How Does Argo Blockchain ADR (ARBK) Stock Rank on Wall Street Tuesday?

Wall Street is positive on Argo Blockchain ADR (ARBK). On average, analysts give ARBK a Strong Buy rating. The average price target is $23.142, which means analysts expect the stock to add by 126.22% over the next twelve months. That average ranking earns ARBK an Analyst Rating of 73, which is better than 73% of stocks based on data compiled by InvestorsObserver.

Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Argo Blockchain ADR Stock Today?

Argo Blockchain ADR (ARBK) stock is trading at $10.23 as of 9:46 AM on Tuesday, Feb 15, a gain of $0.85, or 9.06% from the previous closing price of $9.38. The stock has traded between $9.76 and $10.25 so far today. Volume today is light. So far 19,277 shares have traded compared to average volume of 258,774 shares.