HC Wainwright reissued their neutral rating on shares of Argo Blockchain (NASDAQ:ARBK – Free Report) in a report released on Thursday, Benzinga reports.
Argo Blockchain Trading Down 2.3 %
Shares of ARBK stock opened at $1.25 on Thursday. The stock has a 50 day simple moving average of $1.31 and a 200-day simple moving average of $1.52. Argo Blockchain has a 1-year low of $0.94 and a 1-year high of $4.45. The company has a market cap of $72.20 million, a price-to-earnings ratio of -2.66 and a beta of 1.90. The company has a debt-to-equity ratio of 5.06, a current ratio of 0.43 and a quick ratio of 0.65.
Argo Blockchain (NASDAQ:ARBK – Get Free Report) last posted 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). Argo Blockchain had a negative net margin of 93.70% and a negative return on equity of 2,012.61%. The company had revenue of $12.42 million for the quarter, compared to analysts’ expectations of $13.40 million. On average, equities research analysts expect that Argo Blockchain will post -0.46 EPS for the current fiscal year.
Institutional Investors Weigh In On Argo Blockchain
About Argo Blockchain
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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