Argo Blockchain’s (ARBK) “Sell (E+)” Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their sell (e+) rating on shares of Argo Blockchain (NASDAQ:ARBKFree Report) in a research note issued to investors on Friday morning,Weiss Ratings reports.

Several other brokerages also recently commented on ARBK. Wall Street Zen upgraded shares of Argo Blockchain to a “sell” rating in a research report on Saturday, October 11th. HC Wainwright restated a “neutral” rating on shares of Argo Blockchain in a research report on Friday, October 3rd. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Argo Blockchain presently has a consensus rating of “Sell”.

View Our Latest Research Report on Argo Blockchain

Argo Blockchain Price Performance

ARBK stock opened at $0.47 on Friday. Argo Blockchain has a 12 month low of $0.15 and a 12 month high of $1.55. The firm has a market cap of $33.72 million, a PE ratio of -0.48 and a beta of 1.75. The firm has a 50 day simple moving average of $0.37 and a 200 day simple moving average of $0.36.

Institutional Investors Weigh In On Argo Blockchain

An institutional investor recently bought a new position in Argo Blockchain stock. Armistice Capital LLC bought a new position in Argo Blockchain PLC Sponsored ADR (NASDAQ:ARBKFree Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,435,969 shares of the company’s stock, valued at approximately $830,000. Armistice Capital LLC owned approximately 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

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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 complex cryptographic algorithms. The company was formerly known as GoSun Blockchain Limited and changed its name to Argo Blockchain plc in December 2017.

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