Shares of Riot Blockchain Inc (NASDAQ:RIOT) have received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokers have set a 12-month consensus price objective of $4.00 for the company and are expecting that the company will post ($0.40) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Riot Blockchain an industry rank of 91 out of 256 based on the ratings given to related companies.
A number of research firms have recently commented on RIOT. HC Wainwright cut their target price on Riot Blockchain from $10.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, October 4th. Zacks Investment Research raised Riot Blockchain from a “sell” rating to a “hold” rating in a research note on Saturday, November 10th.
NASDAQ RIOT opened at $1.62 on Wednesday. Riot Blockchain has a 12 month low of $1.29 and a 12 month high of $22.08. The firm has a market capitalization of $25.08 million, a PE ratio of -0.60 and a beta of 2.35.
Riot Blockchain (NASDAQ:RIOT) last released its earnings results on Monday, November 19th. The technology company reported ($0.46) EPS for the quarter, topping analysts’ consensus estimates of ($0.61) by $0.15. Riot Blockchain had a negative return on equity of 91.55% and a negative net margin of 882.55%. The firm had revenue of $2.37 million for the quarter, compared to analysts’ expectations of $1.90 million. As a group, equities research analysts anticipate that Riot Blockchain will post -1.83 EPS for the current year.
An institutional investor recently raised its position in Riot Blockchain stock. BlackRock Inc. increased its holdings in shares of Riot Blockchain Inc (NASDAQ:RIOT) by 29.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 159,450 shares of the technology company’s stock after purchasing an additional 35,954 shares during the quarter. BlackRock Inc. owned 1.17% of Riot Blockchain worth $1,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 8.89% of the company’s stock.
Riot Blockchain Company Profile
Riot Blockchain, Inc focuses on building, supporting, and operating blockchain technologies, primarily through its cryptocurrency mining operations and other developed businesses, as well as joint ventures, acquisitions, and targeted investments in the sector. Its primary focus is on Bitcoin and general blockchain technology.
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