Argo Blockchain PLC's fundamentals are relatively healthy, and its growth potential is significant.Its valuation is considered fairly valued, ranking 45/72 in the Financial Technology (Fintech) & Infrastructure industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Hold, with the highest price target at 0.25.In the medium term, the stock price is expected to trend up.The company has been performing strongly in the stock market over the past month, which is supported by its strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Argo Blockchain PLC's Score
Industry at a Glance
Industry Ranking
45 / 72
Overall Ranking
299 / 4592
Industry
Financial Technology (Fintech) & Infrastructure
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Analyst Rating
Based on
1
analysts
Hold
Current Rating
0.250
Target Price
+51.42%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
Argo Blockchain PLC Highlights
StrengthsRisks
Argo Blockchain plc is a United Kingdom-based blockchain technology company focused on large-scale mining of Bitcoin. It mines using purpose-built computers (or mining machines) to solve complex cryptographic algorithms (or verify or solve blocks) on the blockchain in exchange for rewards and fees denominated in the native token of that blockchain network. Its mining fleet primarily consists of Bitmain Antminer S19, S19 Pro, S19J Pro, and ePIC BlockMiners, all of which utilize advanced application-specific-integrated-circuits (ASICs) designed specifically for cryptocurrency mining. Its fleet of miners is operational in its Quebec facility, with additional hosted sites in North America. Its Baie Comeau location is over 40,000 square feet and operates around 15 megawatts (MW). The Baie Comeau hydroelectric dam generates 100% renewable power. The Company's subsidiaries include Argo Innovation Labs Inc., Argo Operating US LLC, and Argo Holdings US Inc.
Growing
The company is in a growing phase, with the latest annual income totaling USD 47.02M.
Undervalued
The company’s latest PB is -166.57, at a low 3-year percentile range.
Argo Blockchain plc is a United Kingdom-based blockchain technology company focused on large-scale mining of Bitcoin. It mines using purpose-built computers (or mining machines) to solve complex cryptographic algorithms (or verify or solve blocks) on the blockchain in exchange for rewards and fees denominated in the native token of that blockchain network. Its mining fleet primarily consists of Bitmain Antminer S19, S19 Pro, S19J Pro, and ePIC BlockMiners, all of which utilize advanced application-specific-integrated-circuits (ASICs) designed specifically for cryptocurrency mining. Its fleet of miners is operational in its Quebec facility, with additional hosted sites in North America. Its Baie Comeau location is over 40,000 square feet and operates around 15 megawatts (MW). The Baie Comeau hydroelectric dam generates 100% renewable power. The Company's subsidiaries include Argo Innovation Labs Inc., Argo Operating US LLC, and Argo Holdings US Inc.
Ticker SymbolARBK
CompanyArgo Blockchain PLC
CEONolan (Justin)
Websitehttps://argoblockchain.com/
FAQs
What is the current price of Argo Blockchain PLC (ARBK)?
The current price of Argo Blockchain PLC (ARBK) is 5.130.
What is the symbol of Argo Blockchain PLC?
The ticker symbol of Argo Blockchain PLC is ARBK.
What is the 52-week high of Argo Blockchain PLC?
The 52-week high of Argo Blockchain PLC is 205.200.
What is the 52-week low of Argo Blockchain PLC?
The 52-week low of Argo Blockchain PLC is 6.240.
What is the market capitalization of Argo Blockchain PLC?
The market capitalization of Argo Blockchain PLC is 3.70B.
What is the net income of Argo Blockchain PLC?
The net income of Argo Blockchain PLC is -55.10M.
Is Argo Blockchain PLC (ARBK) currently rated as Buy, Hold, or Sell?
According to analysts, Argo Blockchain PLC (ARBK) has an overall rating of Hold, with a price target of 0.250.
What is the Earnings Per Share (EPS TTM) of Argo Blockchain PLC (ARBK)?
The Earnings Per Share (EPS TTM) of Argo Blockchain PLC (ARBK) is -0.091.