Argo Blockchain (ARB.L) Shares Jump 5.22% Amid Financial Results For The Second Quarter: Should You Invest?

Argo Blockchain shares have made significant changes this year. The company’s shares reached their maximum on February 15, the shares were trading at the price of 282.00 GBP. During its last trading session, the shares rose by 5.22% and were trading at 141.00 GBP. The half-year results for Argo Blockchain were published last week. Revenue reached 31 million pounds, exceeding expectations by 25%. Statutory earnings per share (EPS) was insufficient, with EPS of 0.018 British pounds sterling falling short of forecasts by 10%. According to analysts ‘ forecasts, the authorized earnings per share will grow by another 132% and will amount to 0.052 British pounds. The analysts ‘ consensus forecast for the price remained unchanged at 2.45 British pounds, which means that the business is operating approximately in line with expectations, despite some adjustments to profit and revenue forecasts. From the latest estimates, we see that the growth rate of the Argo blockchain will accelerate significantly, with projected revenue growth of 176% year-on-year by the end of 2021 significantly faster than its historical growth of 132% over the past year.

Lora Nilsson

Finance and Business reporter After graduating high school. Lora decided to travel and blog as a part-timer. Today she enjoys what she loves and works remotely as our finance and business reporter