Wall Avenue brokerages predict that Argo Blockchain plc (NASDAQ:ARBK – Get Rating) will put up earnings per share (EPS) of $0.15 for the present quarter, in accordance with Zacks. Two analysts have offered estimates for Argo Blockchain’s earnings. The bottom EPS estimate is $0.03 and the best is $0.34. The corporate is scheduled to announce its subsequent quarterly earnings outcomes on Monday, January 1st.
On common, analysts anticipate that Argo Blockchain will report full-year earnings of $1.52 per share for the present monetary 12 months, with EPS estimates starting from $0.94 to $2.07. For the subsequent 12 months, analysts anticipate that the enterprise will put up earnings of $2.27 per share, with EPS estimates starting from $0.76 to $4.89. Zacks’ EPS averages are a imply common primarily based on a survey of analysis analysts that that present protection for Argo Blockchain.
Various equities analysts have commented on ARBK shares. Compass Level raised their worth goal on Argo Blockchain from $21.00 to $25.00 and gave the inventory a “purchase” score in a analysis word on Tuesday, March eighth. Canaccord Genuity Group lowered their worth goal on Argo Blockchain from $24.00 to $16.00 and set a “purchase” score on the inventory in a analysis word on Friday, April twenty ninth. Stifel Nicolaus began protection on Argo Blockchain in a analysis word on Friday, March twenty fifth. They set a “maintain” score and a $11.00 worth goal on the inventory. Zacks Investment Research lowered Argo Blockchain from a “purchase” score to a “maintain” score in a analysis word on Wednesday. Lastly, Barclays lowered their worth goal on Argo Blockchain from $22.00 to $15.00 and set an “obese” score on the inventory in a analysis word on Monday, March 14th. Two analysis analysts have rated the inventory with a maintain score and eight have given a purchase score to the corporate’s inventory. Primarily based on knowledge from MarketBeat, the corporate presently has a consensus score of “Purchase” and a median worth goal of $19.75.
A number of hedge funds have lately modified their holdings of ARBK. Kestra Advisory Companies LLC acquired a brand new stake in shares of Argo Blockchain throughout the 4th quarter valued at $141,000. Renaissance Applied sciences LLC acquired a brand new stake in shares of Argo Blockchain throughout the 4th quarter valued at $148,000. Connective Portfolio Administration LLC acquired a brand new stake in shares of Argo Blockchain throughout the 4th quarter valued at $159,000. Schonfeld Strategic Advisors LLC acquired a brand new stake in shares of Argo Blockchain throughout the third quarter valued at $287,000. Lastly, Morgan Stanley acquired a brand new stake in shares of Argo Blockchain throughout the third quarter valued at $421,000. 1.57% of the inventory is at present owned by hedge funds and different institutional buyers.
Argo Blockchain stock traded down $0.15 throughout mid-day buying and selling on Friday, reaching $7.54. 123,063 shares of the corporate had been exchanged, in comparison with its common quantity of 110,311. The corporate has a fifty day easy transferring common of $8.71 and a 200-day easy transferring common of $11.77. Argo Blockchain has a 12 month low of $7.15 and a 12 month excessive of $21.00.
About Argo Blockchain (Get Rating)
Argo Blockchain plc, along with its subsidiaries, engages within the bitcoin and different cryptocurrencies mining enterprise worldwide. The corporate was previously referred to as GoSun Blockchain Restricted and altered its title to Argo Blockchain plc in December 2017. Argo Blockchain plc was included in 2017 and is headquartered in London, the UK.
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