Home
News
As per the prediction of research analysts, Argo Block plc is going to declare sales of $ 24.66 million for the ongoing quarter, according to Zacks. Estimates for Argo Blockchain’s earnings are offered by three analysts; $ 28.90 million is given as the highest sales estimate, while the lowest estimate comes at $21.59 million. The company will most probably issue its next earnings report on January 1st.
For the current fiscal year, analysts predict that the full-year sales of Argo Blockchain will be $123.02 million, with estimates ranging from $100.98 million to $152.20 million. At the same time, analysts expect that the company’s post-sales will be $220.40 million, with estimates ranging from $109.99 million to $388.80 million for the next year. The sales averages of Zacks are an average which is based on a survey of sell-side research analysts that cover Argo Blockchain.
Many research reports have made ARBK it’s subject. Their price target on the Argo blockchain has been decreased to $14.00 from $16.00 by HC Wainwright. Besides, a “buy” rating for the company was set in a report on Thursday, May 19th.On March 25th, Friday, Stifel Nicolaus assumed coverage on Argo Blockchain in a research note. An $11.00 price target on the stock and a “hold” rating are issued by them.
Canaccord Genuity Group too reduced its price target on Argo Blockchain to $13.00 from $16.00, and on Friday, May 20th, it set a “buy” rating on the stock in a research note. Barclays, too, decreased their price objective on Argo Blockchain from $22.00 to $15.00 and, on Monday, March 14th, set an “overweight” rating on the stock in a research note. Compass Point is yet another organization to reduce its target price on Argo Blockchain to $25.00, and on Tuesday, May 24th set a “na” rating for the company in a research report.
One investment analyst has assigned a hold rating, one has rated the stock with a sell rating, and seven have issued a buy rating to the stock. The company, as of now, has a consensus price target of $18.78 and an average rating of “Buy”, according to data from MarketBeat(dot)com.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
