Wall Street brokerages predict that Argo Blockchain plc (NASDAQ:ARBK – Get Rating) will post earnings per share (EPS) of $0.15 for the current quarter, according to Zacks. Two analysts have provided estimates for Argo Blockchain’s earnings. The lowest EPS estimate is $0.03 and the highest is $0.34. The company is scheduled to announce its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Argo Blockchain will report full-year earnings of $1.52 per share for the current financial year, with EPS estimates ranging from $0.94 to $2.07. For the next year, analysts expect that the business will post earnings of $2.27 per share, with EPS estimates ranging from $0.76 to $4.89. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Argo Blockchain.
A number of equities analysts have commented on ARBK shares. Compass Point raised their price objective on Argo Blockchain from $21.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, March 8th. Canaccord Genuity Group lowered their price objective on Argo Blockchain from $24.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, April 29th. Stifel Nicolaus started coverage on Argo Blockchain in a research note on Friday, March 25th. They set a “hold” rating and a $11.00 price objective on the stock. Zacks Investment Research lowered Argo Blockchain from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Barclays lowered their price objective on Argo Blockchain from $22.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, March 14th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $19.75.
Several hedge funds have recently modified their holdings of ARBK. Kestra Advisory Services LLC acquired a new stake in shares of Argo Blockchain during the 4th quarter valued at $141,000. Renaissance Technologies LLC acquired a new stake in shares of Argo Blockchain during the 4th quarter valued at $148,000. Connective Portfolio Management LLC acquired a new stake in shares of Argo Blockchain during the 4th quarter valued at $159,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Argo Blockchain during the 3rd quarter valued at $287,000. Finally, Morgan Stanley acquired a new stake in shares of Argo Blockchain during the 3rd quarter valued at $421,000. 1.57% of the stock is currently owned by hedge funds and other institutional investors.
Argo Blockchain stock traded down $0.15 during mid-day trading on Friday, reaching $7.54. 123,063 shares of the company were exchanged, compared to its average volume of 110,311. The company has a fifty day simple moving average of $8.71 and a 200-day simple moving average of $11.77. Argo Blockchain has a 12 month low of $7.15 and a 12 month high of $21.00.
About Argo Blockchain (Get Rating)
Argo Blockchain plc, together with its subsidiaries, engages in the bitcoin and other cryptocurrencies mining business worldwide. The company was formerly known as GoSun Blockchain Limited and changed its name to Argo Blockchain plc in December 2017. Argo Blockchain plc was incorporated in 2017 and is headquartered in London, the United Kingdom.
Featured Stories
Get a free copy of the Zacks research report on Argo Blockchain (ARBK)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Argo Blockchain Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Argo Blockchain and related companies with MarketBeat.com’s FREE daily email newsletter.