Argo Blockchain (ARBK) to Release Earnings on Tuesday

Argo Blockchain (NASDAQ:ARBK) is scheduled to be releasing its earnings data before the market opens on Tuesday, November 14th. Analysts expect Argo Blockchain to post earnings of ($0.14) per share for the quarter.

Argo Blockchain (NASDAQ:ARBK) last released its quarterly earnings results on Tuesday, August 29th. The company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.04. The firm had revenue of $12.56 million during the quarter, compared to the consensus estimate of $12.51 million. On average, analysts expect Argo Blockchain to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Argo Blockchain Stock Performance

NASDAQ:ARBK opened at $1.15 on Friday. Argo Blockchain has a 12 month low of $0.36 and a 12 month high of $3.20. The company has a debt-to-equity ratio of 11.53, a current ratio of 0.49 and a quick ratio of 0.99. The company’s 50 day moving average is $1.09 and its 200-day moving average is $1.28.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ARBK. HC Wainwright reissued a “buy” rating and issued a $2.50 price target on shares of Argo Blockchain in a research report on Wednesday, August 30th. Compass Point dropped their target price on shares of Argo Blockchain from $3.75 to $2.75 and set a “buy” rating on the stock in a research report on Wednesday, August 30th.

Hedge Funds Weigh In On Argo Blockchain

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC bought a new position in Argo Blockchain during the third quarter worth $72,000. XTX Topco Ltd bought a new stake in Argo Blockchain in the 1st quarter valued at $51,000. State Street Corp bought a new stake in Argo Blockchain in the 2nd quarter valued at $139,000. Harvest Portfolios Group Inc. increased its holdings in Argo Blockchain by 49.5% in the 1st quarter. Harvest Portfolios Group Inc. now owns 40,649 shares of the company’s stock valued at $68,000 after buying an additional 13,467 shares during the period. Finally, First Trust Advisors LP increased its holdings in Argo Blockchain by 47.1% in the 1st quarter. First Trust Advisors LP now owns 56,724 shares of the company’s stock valued at $559,000 after buying an additional 18,175 shares during the period. Institutional investors own 1.13% of the company’s stock.

Argo Blockchain Company Profile

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.