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

Argo Blockchain PLC is a global 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 May 10, 2024, ARBK stock price declined to $1.29 with 215,247 million shares trading.

ARBK has a beta of 0.12, 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 $74.43 million. This is considered a Micro Cap stock.

Last quarter Argo Blockchain PLC - American Depositary Shares reported $10 million in Revenue and -$.19 earnings per share. This fell short of revenue expectation by $-3 million and missed earnings estimates by -$.07.

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

ARBK has underperformed the market in the last year with a price return of -7.2% while the SPY ETF gained +27.8%. ARBK has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -48.2% and -15.1%, respectively, while the SPY returned +4.2% and +2.5%, respectively.

ARBK support price is $1.30 and resistance is $1.44 (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.