Financial Survey: Argo Blockchain (ARBK) and Its Peers

Argo Blockchain (NASDAQ:ARBK) is one of 107 publicly-traded companies in the “Nondepository credit institutions” industry, but how does it contrast to its peers? We will compare Argo Blockchain to similar businesses based on the strength of its valuation, analyst recommendations, profitability, dividends, institutional ownership, risk and earnings.

Earnings & Valuation

This table compares Argo Blockchain and its peers revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Argo Blockchain	$50.56 million	-$35.03 million	-3.00
Argo Blockchain Competitors	$2.93 billion	$385.89 million	3.77

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

Profitability

This table compares Argo Blockchain and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Argo Blockchain	-54.06%	-4,172.69%	-35.97%
Argo Blockchain Competitors	-90.79%	-132.80%	-20.95%

Insider & Institutional Ownership

2.4% of Argo Blockchain shares are owned by institutional investors. Comparatively, 33.2% of shares of all “Nondepository credit institutions” companies are owned by institutional investors. 21.7% of shares of all “Nondepository credit institutions” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Volatility & Risk

Argo Blockchain has a beta of 2.01, indicating that its share price is 101% more volatile than the S&P 500. Comparatively, Argo Blockchain’s peers have a beta of 5.42, indicating that their average share price is 442% more volatile than the S&P 500.

Analyst Ratings

This is a summary of current ratings and recommmendations for Argo Blockchain and its peers, 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	1626	2460	76	2.47

Argo Blockchain presently has a consensus target price of $2.23, indicating a potential upside of 58.39%. As a group, “Nondepository credit institutions” companies have a potential upside of 6.55%. Given Argo Blockchain’s higher possible upside, analysts plainly believe Argo Blockchain is more favorable than its peers.

Summary

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

Argo Blockchain Company Profile

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.