ARBK has been the topic of a number of recent research reports. Canaccord Genuity Group lowered their price objective on Argo Blockchain from $16.00 to $13.00 and set a \u201cbuy\u201d rating on the stock in a research note on Friday, May 20th. Stifel Nicolaus started coverage on Argo Blockchain in a research note on Friday, March 25th. They issued a \u201chold\u201d rating and a $11.00 price target on the stock. Barclays decreased their price target on Argo Blockchain from $15.00 to $7.00 and set an \u201coverweight\u201d rating on the stock in a research note on Friday. Compass Point cut their price objective on Argo Blockchain from $25.00 to $12.00 in a report on Tuesday, June 28th. Finally, HC Wainwright cut their target price on Argo Blockchain from $16.00 to $14.00 and set a \u201cbuy\u201d rating on the stock in a report on Thursday, May 19th.<\/p>\n A number of institutional investors and hedge funds have recently modified their holdings of ARBK. Scotia Capital Inc. purchased a new position in shares of Argo Blockchain in the 1st quarter worth approximately $107,000. Kestra Advisory Services LLC purchased a new position in shares of Argo Blockchain in the 4th quarter worth approximately $141,000. Connective Portfolio Management LLC purchased a new position in shares of Argo Blockchain in the 4th quarter worth approximately $159,000. First Trust Advisors LP purchased a new position in shares of Argo Blockchain in the 4th quarter worth approximately $469,000. Finally, Vident Investment Advisory LLC purchased a new position in Argo Blockchain in the first quarter valued at approximately $657,000. 1.57% of the stock is owned by hedge funds and other institutional investors. <\/p>\n<\/p>\n Argo Blockchain stock<\/a> opened at $4.25 on Friday. The stock\u2019s fifty day moving average price is $5.55 and its two-hundred day moving average price is $8.27. Argo Blockchain has a one year low of $3.71 and a one year high of $21.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.39 and a current ratio of 2.39. <\/p>\n About Argo Blockchain<\/strong> (Get Rating<\/a>)<\/p>\n 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 cryptographic algorithms. The company was formerly known as GoSun Blockchain Limited and changed its name to Argo Blockchain plc in December 2017.<\/p>\n Read More<\/strong><\/p>\n \t\t\t \t \t\t\t\t<\/p>\n <\/p>\n Receive News & Ratings for Argo Blockchain Daily<\/strong> – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Argo Blockchain and related companies with MarketBeat.com’s FREE daily email newsletter<\/a>.<\/p>\n <\/p><\/div>\n![\"Argo](\"https:\/\/www.americanbankingnews.com\/wp-content\/timthumb\/timthumb.php?w=250&h=150&zc=2&src=https:\/\/www.marketbeat.com\/logos\/argo-blockchain-plc-logo.jpg?v=20211018075619\" "\\"Argo"){kind=logo}
Argo Blockchain plc (NASDAQ:ARBK<\/a> \u2013 Get Rating<\/a>) has earned a consensus recommendation of \u201cModerate Buy\u201d from the nine ratings firms that are covering the stock, MarketBeat.com<\/a> reports. One analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $17.25. <\/p>\n<\/p>\n
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