Argo Blockchain plc (NASDAQ:ARBK) Given Consensus Rating of “Hold” by Analysts

Argo Blockchain plc (NASDAQ:ARBKGet Rating) has earned an average rating of “Hold” from the eight analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $3.00.

ARBK has been the subject of a number of research analyst reports. Roth Capital upgraded Argo Blockchain from a “sell” rating to a “neutral” rating in a report on Wednesday, January 4th. HC Wainwright lowered shares of Argo Blockchain from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 14th.

Hedge Funds Weigh In On Argo Blockchain

A number of hedge funds have recently modified their holdings of the business. Redwood Wealth Management Group LLC acquired a new position in Argo Blockchain in the fourth quarter valued at $58,000. Jane Street Group LLC bought a new stake in shares of Argo Blockchain during the third quarter worth about $72,000. Virtu Financial LLC bought a new stake in shares of Argo Blockchain during the third quarter worth about $50,000. Van ECK Associates Corp increased its position in shares of Argo Blockchain by 32.1% during the third quarter. Van ECK Associates Corp now owns 518,774 shares of the company’s stock worth $2,007,000 after acquiring an additional 126,130 shares in the last quarter. Finally, State Street Corp bought a new stake in shares of Argo Blockchain during the second quarter worth about $139,000. Institutional investors and hedge funds own 1.81% of the company’s stock.

Argo Blockchain Trading Down 2.5 %

Argo Blockchain stock opened at $1.59 on Thursday. Argo Blockchain has a 52 week low of $0.36 and a 52 week high of $10.75. The stock has a 50-day simple moving average of $1.73 and a 200 day simple moving average of $1.95.

About Argo Blockchain

(Get Rating)

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 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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Analyst Recommendations for Argo Blockchain (NASDAQ:ARBK)

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