Wall Road brokerages anticipate Argo Blockchain Plc (NASDAQ:ARBK – Get Rating) to report earnings per share (EPS) of $0.43 for the present quarter, in accordance with Zacks. Three analysts have issued estimates for Argo Blockchain’s earnings, with estimates starting from $0.36 to $0.48. The corporate is predicted to announce its subsequent earnings report on Wednesday, April twenty seventh.
On common, analysts anticipate that Argo Blockchain will report full yr earnings of $1.32 per share for the present fiscal yr, with EPS estimates starting from $1.15 to $1.62. For the following monetary yr, analysts anticipate that the corporate will put up earnings of $1.74 per share, with EPS estimates starting from $1.48 to $2.07. Zacks Funding Analysis’s earnings per share averages are a mean primarily based on a survey of sell-side analysis analysts that that present protection for Argo Blockchain.
Individually, Zacks Investment Research lower shares of Argo Blockchain from a “maintain” ranking to a “promote” ranking in a analysis word on Wednesday, February ninth. One analyst has rated the inventory with a promote ranking and 7 have assigned a purchase ranking to the inventory. Based mostly on information from MarketBeat.com, the inventory presently has a consensus ranking of “Purchase” and a mean value goal of $23.00.
A number of hedge funds have just lately made adjustments to their positions in ARBK. Caas Capital Administration LP purchased a brand new stake in shares of Argo Blockchain within the third quarter price about $6,400,000. MMCAP Worldwide Inc. SPC purchased a brand new stake in shares of Argo Blockchain within the third quarter price about $5,200,000. Millennium Administration LLC purchased a brand new stake in Argo Blockchain throughout the third quarter price about $3,340,000. Instructor Retirement System of Texas purchased a brand new stake in Argo Blockchain throughout the third quarter price about $3,200,000. Lastly, Van ECK Associates Corp purchased a brand new stake in Argo Blockchain throughout the 4th quarter price about $2,291,000. Institutional traders personal 4.34% of the corporate’s inventory.
ARBK stock traded down $0.20 throughout buying and selling hours on Friday, hitting $8.01. The corporate’s inventory had a buying and selling quantity of 346,284 shares, in comparison with its common quantity of 198,248. Argo Blockchain has a 12 month low of $7.51 and a 12 month excessive of $21.00. The inventory has a 50 day shifting common of $10.44.
About Argo Blockchain (Get Rating)
Argo Blockchain Plc supplies sustainable blockchain infrastructure and cryptocurrency mining. Argo Blockchain Plc is headquartered in London, UK.
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