Analyzing Argo Blockchain (ARBK) & Its Peers

Argo Blockchain (NASDAQ:ARBKGet Free Report) is one of 107 public companies in the “Nondepository credit institutions” industry, but how does it compare to its rivals? We will compare Argo Blockchain to similar businesses based on the strength of its earnings, institutional ownership, profitability, risk, analyst recommendations, dividends and valuation.

Profitability

This table compares Argo Blockchain and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Argo Blockchain -54.06% -4,172.69% -35.97%
Argo Blockchain Competitors -90.81% -132.88% -20.98%

Analyst Recommendations

This is a summary of current ratings and recommmendations for Argo Blockchain and its rivals, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Argo Blockchain 0 2 1 0 2.33
Argo Blockchain Competitors 437 1633 2476 76 2.47

Argo Blockchain currently has a consensus target price of $2.23, suggesting a potential upside of 59.52%. As a group, “Nondepository credit institutions” companies have a potential upside of 7.12%. Given Argo Blockchain’s higher probable upside, analysts clearly believe Argo Blockchain is more favorable than its rivals.

Insider & Institutional Ownership

2.4% of Argo Blockchain shares are held by institutional investors. Comparatively, 33.2% of shares of all “Nondepository credit institutions” companies are held by institutional investors. 21.7% of shares of all “Nondepository credit institutions” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

Risk & Volatility

Argo Blockchain has a beta of 1.96, meaning that its share price is 96% more volatile than the S&P 500. Comparatively, Argo Blockchain’s rivals have a beta of 5.21, meaning that their average share price is 421% more volatile than the S&P 500.

Earnings & Valuation

This table compares Argo Blockchain and its rivals top-line revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Argo Blockchain $50.56 million -$35.03 million -2.98
Argo Blockchain Competitors $2.66 billion $385.89 million 4.46

Argo Blockchain’s rivals have higher revenue and earnings than Argo Blockchain. Argo Blockchain is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Summary

Argo Blockchain rivals beat Argo Blockchain on 11 of the 13 factors compared.

About Argo Blockchain

(Get Free Report)

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 complex 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 based in London, the United Kingdom.

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