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Wall Road brokerages predict that Argo Blockchain plc (NASDAQ:ARBK – Get Rating) will announce $0.43 earnings per share for the present fiscal quarter, in line with Zacks Investment Research. Three analysts have issued estimates for Argo Blockchain’s earnings, with the bottom EPS estimate coming in at $0.36 and the best estimate coming in at $0.48. The corporate is scheduled to report its subsequent quarterly earnings report on Monday, January 1st.
On common, analysts count on that Argo Blockchain will report full 12 months earnings of $1.32 per share for the present monetary 12 months, with EPS estimates starting from $1.15 to $1.62. For the subsequent 12 months, analysts count on that the enterprise will report earnings of $1.76 per share, with EPS estimates starting from $1.48 to $2.07. Zacks’ earnings per share averages are a imply common primarily based on a survey of sell-side analysts that cowl Argo Blockchain.
ARBK has been the topic of a number of current analysis reviews. Compass Level boosted their worth goal on Argo Blockchain from $21.00 to $25.00 and gave the corporate a “purchase” ranking in a analysis report on Tuesday, March eighth. Barclays decreased their goal worth on Argo Blockchain from $22.00 to $15.00 and set an “chubby” ranking for the corporate in a report on Monday, March 14th. Stifel Nicolaus began protection on Argo Blockchain in a report on Friday. They set a “maintain” ranking and a $11.00 goal worth for the corporate. Lastly, Zacks Investment Research downgraded Argo Blockchain from a “maintain” ranking to a “promote” ranking in a report on Wednesday, February ninth. One analyst has rated the inventory with a promote ranking, one has assigned a maintain ranking and 7 have assigned a purchase ranking to the corporate. Based mostly on knowledge from MarketBeat.com, the corporate presently has a consensus ranking of “Purchase” and a mean worth goal of $20.86.
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Quite a few institutional buyers and hedge funds have not too long ago purchased and bought shares of ARBK. Kestra Advisory Companies LLC purchased a brand new place in Argo Blockchain within the fourth quarter price $141,000. Renaissance Applied sciences LLC purchased a brand new place in Argo Blockchain within the fourth quarter price $148,000. Connective Portfolio Administration LLC purchased a brand new place in Argo Blockchain within the fourth quarter price $159,000. Schonfeld Strategic Advisors LLC purchased a brand new place in Argo Blockchain within the third quarter price $287,000. Lastly, Morgan Stanley bought a brand new stake in shares of Argo Blockchain within the third quarter price $421,000. Institutional buyers and hedge funds personal 4.34% of the corporate’s inventory.
Shares of ARBK stock opened at $9.92 on Friday. Argo Blockchain has a fifty-two week low of $7.25 and a fifty-two week excessive of $21.00. The corporate has a 50 day shifting common of $9.38.
About Argo Blockchain (Get Rating)
Argo Blockchain plc, along with its subsidiaries, engages within the bitcoin and different cryptocurrencies mining enterprise worldwide. The corporate was previously generally known as GoSun Blockchain Restricted and altered its identify to Argo Blockchain plc in December 2017. Argo Blockchain plc was integrated in 2017 and is headquartered in London, the UK.
See Additionally
Get a free copy of the Zacks research report on Argo Blockchain (ARBK)
For extra details about analysis choices from Zacks Funding Analysis, go to Zacks.com
This prompt information alert was generated by narrative science know-how and monetary knowledge from MarketBeat so as to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial workforce previous to publication. Please ship any questions or feedback about this story to [email protected]
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