Riot Blockchain Inc. [NASDAQ: RIOT] closed the trading session at $43.74 on 02/26/21. The day’s price range saw the stock hit a low of $40.55, while the highest price level was $47.75. The company report on February 11, 2021 that Riot Blockchain Achieves Milestone of 1 EH/s in Hash Rate Capacity with Receipt and Deployment of 2,002 S19 Pro Antminers.
Riot Blockchain, Inc. (NASDAQ: RIOT) (“Riot”, “Riot Blockchain” or the “Company”), one of the few NASDAQ-listed bitcoin mining companies in the United States, announced that it will achieve an estimated hash rate capacity of 1.06 Exahash per second (“EH/s”) with the deployment of the newly received 2,002 S19 Pro Antminers.
“Exceeding 1 EH/s in hash rate capacity marks a major milestone for the Company,” said Jason Les, CEO of Riot. “While we are proud of this accomplishment, we view it as the successful completion of just one of many steps of our ongoing growth plan. Riot continues to receive and deploy next-generation miners from Bitmain and remains on schedule to more than triple our currently deployed capacity by the fourth quarter of 2021.”.
The stocks have a year to date performance of 157.45 percent and weekly performance of -38.68 percent. The stock has been moved at 1182.70 percent over the last six months. The stock has performed 143.95 percent around the most recent 30 days and changed 542.29 percent over the most recent 3-months.
If compared to the average trading volume of 33.52M shares, RIOT reached to a volume of 23843624 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Riot Blockchain Inc. [RIOT]:
The Average True Range (ATR) for Riot Blockchain Inc. is set at 8.98, with the Price to Sales ratio for RIOT stock in the period of the last 12 months amounting to 385.51. The Price to Book ratio for the last quarter was 32.40, with the Price to Cash per share for the same quarter was set at 0.55.
RIOT stock trade performance evaluation
Riot Blockchain Inc. [RIOT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -38.68. With this latest performance, RIOT shares gained by 143.95% in over the last four-week period, additionally plugging by 1182.70% over the last 6 months – not to mention a rise of 3456.10% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RIOT stock in for the last two-week period is set at 51.65, with the RSI for the last a single of trading hit 47.17, and the three-weeks RSI is set at 54.12 for Riot Blockchain Inc. [RIOT]. The present Moving Average for the last 50 days of trading for this stock 28.24, while it was recorded at 51.05 for the last single week of trading, and 9.75 for the last 200 days.
Riot Blockchain Inc. [RIOT]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Riot Blockchain Inc. [RIOT] shares currently have an operating margin of -124.88 and a Gross Margin at +9.08. Riot Blockchain Inc.’s Net Margin is presently recorded at -293.10.
Return on Total Capital for RIOT is now -52.08, given the latest momentum, and Return on Invested Capital for the company is -118.84. Return on Equity for this stock declined to -125.13, with Return on Assets sitting at -90.59. When it comes to the capital structure of this company, Riot Blockchain Inc. [RIOT] has a Total Debt to Total Equity ratio set at 1.40. Additionally, RIOT Total Debt to Total Capital is recorded at 1.38, with Total Debt to Total Assets ending up at 1.21.
Reflecting on the efficiency of the workforce at the company, Riot Blockchain Inc. [RIOT] managed to generate an average of -$3,339,833 per employee.Riot Blockchain Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 32.20 and a Current Ratio set at 32.20.
Earnings per share (EPS) analysis for Riot Blockchain Inc. [RIOT] stock
With the latest financial reports released by the company, Riot Blockchain Inc. posted -0.06/share EPS, while the average EPS was predicted by analysts to be reported at -0.11/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 45.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RIOT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Riot Blockchain Inc. go to 20.00%.
Riot Blockchain Inc. [RIOT]: Insider Ownership positions
There are presently around $696 million, or 23.70% of RIOT stock, in the hands of institutional investors. The top three institutional holders of RIOT stocks are: SUSQUEHANNA INTERNATIONAL GROUP, LLP with ownership of 3,240,635, which is approximately 331.709% of the company’s market cap and around 1.60% of the total institutional ownership; VANGUARD GROUP INC, holding 2,659,532 shares of the stock with an approximate value of $116.33 million in RIOT stocks shares; and GROUP ONE TRADING, L.P., currently with $77.09 million in RIOT stock with ownership of nearly New of the company’s market capitalization.
Positions in Riot Blockchain Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 78 institutional holders increased their position in Riot Blockchain Inc. [NASDAQ:RIOT] by around 10,740,156 shares. Additionally, 17 investors decreased positions by around 916,888 shares, while 8 investors held positions by with 4,250,969 shares. The mentioned changes placed institutional holdings at 15,908,013 shares, according to the latest SEC report filing. RIOT stock had 56 new institutional investments in for a total of 5,827,780 shares, while 8 institutional investors sold positions of 559,924 shares during the same period.