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