Argo Blockchain Receives Neutral Rating from HC Wainwright

HC Wainwright, a financial services firm, has maintained its neutral rating on shares of Argo Blockchain, a company engaged in cryptocurrency mining. The firm’s decision comes after Argo Blockchain reported a quarterly loss that missed analysts’ expectations. The company’s revenue also fell short of estimates. Argo Blockchain’s stock opened at $1.28 on Thursday. The company’s financial health is characterized by a quick ratio and current ratio of 0.65, and a debt-to-equity ratio of 5.06. Analysts anticipate that Argo Blockchain will post a loss of -0.46 earnings per share for the current fiscal year.