Somewhat Favorable News Coverage Somewhat Unlikely to Affect Riot Blockchain (NASDAQ:RIOT) Share Price

Headlines about Riot Blockchain (NASDAQ:RIOT) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Riot Blockchain earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 44.3354362097589 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the headlines that may have impacted Accern’s analysis:

Riot Blockchain (NASDAQ:RIOT) traded down $0.78 during trading hours on Friday, hitting $17.13. The company had a trading volume of 1,056,166 shares, compared to its average volume of 8,340,000. Riot Blockchain has a fifty-two week low of $3.05 and a fifty-two week high of $46.20. The firm has a market cap of $158.27, a price-to-earnings ratio of -8.92 and a beta of 2.99.

Riot Blockchain (NASDAQ:RIOT) last released its quarterly earnings results on Monday, November 13th. The technology company reported ($0.99) earnings per share for the quarter. Riot Blockchain had a negative net margin of 11,828.57% and a negative return on equity of 82.70%.

Separately, BidaskClub lowered Riot Blockchain from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 30th.

In related news, CEO John R. O’rourke III sold 30,383 shares of the stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $28.61, for a total value of $869,257.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.40% of the stock is currently owned by corporate insiders.

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About Riot Blockchain

Riot Blockchain Inc, formerly Bioptix, Inc, intends to gain exposure to the block chain ecosystem through targeted investments in the sector, with a primary focus on the bitcoin and Ethereum blockchains. The Company also provides Enhanced Surface Plasmon Resonance (SPR) platform for the detection of molecular interactions.

Insider Buying and Selling by Quarter for Riot Blockchain (NASDAQ:RIOT)

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