In yesterday’s Wall Street session, Argo Blockchain Plc ADR (NASDAQ:ARBK) shares traded at $1.25, down -3.85% from the previous session.
ARBK stock price is now -12.25% away from the 50-day moving average and -24.14% away from the 200-day moving average. The market capitalization of the company currently stands at $72.30M.
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On October 10, 2022, Barclays Downgraded its previous ‘Overweight’ rating to ‘Equal Weight’ on the stock reducing its target price from $7 to quote $3, while ‘Stifel’ rates the stock as ‘Hold’
During the past 12 months, Argo Blockchain Plc ADR has had a low of $0.94 and a high of $4.45. As of last week, the company has a debt-to-equity ratio of 6.70, a current ratio of 0.65, and a quick ratio of 0.65. The fifty day moving average price for ARBK is $1.41666 and a two-hundred day moving average price translates $1.648275 for the stock.
The latest earnings results from Argo Blockchain Plc ADR (NASDAQ: ARBK) was released for 2024-03-31. The net profit margin was -46.69% and return on equity was -446.50% for ARBK. The company reported revenue of $16.84 million for the quarter, compared to $11.26 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 49.5 percent.
