ARBK Stock Summary and Trading Ideas (Argo Blockchain PLC - American Depositary Shares | NASDAQ:ARBK)

Argo Blockchain PLC is a data center business that provides a powerful and efficient platform for cryptocurrency mining operations. The company has operations in strategic locations in North America.

Argo Blockchain PLC - American Depositary Shares trades on the NASDAQ stock market under the symbol ARBK.

As of July 26, 2024, ARBK stock price climbed to $1.63 with 601,557 million shares trading.

ARBK has a beta of 0.31, meaning it tends to be less sensitive to market movements. ARBK has a correlation of 0.00 to the broad based SPY ETF.

ARBK has a market cap of $94.05 million. This is considered a Micro Cap stock.

Last quarter Argo Blockchain PLC - American Depositary Shares reported $17 million in Revenue and -$.10 earnings per share. This fell short of revenue expectation by $-3 million and missed earnings estimates by -$.10.

The top ETF exchange traded funds that ARBK belongs to (by Net Assets): WGMI.

ARBK has underperformed the market in the last year with a return of +11.6%, while the SPY ETF gained +21.0%. In the last 3 month period, ARBK fell short of the market, returning +7.2%, while SPY returned +8.5%. However, in the most recent 2 weeks ARBK has outperformed the stock market by returning +46.8%, while SPY returned -2.2%.

ARBK support price is $1.37 and resistance is $1.63 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ARBK stock will trade within this expected range on the day.