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Financial Analysis: Argo Blockchain (ARBK) vs. Its Competitors
Argo Blockchain (NASDAQ:ARBK – Get a free report) is one of 107 public companies in the “Non-depository Credit Institutions” sector, but how does it compare to its rivals? We will compare Argo Blockchain to similar companies based on the strength of its institutional ownership, risk, earnings, dividends, profitability, valuation and analyst recommendations.
Risk and volatility
Argo Blockchain has a beta of 1.97, indicating that its stock price is 97% more volatile than the S&P 500. In comparison, Argo Blockchain’s rivals have a beta of 5.27, indicating that their average stock price stock is 427% more volatile than the S&P 500.
Profitability
This table compares Argo Blockchain and the net margins, return on equity and return on assets of its rivals.
| Net margins | Return on equity | Return on assets | |
| Argo Blockchain | -54.06% | -4,172.69% | -35.97% |
| Argo Blockchain Competitors | -90.78% | -132.81% | -20.96% |
Valuation and earnings
This table compares Argo Blockchain and its rivals in terms of revenue, earnings per share (EPS) and valuation.
| Gross Income | Net income | Price/earnings ratio | |
| Argo Blockchain | $50.56 million | -$35.03 million | -2.94 |
| Argo Blockchain Competitors | $3.06 billion | $385.89 million | 4.24 |
Argo Blockchain’s rivals have higher revenue and earnings than Argo Blockchain. Argo Blockchain trades at a lower P/E ratio than its rivals, indicating that it is currently cheaper than other companies in its sector.
Analyst recommendations
This is a breakdown of current recommendations and price targets for Argo Blockchain and its rivals, as reported by MarketBeat.
| Sell ratings | Maintain ratings | Buy ratings | Strong buy ratings | Evaluation score | |
| Argo Blockchain | 0 | 2 | 1 | 0 | 2.33 |
| Argo Blockchain Competitors | 435 | 1627 | 2464 | 76 | 2.47 |
Argo Blockchain currently has a consensus price target of $2.23, suggesting a potential upside of 61.84%. Overall, “Non-depository credit institutions” companies have an upside potential of 8.64%. Given Argo Blockchain’s likely higher upside, analysts clearly believe Argo Blockchain is more favorable than its rivals.
Institutional and privileged ownership
2.4% of Argo Blockchain shares are owned by institutional investors. In comparison, 33.3% of the shares of all “Non-Depository Lenders” companies are owned by institutional investors. 23.1% of the shares of all “Non-depository credit institutions” companies are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers, and hedge funds believe a company is poised for long-term growth.
Summary
Argo Blockchain’s rivals beat Argo Blockchain on 11 of 13 factors compared.
Argo Blockchain Company Profile
Argo Blockchain plc, together with its subsidiaries, is engaged in the mining of bitcoin and other cryptocurrencies worldwide. Engages in mining purpose-built computers for complex cryptographic algorithms. The company was previously known as GoSun Blockchain Limited and changed its name to Argo Blockchain plc in December 2017. Argo Blockchain plc was incorporated in 2017 and is headquartered in London, United Kingdom.
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