Argo Blockchain Plc Expected To Record Sales Of $ 24.66M For The Ongoing Quarter 

Argo Blockchain

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.