Argo Blockchain plc (NASDAQ:ARBK - Free Report) - Investment analysts at HC Wainwright upped their FY2024 earnings per share estimates for shares of Argo Blockchain in a research note issued on Thursday, November 21st. HC Wainwright analyst K. Dede now anticipates that the company will post earnings per share of ($0.78) for the year, up from their previous estimate of ($0.87). HC Wainwright has a "Neutral" rating on the stock. The consensus estimate for Argo Blockchain's current full-year earnings is ($0.69) per share. HC Wainwright also issued estimates for Argo Blockchain's Q4 2024 earnings at ($0.14) EPS and FY2025 earnings at ($0.44) EPS.
Argo Blockchain (NASDAQ:ARBK - Get Free Report) last posted its quarterly earnings data on Wednesday, August 28th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.12). Argo Blockchain had a negative return on equity of 4,172.69% and a negative net margin of 92.08%. The company had revenue of $12.42 million during the quarter, compared to the consensus estimate of $13.40 million.
Argo Blockchain Stock Down 3.4 %
Shares of NASDAQ ARBK traded down $0.04 during midday trading on Monday, reaching $1.13. 1,091,931 shares of the company's stock traded hands, compared to its average volume of 641,408. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 5.06. The company has a market cap of $71.90 million, a price-to-earnings ratio of -1.57 and a beta of 1.88. The stock's 50 day simple moving average is $1.18 and its 200-day simple moving average is $1.26. Argo Blockchain has a one year low of $1.02 and a one year high of $4.45.
Institutional Trading of Argo Blockchain
Institutional investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC acquired a new stake in shares of Argo Blockchain in the second quarter valued at about $49,000. XTX Topco Ltd bought a new stake in Argo Blockchain in the second quarter valued at about $28,000. Jane Street Group LLC boosted its stake in Argo Blockchain by 488.7% in the third quarter. Jane Street Group LLC now owns 976,414 shares of the company's stock valued at $1,181,000 after acquiring an additional 810,559 shares during the period. Finally, Virtu Financial LLC bought a new position in Argo Blockchain in the 3rd quarter worth about $28,000. Hedge funds and other institutional investors own 2.42% of the company's stock.
About Argo Blockchain
(
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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.
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