Argo Blockchain (NASDAQ:ARBK - Get Free Report) was downgraded by HC Wainwright from a "buy" rating to a "neutral" rating in a research note issued on Friday, Marketbeat.com reports.
Separately, Canaccord Genuity Group reiterated a "hold" rating and issued a $1.45 price objective on shares of Argo Blockchain in a research note on Thursday, March 28th.
Get Our Latest Stock Report on Argo Blockchain
Argo Blockchain Stock Performance
NASDAQ ARBK remained flat at $1.52 during mid-day trading on Friday. 171,108 shares of the company traded hands, compared to its average volume of 802,691. The firm's fifty day moving average price is $1.82 and its 200 day moving average price is $1.85. Argo Blockchain has a twelve month low of $0.92 and a twelve month high of $4.45.
Hedge Funds Weigh In On Argo Blockchain
A hedge fund recently bought a new stake in Argo Blockchain stock. Chesapeake Capital Corp IL purchased a new position in Argo Blockchain plc (NASDAQ:ARBK - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 35,253 shares of the company's stock, valued at approximately $132,000. Chesapeake Capital Corp IL owned about 0.06% of Argo Blockchain as of its most recent filing with the Securities and Exchange Commission. 2.42% of the stock is currently owned by institutional investors and hedge funds.
About Argo Blockchain
(
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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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