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 December 12, 2024, ARBK stock price declined to $0.77 with 596,417 million shares trading.

ARBK has a beta of 0.53, 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 $48.92 million. This is considered a Sub-Micro Cap stock.

Last quarter Argo Blockchain PLC - American Depositary Shares reported $7 million in Revenue and -$.10 earnings per share. This fell short of revenue expectation by $-3 million and missed earnings estimates by -$.02.

In the last 3 years, ARBK traded as high as $14.80 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 -51.3% while the SPY ETF gained +32.3%. ARBK has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -32.0% and -30.1%, respectively, while the SPY returned +9.3% and +0.9%, respectively.

ARBK support price is $.71 and resistance is $.86 (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.