Argo Blockchain (ARBK) versus Its Rivals Financial Analysis

Argo Blockchain (NASDAQ:ARBK) is one of 103 public companies in the “Nondepository credit institutions” industry, but how does it weigh in compared to its competitors? We will compare Argo Blockchain to similar businesses based on the strength of its earnings, risk, dividends, analyst recommendations, institutional ownership, profitability and valuation.

Analyst Recommendations

This is a breakdown of current ratings for Argo Blockchain and its competitors, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Argo Blockchain	0	2	1	0	2.33
Argo Blockchain Competitors	434	1620	2421	74	2.47

Argo Blockchain presently has a consensus price target of $2.23, suggesting a potential upside of 63.02%. As a group, “Nondepository credit institutions” companies have a potential upside of 5.85%. Given Argo Blockchain’s higher possible upside, research analysts plainly believe Argo Blockchain is more favorable than its competitors.

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	-91.94%	-494.98%	-20.42%

Valuation & Earnings

This table compares Argo Blockchain and its competitors gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Argo Blockchain	$50.56 million	-$35.03 million	-2.49
Argo Blockchain Competitors	$2.99 billion	$405.12 million	4.61

Argo Blockchain’s competitors have higher revenue and earnings than Argo Blockchain. Argo Blockchain is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Insider & Institutional Ownership

2.4% of Argo Blockchain shares are held by institutional investors. Comparatively, 33.9% of shares of all “Nondepository credit institutions” companies are held by institutional investors. 22.2% of shares of all “Nondepository credit institutions” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Risk and Volatility

Argo Blockchain has a beta of 2.01, suggesting that its stock price is 101% more volatile than the S&P 500. Comparatively, Argo Blockchain’s competitors have a beta of 5.44, suggesting that their average stock price is 444% more volatile than the S&P 500.

Summary

Argo Blockchain competitors beat Argo Blockchain on 11 of the 13 factors compared.

About Argo Blockchain

Argo Blockchain plc, together with its subsidiaries, engages in the bitcoin and other cryptocurrencies mining business worldwide. It engages in mining purpose-built computers for complex cryptographic algorithms. The company was formerly 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 based in London, the United Kingdom.