Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Argo Blockchain plc American Depositary Shares Market Cap
Based on ratings from 4 stock analysts, the Argo Blockchain plc American Depositary Shares stock price is expected to decrease by 7.74% in 12 months. This is calculated by using the average 12-month stock price forecast for Argo Blockchain plc American Depositary Shares. The lowest target is $1 and the highest is $1.1. Please note analyst price targets are not guaranteed and could be missed completely.
About 4 Wall Street analysts have assignedARBK 0 buy ratings, 3 hold ratings, and 1 sell ratings. This means that analysts expect Argo Blockchain plc American Depositary Shares to hold. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on ARBK. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of ARBK.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Kevin Dede HC Wainwright & Co. | Neutral | Reiterates | Nov 21, 2024 | |
| Kevin Dede HC Wainwright & Co. | Neutral | Reiterates | Aug 29, 2024 | |
| Kevin Dede HC Wainwright & Co. | Neutral | Reiterates | May 24, 2024 | |
| Kevin Dede HC Wainwright & Co. | Neutral | Reiterates | Apr 26, 2024 | |
| Joseph Vafi Canaccord Genuity | Hold | $1.45 | Reiterates | Mar 28, 2024 |
| Joseph Vafi Canaccord Genuity | Hold | $1.45 | Reiterates | Nov 16, 2023 |
| Kevin Dede HC Wainwright & Co. | Buy | $2.5 | Reiterates | Aug 30, 2023 |
| Chase White Compass Point | Buy | $2.75 | Maintains | Aug 30, 2023 |
| Kevin Dede HC Wainwright & Co. | Buy | $2.5 | Reiterates | Jun 7, 2023 |
| Joseph Vafi Canaccord Genuity | Hold | $1.45 | Maintains | May 3, 2023 |
| Kevin Dede HC Wainwright & Co. | Buy | $2.5 | Upgrade | May 1, 2023 |
| Chase White Compass Point | Buy | $3 | Upgrade | Apr 14, 2023 |
| Darren Aftahi Roth Capital | Neutral | $1 | Upgrade | Jan 4, 2023 |
| Kevin Dede HC Wainwright & Co. | Neutral | Downgrade | Dec 14, 2022 | |
| Ramsey El-Assal Barclays | Equal-Weight | $1 | Maintains | Nov 7, 2022 |
| Chase White Compass Point | Neutral | $1 | Maintains | Nov 1, 2022 |
| Joseph Vafi Canaccord Genuity | Hold | $1 | Downgrade | Nov 1, 2022 |
| Darren Aftahi Roth Capital | Sell | $0.25 | Downgrade | Oct 31, 2022 |
| Chase White Compass Point | Neutral | Downgrade | Oct 25, 2022 | |
| Ramsey El-Assal Barclays | Equal-Weight | $3 | Downgrade | Oct 10, 2022 |
When did it IPO
2021
Staff Count
30
Country
United Kingdom
Sector/Industry
Financial Services/Capital Markets
CEO
Mr. Thomas Joseph Chippas
Market Cap
$71.3M
In 2023, ARBK generated $57.7M in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that ARBK's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Wed, 20 Nov 2024
Sentiment - NEUTRAL
Source - Accesswire
Summary - Argo Blockchain plc reported Q3 2024 revenue of $7.5M, down from $10.4M last year. They mined 123 BTC with a mining margin of 8%, down from 58% in Q3 2023.
Why It Matters - Argo Blockchain's declining revenue and mining margins indicate potential challenges in profitability. Investors may reassess the company's growth prospects and operational efficiency in a competitive market.
Wed, 20 Nov 2024
Sentiment - POSITIVE
Source - Proactive Investors
Summary - Argo Blockchain reported Q3 2024 revenue of $7.50 million, totaling $36.70 million for the nine months ending September 30. CEO emphasizes focus on growth opportunities.
Why It Matters - Argo Blockchain's focus on growth and reported revenue figures indicate potential for future profitability, influencing investor sentiment on its stock performance and market position.
Wed, 20 Nov 2024
Sentiment - NEUTRAL
Source - Seeking Alpha
Summary - Argo Blockchain plc (NASDAQ: ARBK) will hold its Q3 2024 Earnings Conference Call on November 20, 2024, at 10:00 AM ET, featuring key company executives.
Why It Matters - The Q3 earnings call for Argo Blockchain offers insights into the company's financial health and strategic direction, crucial for assessing investment potential and market performance.
Thu, 14 Nov 2024
Sentiment - NEUTRAL
Source - Accesswire
Summary - Argo Blockchain plc will release its Q3 2024 results on November 20, 2024, and host a conference call at 10:00 ET / 15:00 GMT on the same day.
Why It Matters - Argo Blockchain's Q3 2024 results announcement and conference call could significantly impact investor sentiment and stock valuation, especially in the volatile cryptocurrency sector.
Thu, 07 Nov 2024
Sentiment - NEUTRAL
Source - Accesswire
Summary - Argo Blockchain has signed a non-binding LOI with BE Global Development to expand its Baie-Comeau facility, diversifying into high-performance computing alongside Bitcoin mining.
Why It Matters - Argo Blockchain's expansion into high-performance computing diversifies its revenue streams, reducing reliance on Bitcoin mining and tapping into growing AI and data processing markets, potentially enhancing profitability.
Tue, 05 Nov 2024
Sentiment - NEUTRAL
Source - Accesswire
Summary - Argo Blockchain mined 46 BTC in October 2024, averaging 1.5 BTC per day, marking a 24% increase from September's production levels.
Why It Matters - Argo Blockchain's 24% increase in Bitcoin production signals operational efficiency and potential revenue growth, impacting market sentiment and stock valuation for cryptocurrency-related investments.
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