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 December 6, 2023, ARBK stock price declined to $1.62 with 312,968 million shares trading.

ARBK has a beta of 1.75, meaning it tends to be more sensitive to market movements. ARBK has a correlation of 0.03 to the broad based SPY ETF.

ARBK has a market cap of $86.93 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.

ARBK has outperformed the market in the last year with a price return of +129.9% while the SPY ETF gained +15.4%. ARBK has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +43.7% and +42.4%, respectively, while the SPY returned +1.6% and +0.3%, respectively.

ARBK support price is $1.55 and resistance is $1.83 (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.