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 November 4, 2024, ARBK stock price declined to $1.13 with 339,387 million shares trading.

ARBK has a beta of 0.82, meaning it tends to be less sensitive to market movements. ARBK has a correlation of 0.01 to the broad based SPY ETF.

ARBK has a market cap of $71.91 million. This is considered a Micro Cap stock.

Last quarter Argo Blockchain PLC - American Depositary Shares reported $12 million in Revenue and -$.50 earnings per share. This fell short of revenue expectation by $-2 million and missed earnings estimates by -$.43.

In the last 3 years, ARBK traded as high as $21.00 and as low as $.36.

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 price return of -5.8% while the SPY ETF gained +36.5%. ARBK has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -13.7% and -7.0%, respectively, while the SPY returned +5.3% and -2.5%, respectively.

ARBK support price is $1.10 and resistance is $1.23 (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 shares will trade within this expected range on the day.