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 year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ARBK shares. View ARBK analyst ratings or view top-rated stocks .

What is Argo Blockchain's stock price target for 2024?

3 Wall Street analysts have issued 12 month price targets for Argo Blockchain's shares. Their ARBK share price targets range from $1.45 to $2.75. On average, they expect the company's share price to reach $2.23 in the next twelve months. This suggests a possible upside of 55.1% 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 start of the year. Since then, ARBK stock has decreased by 61.5% and is now trading at $1.44. View the best growth stocks for 2024 here .

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) posted its earnings results on Tuesday, June, 13th. The company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by $0.10. The business earned $11.44 million during the quarter, compared to analyst estimates of $10.81 million.

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) , Invesco Alerian Galaxy Crypto Economy ETF (SATO) and iShares Frontier and Select EM ETF (FM) . iShares Blockchain and Tech ETF (IBLC) .

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 a price of $15.00 per share.

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 .

Positive News SentimentPositive News

NASDAQ:ARBK

Argo Blockchain (ARBK) Stock Price, News & Analysis

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$1.44

+0.10 (+7.46%)

(As of 04/16/2024 ET)

Compare

Today's Range: $1.32
▼
$1.46
50-Day Range: $1.34
▼
$2.85
52-Week Range: $0.92
▼
$4.45

Volume: 190,733 shs
Average Volume: 864,903 shs
Market Capitalization: $83.17 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $2.23

Get Argo Blockchain alerts:

Argo Blockchain MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 55.1% Upside
$2.23 Price Target
Short Interest: Healthy
0.76% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.62) to ($0.56) 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.

1.78 out of 5 stars

Finance Sector

689th out of 847 stocks

Nondepository Credit Institutions Industry

33rd out of 46 stocks

3.3

Analyst's Opinion

Consensus Rating
Argo Blockchain has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Argo Blockchain has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.76% 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 0.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Argo Blockchain has recently increased by 33.78%, indicating that investor sentiment is decreasing 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 1.87. 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 0.64 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Argo Blockchain this week, compared to 0 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 -33% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Argo Blockchain to their MarketBeat watchlist in the last 30 days. This is a decrease of -70% 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 2.42% of the stock of Argo Blockchain is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Argo Blockchain are expected to grow in the coming year, from ($0.62) to ($0.56) per share.
Price to Book Value per Share Ratio
Argo Blockchain has a P/B Ratio of 4.80. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

ARBK Stock News Headlines

April 1, 2024 | investorplace.com

3 Stocks to Ditch Following the April Bitcoin Halving

March 27, 2024 | prnewswire.com

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Argo Blockchain plc - ARBK

April 16, 2024 | Gold Safe Exchange (Ad)

Trump’s “Tax Free” Retirement Strategy

March 27, 2024 | investing.com

Jefferies lifts Argo Blockchain share price target on Bitcoin price surge impact

March 19, 2024 | prnewswire.com

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Argo Blockchain plc - ARBK

March 11, 2024 | prnewswire.com

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Argo Blockchain plc - ARBK

February 19, 2024 | msn.com

Bitcoin Miner Stock Gains Surpass Bitcoin. The Halving May Change That.

January 5, 2024 | morningstar.com

Thinking about buying stock in Voyager Therapeutics, Fusion Pharmaceuticals, AT&T, Argo Blockchain, or China Green Agriculture?

April 16, 2024 | Gold Safe Exchange (Ad)

Trump’s “Tax Free” Retirement Strategy

November 27, 2023 | finance.yahoo.com

Argo Blockchain PLC Announces Appointment of CEO and PDMR Notification

November 17, 2023 | finance.yahoo.com

Argo Blockchain plc (NASDAQ:ARBK) Q3 2023 Earnings Call Transcript

August 31, 2023 | finance.yahoo.com

Argo Blockchain plc (NASDAQ:ARBK) Q2 2023 Earnings Call Transcript

August 30, 2023 | markets.businessinsider.com

H.C. Wainwright Reaffirms Their Buy Rating on Argo Blockchain (ARBK)

August 29, 2023 | markets.businessinsider.com

Cryptocurrency Miner Argo Blockchain H1 Revenue Tumbles 31% On Lower Bitcoin Price

August 28, 2023 | benzinga.com

Preview: Argo Blockchain's Earnings

August 1, 2023 | msn.com

Argo Blockchain Plc - ADR (ARBK) Price Target Increased by 3922.46% to 33.01

July 19, 2023 | markets.businessinsider.com

Argo Blockchain's Share Sale: The $7.5M Power Play In Crypto Mining

July 18, 2023 | finance.yahoo.com

Argo Blockchain PLC Announces Proposed Placing Retail Offer New Ordinary Shares

July 18, 2023 | finance.yahoo.com

Argo Blockchain PLC Announces PrimaryBid Offer

July 10, 2023 | benzinga.com

Thinking about buying stock in Neonode, Vinco Ventures, Gorilla Technology Group, Argo Blockchain, or Advanced Health Intelligence?

June 25, 2023 | benzinga.com

Argo Blockchain Stock (NASDAQ:ARBK), Insider Trading Activity

June 9, 2023 | fool.com

Argo Blockchain Plc (NASDAQ: ARBK)

June 7, 2023 | markets.businessinsider.com

H.C. Wainwright Sticks to Its Buy Rating for Argo Blockchain (ARBK)

May 30, 2023 | finance.yahoo.com

Are Finance Stocks Lagging Argo Blockchain (ARBK) This Year?

May 11, 2023 | finance.yahoo.com

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

May 1, 2023 | markets.businessinsider.com

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

April 18, 2023 | benzinga.com

Argo Blockchain Stock (NASDAQ:ARBK), Dividends

See More Headlines

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Company Calendar

Last Earnings: 6/13/2023
Today: 4/16/2024
Next Earnings (Estimated): 6/04/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: Nondepository credit institutions
Sub-Industry: N/A
Current Symbol: NASDAQ:ARBK
CUSIP: N/A
CIK: 1841675
Web: argoblockchain.com
Phone: 44-78-8400-3403
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: +65.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 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: N/A
Current Ratio: 0.59
Quick Ratio: 0.59

Sales & Book Value

Annual Sales: $58.58 million
Price / Sales: 1.33
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.30 per share
Price / Book: 4.50

Miscellaneous

Outstanding Shares: 57,760,000
Free Float: 57,762,000
Market Cap: $77.98 million
Optionable: Optionable
Beta: 1.85

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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

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

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 year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ARBK shares.
View ARBK analyst ratings or view top-rated stocks.
What is Argo Blockchain's stock price target for 2024?: 3 Wall Street analysts have issued 12 month price targets for Argo Blockchain's shares. Their ARBK share price targets range from $1.45 to $2.75. On average, they expect the company's share price to reach $2.23 in the next twelve months. This suggests a possible upside of 55.1% 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 start of the year. Since then, ARBK stock has decreased by 61.5% and is now trading at $1.44.
View the best growth stocks for 2024 here.
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) posted its earnings results on Tuesday, June, 13th. The company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by $0.10. The business earned $11.44 million during the quarter, compared to analyst estimates of $10.81 million.
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), Invesco Alerian Galaxy Crypto Economy ETF (SATO) and iShares Frontier and Select EM ETF (FM).iShares Blockchain and Tech ETF (IBLC).
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 a price of $15.00 per share.
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 4/16/2024 by MarketBeat.com Staff

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Argo Blockchain (ARBK) Stock Price, News & Analysis

Argo Blockchain MarketRank™ Stock Analysis

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 Stock (NASDAQ:ARBK)

ARBK Stock Price History

ARBK Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

ARBK Stock Analysis - Frequently Asked Questions

Overall MarketRank^™