Argo Blockchain (ARBK) to Announce Quarterly Earnings on Wednesday

Argo Blockchain (NASDAQ:ARBK) is expected to announce its resultson Wednesday, September 2nd. Analysts expect Argo Blockchain to post earnings of $61.25 per share and revenue of $35.3040 million for the quarter.

Argo Blockchain Trading Up 1.4%

Shares of NASDAQ:ARBK opened at $2.91 on Tuesday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.14. Argo Blockchain has a 12-month low of $2.63 and a 12-month high of $205.20. The business has a 50 day moving average of $3.09 and a two-hundred day moving average of $3.21. The company has a market capitalization of $38.88 million, a PE ratio of -0.02 and a beta of 1.90.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Argo Blockchain in a report on Friday, August 21st. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Hedge Funds Weigh In On Argo Blockchain

A hedge fund recently bought a new stake in Argo Blockchain stock. Armistice Capital LLC bought a new stake in Argo Blockchain PLC Sponsored ADR (NASDAQ:ARBK) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,435,969 shares of the company’s stock, valued at approximately $830,000. Armistice Capital LLC owned 6.17% of Argo Blockchain as of its most recent SEC filing. 2.42% of the stock is owned by hedge funds and other institutional investors.

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.