Argo Blockchain plc (NASDAQ:ARBK – Get Rating) has been assigned a consensus recommendation of “Buy” from the ten brokerages that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $19.88.
A number of equities research analysts recently commented on the stock. Stifel Nicolaus assumed coverage on shares of Argo Blockchain in a report on Friday, March 25th. They issued a “hold” rating and a $11.00 price target on the stock. Barclays lowered their target price on shares of Argo Blockchain from $22.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, March 14th. HC Wainwright lowered their target price on shares of Argo Blockchain from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday. Zacks Investment Research cut shares of Argo Blockchain from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th. Finally, Canaccord Genuity Group lowered their target price on shares of Argo Blockchain from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Friday.
Shares of NASDAQ:ARBK traded down $0.63 during mid-day trading on Friday, reaching $5.80. The company had a trading volume of 2,344 shares, compared to its average volume of 138,161. The company has a current ratio of 2.85, a quick ratio of 2.85 and a debt-to-equity ratio of 0.15. The company’s 50-day moving average price is $8.30 and its 200-day moving average price is $11.20. Argo Blockchain has a one year low of $5.39 and a one year high of $21.00.
Argo Blockchain Company Profile (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.
- Get a free copy of the StockNews.com research report on Argo Blockchain (ARBK)
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