Argo Blockchain Plc Stock Price on December 31, 2023
| ARBK Stock | USD 1.13 0.04 3.42% |
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 1.13, as last reported on the 26th of November, with the highest price reaching 1.17 and the lowest price hitting 1.09 during the day. As of now, Argo Stock is extremely dangerous. Argo Blockchain PLC secures Sharpe Ratio (or Efficiency) of 0.0016, which signifies that the company had a 0.0016% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Argo Blockchain PLC, which you can use to evaluate the volatility of the firm. Please confirm Argo Blockchain's risk adjusted performance of 0.0101, and Mean Deviation of 4.94 to double-check if the risk estimate we provide is consistent with the expected return of 0.0095%.
At this time, Argo Blockchain's Common Stock Shares Outstanding is quite stable compared to the past year. 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 150.1 K. . At this time, Argo Blockchain's Price Fair Value is quite stable compared to the past year. Argo Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Argo |
Sharpe Ratio = 0.0016
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| Negative Returns | ARBK |
Estimated Market Risk
| 6.11 actual daily | 54 54% of assets are less volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 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 1.3339 | Shares Float 520.5 M | Wall Street Target Price 1.0333 |
Argo Blockchain Valuation on December 31, 2023
It is possible to determine the worth of Argo Blockchain on a given historical date. On December 31, 2023 Argo was worth 3.88 at the beginning of the trading date compared to the closed value of 3.74. 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 | |
| 3.59 | 4.24 | 3.51 | 4.08 | 3,564,934 | |
12/29/2023 | 3.88 | 4.17 | 3.55 | 3.74 | 3,547,914 |
| 4.42 | 4.45 | 3.28 | 3.35 | 2,873,830 |
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Argo Blockchain Trading Date Momentum on December 31, 2023
| On January 02 2024 Argo Blockchain PLC was traded for 3.35 at the closing time. The top price for the day was 4.45 and the lowest listed price was 3.28 . The trading volume for the day was 2.9 M. The trading history from January 2, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 10.43% . The overall trading delta against the current closing price is 17.38% . |
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 Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 50.4 M | 66.1 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.
Price Boundaries
Argo Blockchain Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
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 November 26, 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.
| Risk Adjusted Performance | 0.0101 | |||
| Jensen Alpha | (0.50) | |||
| Total Risk Alpha | (0.99) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 2.0E-4 |
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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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
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.