Financial Review: Argo Blockchain (NASDAQ:ARBK) & Magic Empire Global (NASDAQ:MEGL)

17 views 11:32 pm 0 Comments March 1, 2024

Magic Empire Global (NASDAQ:MEGL – Get Free Report) and Argo Blockchain (NASDAQ:ARBK – Get Free Report) are both small-cap finance companies, but which is the better investment? We will contrast the two companies based on the strength of their institutional ownership, valuation, analyst recommendations, profitability, earnings, dividends and risk.

Volatility and Risk

Magic Empire Global has a beta of 3.46, meaning that its stock price is 246% more volatile than the S&P 500. Comparatively, Argo Blockchain has a beta of 1.9, meaning that its stock price is 90% more volatile than the S&P 500.

Earnings & Valuation

This table compares Magic Empire Global and Argo Blockchain’s top-line revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Magic Empire Global $1.43 million 10.93 -$490,000.00 N/A N/A
Argo Blockchain $58.58 million 2.29 -$240.24 million N/A N/A

Magic Empire Global has higher earnings, but lower revenue than Argo Blockchain.

Analyst Recommendations

This is a summary of current ratings for Magic Empire Global and Argo Blockchain, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Magic Empire Global 0 0 0 0 N/A
Argo Blockchain 0 1 2 0 2.67

Argo Blockchain has a consensus price target of $2.23, suggesting a potential downside of 3.74%. Given Argo Blockchain’s higher probable upside, analysts clearly believe Argo Blockchain is more favorable than Magic Empire Global.

Profitability

This table compares Magic Empire Global and Argo Blockchain’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Magic Empire Global N/A N/A N/A
Argo Blockchain N/A N/A N/A

Insider & Institutional Ownership

0.5% of Magic Empire Global shares are held by institutional investors. Comparatively, 1.1% of Argo Blockchain shares are held by institutional investors. 63.0% of Magic Empire Global shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

About Magic Empire Global

(Get Free Report)

Magic Empire Global Limited engages in the provision of corporate finance advisory services and underwriting services in Hong Kong. The company provides initial public offering sponsorship, financial and independent financial advisory, financial advisory, post-listing compliance advisory, and underwriting services to corporations. The company was incorporated in 2016 and is headquartered in Central, Hong Kong.

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.

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