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How to buy Argo Blockchain stock

Learn how to easily invest in Argo Blockchain stock.

Argo Blockchain, a London-based crytocurrency mining company, completed its initial public offering of American depositary shares at $15 each. The depositary shares debuted on the Nasdaq at $15.05 Thursday.

The company's stock trades on the London Stock Exchange, as well as the Over-the-Counter Markets in the US as "ARBKF."

How to buy Argo Blockchain stock

  1. Open a stock trading account. Use our comparison table or choose from our Top Picks.
  2. Confirm your payment details. Fund your account with a bank transfer, debit card or credit card and take advantage of any signup bonuses.
  3. Search for the stock by name or ticker symbol – ARBK. It's that simple.

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Argo Blockchain stock price (NASDAQ: ARBK)

Use our graph to track the performance of ARBK stocks over time.

Argo Blockchain shares at a glance

Information last updated 2023-02-03.
Latest market close$1.97
52-week range$0.36 - $11.40
50-day moving average $1.07
200-day moving average $3.69
Wall St. target price$1.16
PE ratio 2.6834
Dividend yield $0 (0%)
Earnings per share (TTM) $0.79

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Is it a good time to buy Argo Blockchain stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Argo Blockchain price performance over time

Historical closes compared with the close of $1.97 from 2023-02-03

1 week (2023-01-27) 3.68%
1 month (2023-01-04) 64.17%
3 months (2022-11-04) 115.77%
6 months (2022-08-04) -61.07%
1 year (2022-02-04) -81.06%
2 years (2021-01-31) N/A
3 years (2020-02-03) 5.81
5 years (2018-01-31) N/A

Is Argo Blockchain stock undervalued or overvalued?

Valuing Argo Blockchain stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Argo Blockchain's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Argo Blockchain's P/E ratio

Argo Blockchain's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 3x. In other words, Argo Blockchain shares trade at around 3x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

However, Argo Blockchain's P/E ratio is best considered in relation to those of others within the capital markets industry or those of similar companies.

Argo Blockchain's EBITDA

Argo Blockchain's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $269,000.

The EBITDA is a measure of a Argo Blockchain's overall financial performance and is widely used to measure a its profitability.

To put Argo Blockchain's EBITDA into context you can compare it against that of similar companies.

Argo Blockchain financials

Revenue TTM $69.8 million
Gross profit TTM $51.1 million
Return on assets TTM -4.11%
Return on equity TTM -5.54%
Profit margin -9.96%
Book value $3.46
Market capitalisation $107.1 million

TTM: trailing 12 months

Argo Blockchain share dividends

We're not expecting Argo Blockchain to pay a dividend over the next 12 months.

Argo Blockchain share price volatility

Over the last 12 months, Argo Blockchain's shares have ranged in value from as little as $0.36 up to $11.4. A popular way to gauge a stock's volatility is its "beta".

ARBK.US volatility(beta: 2.05)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Argo Blockchain's is 2.0526. This would suggest that Argo Blockchain's shares are significantly more volatile than the average for this exchange and represent a higher risk.

To put Argo Blockchain's beta into context you can compare it against those of similar companies.

Argo Blockchain overview

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. .

Frequently asked questions

What percentage of Argo Blockchain is owned by insiders or institutions?
Currently 0.027% of Argo Blockchain shares are held by insiders and 1.941% by institutions.
How many people work for Argo Blockchain?
Latest data suggests 43 work at Argo Blockchain.
When does the fiscal year end for Argo Blockchain?
Argo Blockchain's fiscal year ends in December.
Where is Argo Blockchain based?
Argo Blockchain's address is: 16 Great Queen Street, London, United Kingdom, WC2B 5DG
What is Argo Blockchain's ISIN number?
Argo Blockchain's international securities identification number is: US0401261047

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