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Head-to-Head Review: Argo Blockchain (ARBK) vs. Its Rivals
Argo Blockchain (NASDAQ:ARBK – Get a free report) is one of 93 publicly traded companies in the “Non-Depository Credit Institutions” sector, but how does it compare to its competitors? We will compare Argo Blockchain to similar companies based on its valuation strength, institutional ownership, analyst recommendations, earnings, profitability, dividends and risk.
Analyst recommendations
This is a breakdown of current valuations and target prices for Argo Blockchain and its competitors, as provided by MarketBeat.com.
| Sell ratings | Maintain ratings | Buy ratings | Strong buy ratings | Evaluation score | |
| Argo Blockchain | 0 | 2 | 1 | 0 | 2.33 |
| Argo Blockchain Competitors | 414 | 1542 | 2201 | 25 | 2.44 |
Argo Blockchain currently has a consensus price target of $2.23, suggesting a potential upside of 54.02%. Taken together, the “Non-depository credit institutions” companies have an upside potential of 4.39%. Given Argo Blockchain’s higher possible upside potential, research analysts clearly believe that Argo Blockchain is more favorable than its competitors.
Volatility and risk
Argo Blockchain has a beta of 2.01, meaning its stock price is 101% more volatile than the S&P 500. In comparison, Argo Blockchain’s competitors have a beta of 6.68, meaning the Their average stock price is 568% more volatile than the S&P 500.
Institutional and insider ownership
2.4% of Argo Blockchain shares are held by institutional investors. In comparison, 32.9% of the shares of all “Non-Depository Credit Institutions” companies are held by institutional investors. 23.8% of the shares of all “Non-depository credit institutions” companies are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.
Profitability
This table compares Argo Blockchain and its competitors’ net margins, return on equity and return on assets.
| Net margins | Return on equity | Return on assets | |
| Argo Blockchain | -70.83% | -27,427.20% | -39.43% |
| Argo Blockchain Competitors | -31.46% | -558.74% | -25.03% |
Valuation and earnings
This table compares the revenue, earnings per share (EPS), and valuation of Argo Blockchain and its competitors.
| Gross Income | Net income | Price/earnings ratio | |
| Argo Blockchain | $50.56 million | -$35.03 million | -2.64 |
| Argo Blockchain Competitors | $2.99 billion | $455.15 million | 5.12 |
Argo Blockchain’s competitors have higher revenues and earnings than Argo Blockchain. Argo Blockchain trades at a lower P/E ratio than its peers, indicating that it is currently cheaper than other companies in its sector.
Summary
Argo Blockchain’s competitors beat Argo Blockchain on 12 of the 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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