Argo Blockchain (NASDAQ:ARBK – Get Free Report) is expected to release its resultson Wednesday, September 2nd. Analysts expect the company to announce earnings of $61.25 per share and revenue of $35.3040 million for the quarter.
Argo Blockchain Stock Performance
Argo Blockchain stock opened at $2.87 on Monday. The stock has a fifty day moving average price of $3.11 and a 200 day moving average price of $3.22. Argo Blockchain has a 52 week low of $2.63 and a 52 week high of $205.20. The firm has a market capitalization of $38.34 million, a P/E ratio of -0.02 and a beta of 1.90. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.14.
Hedge Funds Weigh In On Argo Blockchain
An institutional investor recently bought a new stake in Argo Blockchain stock. Armistice Capital LLC purchased a new stake in Argo Blockchain PLC Sponsored ADR (NASDAQ:ARBK – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,435,969 shares of the company’s stock, valued at approximately $830,000. Armistice Capital LLC owned about 6.17% of Argo Blockchain as of its most recent filing with the Securities and Exchange Commission (SEC). 2.42% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Argo Blockchain Company Profile
Argo Blockchain Plc is a publicly traded blockchain technology company focused on large-scale cryptocurrency mining. The company’s principal business activities involve the deployment and operation of high-performance data centers that house specialized hardware for mining Bitcoin and other digital assets. Through advanced infrastructure design and a commitment to operational efficiency, Argo seeks to optimize hash rates and energy consumption to maximize yields for its shareholders.
Founded in 2017 and headquartered in London, Argo Blockchain initially listed on the London AIM market before securing a secondary listing on the Nasdaq under the ticker ARBK.
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