Argo Blockchain (ARBK)

Market Cap: 94.1M

About: Argo Blockchain PLC is a data center business that provides a powerful and efficient platform for cryptocurrency mining operations. The company has operations in strategic locations in North America.

Employees: 30

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

96% more call options, than puts

Call options by funds: $196K | Put options by funds: $100K

0.15% more ownership

Funds ownership: 0.26% [Q4 2023] → 0.41% (+0.15%) [Q1 2024]

1% less capital invested

Capital invested by funds: $5.22M [Q4 2023] → $5.17M (-$45.2K) [Q1 2024]

3% less funds holding

Funds holding: 30 [Q4 2023] → 29 (-1) [Q1 2024]

13% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 8

67% less repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 12

Research analyst outlook

1 Wall Street Analyst provided 1 year price forecasts over the past 6 months

• Low target: $1.45 11% downside
• Avg. target: $1.45 11% downside
• High target: $1.45 11% downside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

Canaccord Genuity Joseph Vafi

11% downside $1.45

Hold Reiterated

28 Mar 2024