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How to buy Argo Blockchain stock in Canada

Own Argo Blockchain shares in just a few minutes.

Argo Blockchain is a capital markets business based in the US. Argo Blockchain stocks (ARBK.US) are listed on the NASDAQ and all prices are listed in US Dollars. Its last market close was $18.76 – a decrease of 2.22% over the previous week. Argo Blockchain employs 9 staff and has a trailing 12-month revenue of around $54.4 million.

How to buy shares in Argo Blockchain

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – ARBK – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

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.

How has Coronavirus impacted Argo Blockchain's stock price?

Since the stock market crash in March caused by coronavirus, Argo Blockchain's stock price has had significant positive movement.

Its last market close was $18.48, which is 69.81% up on its pre-crash value of $5.58 and 292.36% up on the lowest point reached during the March crash when the stocks fell as low as $4.71.

If you had bought $1,000 worth of Argo Blockchain stocks at the start of February 2020, those stocks would have been worth $810.69 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $3,180.78.

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 2021-11-24.
Latest market close$18.48
52-week range$14.50 - $21.00
50-day moving average $17.24
200-day moving average $17.24
Wall St. target price$25.17
PE ratio 26.6567
Dividend yield N/A (0%)
Earnings per share (TTM) $0.67

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Note: The dollar amounts in the table below are in Canadian dollars.

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Argo Blockchain price performance over time

Historical closes compared with the close of $18.48 from 2021-11-26

1 week (2021-11-19) -2.22%
1 month (2021-10-28) 13.65%
3 months (2021-08-24) N/A
6 months (2021-05-24) N/A
1 year (2020-11-24) N/A
2 years (2019-11-24) N/A
3 years (2018-11-24) N/A
5 years (2016-11-24) N/A

Is Argo Blockchain under- or over-valued?

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 27x. In other words, Argo Blockchain shares trade at around 27x recent earnings.

That's comparable to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29).

Argo Blockchain's EBITDA

Argo Blockchain's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $39.1 million.

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

Argo Blockchain financials

Revenue TTM $54.4 million
Operating margin TTM 60.67%
Gross profit TTM $1.9 million
Return on assets TTM 9.21%
Return on equity TTM 15.23%
Profit margin 40.18%
Book value $3.98
Market capitalisation $861.8 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 $14.5 up to $21. 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 3.1174. This would suggest that Argo Blockchain's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Argo Blockchain overview

Argo Blockchain plc, together with its subsidiaries, engages in the bitcoin and other cryptocurrencies mining business worldwide. 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

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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