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Home » Analyzing Argo Blockchain (NASDAQ:ARBK) and Coinbase Global (NASDAQ:COIN)
Blockchain

Analyzing Argo Blockchain (NASDAQ:ARBK) and Coinbase Global (NASDAQ:COIN)

July 28, 20243 Mins Read
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Analyzing Argo Blockchain (NASDAQ:ARBK) and Coinbase Global (NASDAQ:COIN)
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Argo Blockchain (NASDAQ:ARBK – Get Free Report) and Coinbase Global (NASDAQ:COIN – Get Free Report) are both finance companies, but which is the superior stock? We will compare the two companies based on the strength of their dividends, analyst recommendations, earnings, profitability, valuation, risk and institutional ownership.

Analyst Ratings

This is a breakdown of current ratings and target prices for Argo Blockchain and Coinbase Global, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Argo Blockchain 0 2 1 0 2.33
Coinbase Global 2 7 9 0 2.39

Argo Blockchain presently has a consensus price target of $2.23, suggesting a potential upside of 37.01%. Coinbase Global has a consensus price target of $237.50, suggesting a potential downside of 2.24%. Given Argo Blockchain’s higher possible upside, equities analysts plainly believe Argo Blockchain is more favorable than Coinbase Global.

Volatility & Risk

Argo Blockchain has a beta of 1.9, meaning that its share price is 90% more volatile than the S&P 500. Comparatively, Coinbase Global has a beta of 3.4, meaning that its share price is 240% more volatile than the S&P 500.

Institutional and Insider Ownership

2.4% of Argo Blockchain shares are owned by institutional investors. Comparatively, 68.8% of Coinbase Global shares are owned by institutional investors. 23.4% of Coinbase Global shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Valuation and Earnings

This table compares Argo Blockchain and Coinbase Global’s top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Argo Blockchain $50.56 million 1.86 -$35.03 million ($0.47) -3.47
Coinbase Global $3.11 billion 19.19 $94.87 million $5.01 48.49

Coinbase Global has higher revenue and earnings than Argo Blockchain. Argo Blockchain is trading at a lower price-to-earnings ratio than Coinbase Global, indicating that it is currently the more affordable of the two stocks.

Profitability

This table compares Argo Blockchain and Coinbase Global’s 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%
Coinbase Global 33.98% 9.42% 0.30%

Summary

Coinbase Global beats Argo Blockchain on 13 of the 14 factors compared between the two stocks.

About Argo Blockchain

(Get Free Report)

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.

About Coinbase Global

(Get Free Report)

Coinbase Global logoCoinbase Global, Inc. provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions. It also provides technology and services that enable developers to build crypto products and securely accept crypto assets as payment. The company was founded in 2012 and is based in Wilmington, Delaware.



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