The cryptocurrency mining service provider saw its share price shoot up early in 2021 on the back of the rising price of Bitcoin, and a surge of interest in cryptocurrencies. Given its relationship to the price of bitcoin, ARB shares could see further volatility if the cryptocurrency continues to move.
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Since the stock market crash that started in February 2020, Argo Blockchain's share price has had significant positive movement.
Its last market close was 120p, which is 94.72% up on its pre-crash value of 6.34p and 4,515.38% up on the lowest point reached during the March 2020 crash when the shares fell as low as 2.6p.
If you had bought £1,000 worth of Argo Blockchain shares at the start of February 2020, those shares would have been worth £511.45 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 £18,320.62.
| Open | 116.7p |
|---|---|
| High | 120p |
| Low | 110p |
| Close | 114p |
| Previous close | 115p |
| Change | -1p |
| Change % | -0.8696% |
| Volume | 3,246,550 |
| 52-week range | 5p - 360.08p |
|---|---|
| 50-day moving average | 137.0569p |
| 200-day moving average | 148.9552p |
| Wall St. target price | 245p |
| PE ratio | 53.6364 |
| Dividend yield | N/A (0%) |
| Earnings per share (TTM) | 2.2p |
Other fees apply. Your capital is at risk.
Share prices fluctuate in real time, so the costs presented here should be considered as a guide only. They do not incorporate stamp duty. Always refer to the platform itself for availability and pricing – which may differ from our information.
| Platform | Platform fee | Min. initial deposit | Trading fee estimate | |
|---|---|---|---|---|
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£0 | No minimum | £0.00 £114.00 total |
Capital at risk |
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£0 | $50 | £0.00 £114.00 total |
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£0 | No minimum | £0.00 £114.00 total |
Capital at risk |
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£0 | £0.01 | £1.77 £115.77 total |
Capital at risk |
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£0 | £1 | £11.95 £125.95 total |
Capital at risk |
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£9.99 per month | No minimum | £7.99 £121.99 total |
Capital at risk |
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£36 per year | £20 | £9.50 £123.50 total |
Capital at risk |
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All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
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.
Historical closes compared with the last close of 114p
| 1 week (2021-10-08) | -3.39% |
|---|---|
| 1 month (2021-09-16) | -25.49% |
| 3 months (2021-07-16) | 11.76% |
| 6 months (2021-04-16) | -32.14% |
| 1 year (2020-10-16) | 2,011.11% |
|---|---|
| 2 years (2019-10-16) | 1,505.63% |
| 3 years (2018-10-16) | 1,472.41% |
Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value.
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 54x. In other words, Argo Blockchain shares trade at around 54x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the FTSE 250 at the end of September 2019 (19.71). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Argo Blockchain's EBITDA (earnings before interest, taxes, depreciation and amortisation) is £18.8 million.
The EBITDA is a measure of a Argo Blockchain's overall financial performance and is widely used to measure a its profitability.
| Revenue TTM | £38.9 million |
|---|---|
| Operating margin TTM | 30.98% |
| Gross profit TTM | £1.9 million |
| Return on assets TTM | 9.21% |
| Return on equity TTM | 15.23% |
| Profit margin | 20.9% |
| Book value | 0.225p |
| Market capitalisation | £551.2 million |
TTM: trailing 12 months
We're not expecting Argo Blockchain to pay a dividend over the next 12 months. However, you can browse other dividend-paying shares in our guide.
Over the last 12 months, Argo Blockchain's shares have ranged in value from as little as 5p up to 360.08p. 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 (LSE average) beta is 1, while Argo Blockchain's is 3.1608. This would suggest that Argo Blockchain's shares are significantly more volatile than the average for this exchange and represent a higher risk.
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