Several Investment Banks Downgrade Shares of Argo Blockchain

2022/11/01 19:51

According to Coindesk, several investment banks have downgraded their ratings on Argo Blockchain's stock, with investment bank Canaccord Genuity downgrading its rating to Hold from Buy and lowering its price target on the company's American Depositary Shares (ARBK) from Jefferies downgraded Argo from Buy to Hold. Jefferies downgraded Argo to Hold from Buy and cut its price target to $1.10 from $13. Canaccord analyst Joseph Vafi said in a report that it was downgrading Argo shares to Hold. Argo Blockchain previously said a deal to sell a $27 million stake to fund operations had fallen through and that the miner, hit by depressed bitcoin prices and high energy costs due to the absence of a fixed-rate power deal, could soon run into negative cash flow.
bullishbullishbullish1bearishbearishbearishGiảm giáThíchChia sẻ
Tuyên bố miễn trừ trách nhiệm：Nội dung trên không đại diện cho quan điểm của HTX.，HTX không đưa ra bất kỳ lời khuyên giao dịch nào.。

Bài viết liên quan

  • Image

    Tether just pulled $779 mln in Bitcoin – And the supply shock is growing

  • Image

    Bitcoin Records First-Ever Negative Post-Halving Year — Is the 4-Year Cycle Over?

  • Image

    Tether Starts 2026 With an $800M Bitcoin Buy, Quietly Joins Top Holders — Here’s How Much They Hold

Tất cả bình luận0Mới nhấtPhổ biến

Mới nhấtPhổ biến
noContent

Không có hồ sơ

Bài viết liên quan

  • Image

    Tether just pulled $779 mln in Bitcoin – And the supply shock is growing

  • Image

    Bitcoin Records First-Ever Negative Post-Halving Year — Is the 4-Year Cycle Over?

  • Image

    Tether Starts 2026 With an $800M Bitcoin Buy, Quietly Joins Top Holders — Here’s How Much They Hold