Argo Blockchain (NASDAQ:ARBK - Get Free Report)'s stock had its "neutral" rating reissued by stock analysts at HC Wainwright in a research note issued to investors on Thursday,Benzinga reports.
Argo Blockchain Trading Down 0.9 %
ARBK traded down $0.01 during mid-day trading on Thursday, hitting $1.11. The stock had a trading volume of 1,437,987 shares, compared to its average volume of 635,186. The stock's fifty day simple moving average is $1.18 and its 200-day simple moving average is $1.27. The company has a debt-to-equity ratio of 5.06, a current ratio of 0.43 and a quick ratio of 0.65. The firm has a market capitalization of $70.63 million, a price-to-earnings ratio of -1.38 and a beta of 1.88. Argo Blockchain has a 1-year low of $1.02 and a 1-year high of $4.45.
Argo Blockchain (NASDAQ:ARBK - Get Free Report) last issued its quarterly earnings data on Wednesday, August 28th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.12). The business had revenue of $12.42 million during the quarter, compared to analyst estimates of $13.40 million. Argo Blockchain had a negative net margin of 93.70% and a negative return on equity of 4,172.69%. As a group, research analysts forecast that Argo Blockchain will post -0.74 EPS for the current fiscal year.
Hedge Funds Weigh In On Argo Blockchain
A number of large investors have recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in shares of Argo Blockchain in the third quarter valued at about $28,000. XTX Topco Ltd acquired a new position in shares of Argo Blockchain during the 2nd quarter worth approximately $28,000. Cubist Systematic Strategies LLC bought a new stake in shares of Argo Blockchain during the 2nd quarter worth approximately $49,000. Finally, Jane Street Group LLC boosted its holdings in shares of Argo Blockchain by 488.7% in the 3rd quarter. Jane Street Group LLC now owns 976,414 shares of the company's stock valued at $1,181,000 after buying an additional 810,559 shares during the last quarter. Institutional investors and hedge funds own 2.42% of the company's stock.
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.
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