Stocks of Argo Blockchain plc (NASDAQ: ARBK ―――― Get a rating) A consensus rating of “purchase” is given by 10 rating companies that cover the company. Market beat Report. Two research analysts evaluated the shares on hold ratings and eight issued biratings to the company. The average annual target price of a securities firm that issued a report on stocks last year is $ 19.88.
Several analysts have published reports about the company. HC Wainwright has lowered the Argo Blockchain target price from $ 16.00 to $ 14.00 and set a “buy” valuation for the stock in Thursday’s research note. The Canaccord Genuity Group has lowered the Argo Blockchain target price from $ 16.00 to $ 13.00 and set a “buy” valuation for the stock in a research note on Friday. Zacks Investment Research In a research report on Wednesday, May 4, Argo Blockchain was downgraded from a “buy” rating to a “pending” rating. Compass Point has raised its Argo Blockchain target price from $ 21.00 to $ 25.00, giving the company a “buy” rating in a research report on Tuesday, March 8. Finally, Stifel Nicolaus began covering Argo Blockchain in a research report on Friday, March 25th. They issued a “hold” valuation and a target price of $ 11.00 on the shares.
Recently, several hedge funds have changed their holdings in ARBK. Alliancebernstein LP acquired a new stake in ArgoBlockchain for $ 1,354,000 in the third quarter. Caas Capital Management LP purchased a new position worth $ 6,400,000 in Argo Blockchain shares in the third quarter. Morgan Stanley bought a new position in Argo Blockchain shares worth $ 421,000 in the third quarter. Tudor Investment Corp Et Al bought a new $ 800,000 worth of shares in Argo Blockchain in the third quarter. Finally, Third Point LLC purchased a new position in Argo Blockchain shares worth $ 1,600,000 in the third quarter. Currently, 1.57% of the shares are owned by hedge funds and other institutional investors.
NASDAQ: ARBK It fell $ 0.63 on Friday to reach $ 5.80. The trading volume of the company’s stock was 2,344, compared to an average of 138,161. The company’s debt-to-capital ratio is 0.15, its current ratio is 2.85, and its quick ratio is 2.85. The 50-day moving average for stocks is $ 8.30 and the 200-day moving average is $ 11.20. The minimum annual price for ArgoBlockchain is $ 5.39 and the maximum annual price is $ 21.00.
ArgoBlockchain Company Profile ((((Get a rating).
Argo Blockchain plc, along with its subsidiaries, is engaged in the Bitcoin and other cryptocurrency mining businesses around the world. The company was formerly known as GoSun Blockchain Limited and changed its name to Argo Blockchain plc in December 2017. ArgoBlockchainplc was founded in 2017 and is headquartered in London, England.
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