HC Wainwright reissued their neutral rating on shares of Argo Blockchain (NASDAQ:ARBK – Free Report) in a research note released on Thursday morning, Benzinga reports.
Argo Blockchain Stock Down 2.3 %
ARBK stock opened at $1.25 on Thursday. The stock has a market capitalization of $72.20 million, a P/E 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 0.65 and a quick ratio of 0.65. Argo Blockchain has a 1-year low of $0.94 and a 1-year high of $4.45. The business has a fifty day moving average price of $1.31 and a 200-day moving average price of $1.53.
Argo Blockchain (NASDAQ:ARBK – Get Free Report) last announced its quarterly earnings results on Wednesday, August 28th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.12). The company had revenue of $12.42 million during the quarter, compared to the consensus estimate of $13.40 million. Argo Blockchain had a negative return on equity of 4,172.69% and a negative net margin of 54.06%. Equities analysts forecast that Argo Blockchain will post -0.46 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
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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