Argo Blockchain Plc Stock Price on December 16, 2024

ARBK Stock  USD 0.63  0.02  3.28%   
If you're considering investing in Argo Stock, it is important to understand the factors that can impact its price. As of today, the current price of Argo Blockchain stands at 0.63, as last reported on the 22nd of December, with the highest price reaching 0.66 and the lowest price hitting 0.58 during the day. Argo Blockchain PLC secures Sharpe Ratio (or Efficiency) of -0.095, which signifies that the company had a -0.095% return per unit of standard deviation over the last 3 months. Argo Blockchain PLC exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Argo Blockchain's mean deviation of 5.63, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide.
  
Liabilities And Stockholders Equity is expected to rise to about 121 M this year, although the value of Total Stockholder Equity will most likely fall to about 148.8 K. . At this time, Argo Blockchain's Price To Book Ratio is quite stable compared to the past year. Price Cash Flow Ratio is expected to rise to 40.05 this year, although the value of Price Earnings Ratio is projected to rise to (3.14). Argo Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.095

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Negative ReturnsARBK

Estimated Market Risk

 6.92
  actual daily
61
61% of assets are less volatile

Expected Return

 -0.66
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.09
  actual daily
0
Most of other assets perform better
Based on monthly moving average Argo Blockchain is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Argo Blockchain by adding Argo Blockchain to a well-diversified portfolio.
Price Book
8.3911
Enterprise Value Ebitda
129.4353
Price Sales
0.7995
Shares Float
520.5 M
Wall Street Target Price
0.9333

Argo Blockchain Main Headline on 16th of December 2024

RocketFuel Blockchain and Argo Blockchain are both small-cap business services companies, but which is the better stock We will contrast the two companies based on the strength of their dividends, analyst recommendations, institutional ownership, risk, profitability, earnings and valuation. Analyst Ratings This is a breakdown

Argo Blockchain Valuation on December 16, 2024

It is possible to determine the worth of Argo Blockchain on a given historical date. On December 16, 2024 Argo was worth 0.76 at the beginning of the trading date compared to the closed value of 0.77. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Argo Blockchain stock. Still, in general, we apply an absolute valuation method to find Argo Blockchain's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Argo Blockchain where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Argo Blockchain's related companies.
 Open High Low Close Volume
  0.79    0.79    0.72    0.73    540,642  
12/16/2024
  0.76    0.79    0.73    0.77    730,399  
  0.78    0.78    0.70    0.70    676,119  
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Open Value
0.76
0.77
Closing Value
21.51
Upside

Argo Blockchain Trading Date Momentum on December 16, 2024

On December 17 2024 Argo Blockchain PLC was traded for  0.70  at the closing time. The top price for the day was 0.78  and the lowest listed price was  0.70 . The trading volume for the day was 676.1 K. The trading history from December 17, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 9.09% . The overall trading delta against the current closing price is 22.08% .

Argo Blockchain PLC Fundamentals Correlations and Trends

By evaluating Argo Blockchain's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Argo Blockchain's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Argo financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Argo Blockchain Stock history

Argo Blockchain investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Argo is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Argo Blockchain PLC will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Argo Blockchain stock prices may prove useful in developing a viable investing in Argo Blockchain
Last ReportedProjected for Next Year
Common Stock Shares Outstanding503.9 M377.8 M
Net Loss-174.8 M-166.1 M

Argo Blockchain Stock Technical Analysis

Argo Blockchain technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Argo Blockchain technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Argo Blockchain trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Argo Blockchain Period Price Range

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Argo Blockchain PLC cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Argo Blockchain December 22, 2024 Market Strength

Market strength indicators help investors to evaluate how Argo Blockchain stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Argo Blockchain shares will generate the highest return on investment. By undertsting and applying Argo Blockchain stock market strength indicators, traders can identify Argo Blockchain PLC entry and exit signals to maximize returns

Argo Blockchain Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Argo Blockchain's price direction in advance. Along with the technical and fundamental analysis of Argo Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Argo to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
When determining whether Argo Blockchain PLC is a strong investment it is important to analyze Argo Blockchain's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Argo Blockchain's future performance. For an informed investment choice regarding Argo Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Argo Blockchain PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Argo Blockchain. If investors know Argo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Argo Blockchain listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.94)
Earnings Share
(0.90)
Revenue Per Share
1.01
Quarterly Revenue Growth
(0.03)
Return On Assets
(0.16)
The market value of Argo Blockchain PLC is measured differently than its book value, which is the value of Argo that is recorded on the company's balance sheet. Investors also form their own opinion of Argo Blockchain's value that differs from its market value or its book value, called intrinsic value, which is Argo Blockchain's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Argo Blockchain's market value can be influenced by many factors that don't directly affect Argo Blockchain's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Argo Blockchain's value and its price as these two are different measures arrived at by different means. Investors typically determine if Argo Blockchain is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Argo Blockchain's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.