Wall Street brokerages predict that Argo Blockchain plc (NASDAQ:ARBK – Get Rating) will submit earnings per share (EPS) of $0.15 for the present quarter, based on Zacks. Two analysts have offered estimates for Argo Blockchain’s earnings. The lowest EPS estimate is $0.03 and the best is $0.34. The firm is scheduled to announce its subsequent quarterly earnings outcomes on Monday, January 1st.
On common, analysts count on 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 following 12 months, analysts count on that the enterprise will submit earnings of $2.27 per share, with EPS estimates starting from $0.76 to $4.89. Zacks’ EPS averages are a imply common based mostly on a survey of analysis analysts that that present protection for Argo Blockchain.
Quite a few equities analysts have commented on ARBK shares. Compass Point raised their worth goal on Argo Blockchain from $21.00 to $25.00 and gave the inventory a “buy” score in a analysis be aware on Tuesday, March eighth. Canaccord Genuity Group lowered their worth goal on Argo Blockchain from $24.00 to $16.00 and set a “buy” score on the inventory in a analysis be aware on Friday, April twenty ninth. Stifel Nicolaus began protection on Argo Blockchain in a analysis be aware on Friday, March twenty fifth. They set a “hold” score and a $11.00 worth goal on the inventory. Zacks Investment Research lowered Argo Blockchain from a “buy” score to a “hold” score in a analysis be aware on Wednesday. Finally, Barclays lowered their worth goal on Argo Blockchain from $22.00 to $15.00 and set an “overweight” score on the inventory in a analysis be aware 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. Based on knowledge from MarketBeat, the corporate presently has a consensus score of “Buy” and a median worth goal of $19.75.
Several hedge funds have just lately modified their holdings of ARBK. Kestra Advisory Services LLC acquired a brand new stake in shares of Argo Blockchain throughout the 4th quarter valued at $141,000. Renaissance Technologies LLC acquired a brand new stake in shares of Argo Blockchain throughout the 4th quarter valued at $148,000. Connective Portfolio Management 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. Finally, 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 the moment owned by hedge funds and different institutional traders.
Argo Blockchain inventory traded down $0.15 throughout mid-day buying and selling on Friday, reaching $7.54. 123,063 shares of the corporate have been exchanged, in comparison with its common quantity of 110,311. The firm 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 firm was previously generally known as GoSun Blockchain Limited and adjusted its title to Argo Blockchain plc in December 2017. Argo Blockchain plc was integrated in 2017 and is headquartered in London, the United Kingdom.
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