Catalina Capital Group LLC Purchases New Position in Argo Blockchain plc (NASDAQ:ARBK)

Catalina Capital Group LLC purchased a new stake in shares of Argo Blockchain plc (NASDAQ:ARBKFree Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 12,700 shares of the company’s stock, valued at approximately $28,000.

Separately, Chesapeake Capital Corp IL purchased a new position in Argo Blockchain during the 4th quarter valued at about $132,000. 2.42% of the stock is owned by institutional investors and hedge funds.

Argo Blockchain Stock Performance

Shares of ARBK remained flat at $1.11 during mid-day trading on Wednesday. The stock had a trading volume of 345,070 shares, compared to its average volume of 605,468. The company has a debt-to-equity ratio of 5.06, a current ratio of 0.65 and a quick ratio of 0.65. The stock’s 50 day moving average is $1.32 and its 200-day moving average is $1.84. Argo Blockchain plc has a 12-month low of $0.94 and a 12-month high of $4.45. The stock has a market capitalization of $64.11 million, a P/E ratio of -2.36 and a beta of 1.90.

Argo Blockchain (NASDAQ:ARBKGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The company reported ($0.02) EPS for the quarter. Argo Blockchain had a negative return on equity of 4,172.69% and a negative net margin of 54.06%. The company had revenue of $16.16 million during the quarter. As a group, research analysts forecast that Argo Blockchain plc will post -0.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Canaccord Genuity Group reiterated a “hold” rating and set a $1.45 target price on shares of Argo Blockchain in a report on Thursday, March 28th. HC Wainwright reiterated a “neutral” rating on shares of Argo Blockchain in a report on Friday, May 24th.

Get Our Latest Research Report on ARBK

About Argo Blockchain

(Free Report)

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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