
52-Week Range
$0.92
$4.45
Volume
118,508 shs
Average Volume
739,184 shs
Market Capitalization
$79.13 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$2.23

Argo Blockchain MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
63.0% Upside
$2.23 Price Target
Short Interest
Healthy
1.19% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.53) to ($0.32) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.81 out of 5 stars

Finance Sector

799th out of 868 stocks

Nondepository Credit Institutions Industry

43rd out of 48 stocks

ARBK stock logo

About Argo Blockchain Stock (NASDAQ:ARBK)

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 Stock Price History

ARBK Stock News Headlines

1970’s computer coder Issues Shocking AI Warning
Louis Navellier has spent four decades building a billion-dollar empire on the back of big data and technology… Now he's stepping forward with a shocking warning about how AI will soon impact the wealth of everyday Americans.
1970’s computer coder Issues Shocking AI Warning
Louis Navellier has spent four decades building a billion-dollar empire on the back of big data and technology… Now he's stepping forward with a shocking warning about how AI will soon impact the wealth of everyday Americans.
H.C. Wainwright Reaffirms Their Buy Rating on Argo Blockchain (ARBK)
Preview: Argo Blockchain's Earnings
Argo Blockchain's Share Sale: The $7.5M Power Play In Crypto Mining
Argo Blockchain PLC Announces PrimaryBid Offer
Argo Blockchain Plc (NASDAQ: ARBK)
Argo Blockchain Stock (NASDAQ:ARBK), Dividends
See More Headlines
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Company Calendar

Last Earnings
6/13/2023
Today
5/09/2024
Next Earnings (Estimated)
6/04/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Nondepository credit institutions
Sub-Industry
N/A
Current Symbol
NASDAQ:ARBK
Fax
N/A
Employees
82
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$2.23
High Stock Price Target
$2.75
Low Stock Price Target
$1.45
Potential Upside/Downside
+66.7%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$50.56 million

Miscellaneous

Free Float
57,762,000
Market Cap
$77.40 million
Optionable
Optionable
Beta
2.01
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Key Executives

  • Mr. Thomas Joseph Chippas (Age 53)
    CEO & Director
  • Mr. James Mckenzie MacCallum C.A. (Age 54)
    C.F.A., CPA, Chief Financial Officer
  • Jean Esquier
    VP of Technology & Development
  • Mr. Tom Divine
    Vice President of Investor Relations and FP&A
  • Ms. Alana Marks
    Vice President of People & Culture
  • Mr. Sebastien Chalus
    Chief Strategy Officer

ARBK Stock Analysis - Frequently Asked Questions

Should I buy or sell Argo Blockchain stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Argo Blockchain in the last twelve months. There are currently 2 hold ratings and 1 buy rating 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 target for 2024?

3 Wall Street research analysts have issued twelve-month price objectives for Argo Blockchain's stock. Their ARBK share price targets range from $1.45 to $2.75. On average, they anticipate the company's share price to reach $2.23 in the next twelve months. This suggests a possible upside of 63.0% 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 2024?

Argo Blockchain's stock was trading at $3.74 at the beginning of 2024. Since then, ARBK shares have decreased by 63.4% and is now trading at $1.37.
View the best growth stocks for 2024 here
.

Are investors shorting Argo Blockchain?

Argo Blockchain saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 686,500 shares, an increase of 56.3% from the March 31st total of 439,200 shares. Based on an average daily trading volume, of 648,100 shares, the short-interest ratio is presently 1.1 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, June 4th 2024.
View our ARBK earnings forecast
.

How were Argo Blockchain's earnings last quarter?

Argo Blockchain plc (NASDAQ:ARBK) issued its quarterly earnings results on Tuesday, June, 13th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.08) by $0.10. The firm had revenue of $11.44 million for the quarter, compared to analyst estimates of $10.81 million.

When did Argo Blockchain IPO?

Argo Blockchain (ARBK) raised $112 million in an IPO on Thursday, September 23rd 2021. The company issued 7,500,000 shares at $15.00 per share.

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 Catalina Capital Group LLC (0.02%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:ARBK) was last updated on 5/9/2024 by MarketBeat.com Staff

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