Riot Blockchain Inc. [NASDAQ: RIOT] closed the trading session at $34.92 on 11/26/21. The day’s price range saw the stock hit a low of $34.35, while the highest price level was $36.40. The company report on November 15, 2021 that Riot Blockchain Reports Record Third Quarter 2021 Financial Results, Current Operational and Financial Highlights.
Riot Blockchain, Inc. (NASDAQ: RIOT) (“Riot,” “Riot Blockchain” or “the Company”), an industry leader in Bitcoin (“BTC”) mining and hosting, reported financial results for the three month period ended September 30, 2021. The unaudited financial statements are available on Riot’s website and here.
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“We are extremely pleased to report another quarter of record financial results,” said Jason Les, CEO of Riot. “These results demonstrate the continuous financial and operational improvements that management is focused on delivering for shareholders. Riot’s technology-focused, vertically integrated strategy significantly de-risks the Company’s future growth plans. Additionally, it enhances future capital efficiencies as technological improvements, such as industrial-scale immersion technologies, are systematically incorporated into future hash rate deployments. With these strengths of Riot at play, the future financial opportunities for the Company are exciting.”.
The stocks have a year to date performance of 105.53 percent and weekly performance of 3.84 percent. The stock has been moved at 28.71 percent over the last six months. The stock has performed 31.33 percent around the most recent 30 days and changed -9.46 percent over the most recent 3-months.
If compared to the average trading volume of 13.38M shares, RIOT reached to a volume of 8204746 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]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RIOT shares is $53.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RIOT stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
DA Davidson have made an estimate for Riot Blockchain Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 15, 2021. While these analysts kept the previous recommendation, BTIG Research raised their target price to Buy. The new note on the price target was released on July 30, 2021, representing the official price target for Riot Blockchain Inc. stock. Previously, the target price had yet another raise to $43, while Compass Point analysts kept a Buy rating on RIOT stock.
The Average True Range (ATR) for Riot Blockchain Inc. is set at 3.56, with the Price to Sales ratio for RIOT stock in the period of the last 12 months amounting to 29.49. The Price to Book ratio for the last quarter was 4.35, with the Price to Cash per share for the same quarter was set at 1.61.
RIOT stock trade performance evaluation
Riot Blockchain Inc. [RIOT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.84. With this latest performance, RIOT shares gained by 31.33% in over the last four-week period, additionally plugging by 28.71% over the last 6 months – not to mention a rise of 393.22% 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 51.32, with the RSI for the last a single of trading hit 49.06, and the three-weeks RSI is set at 52.16 for Riot Blockchain Inc. [RIOT]. The present Moving Average for the last 50 days of trading for this stock 30.64, while it was recorded at 35.54 for the last single week of trading, and 36.81 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 -73.79 and a Gross Margin at +11.06. Riot Blockchain Inc.’s Net Margin is presently recorded at -104.91.
Return on Total Capital for RIOT is now -5.87, given the latest momentum, and Return on Invested Capital for the company is -8.36. Return on Equity for this stock declined to -8.36, with Return on Assets sitting at -8.16.
Reflecting on the efficiency of the workforce at the company, Riot Blockchain Inc. [RIOT] managed to generate an average of -$1,584,250 per employee.Riot Blockchain Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 7.00 and a Current Ratio set at 7.00.
Earnings per share (EPS) analysis for Riot Blockchain Inc. [RIOT] stock
With the latest financial reports released by the company, Riot Blockchain Inc. posted -0.04/share EPS, while the average EPS was predicted by analysts to be reported at -0.08/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 50.00%. 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 $1,130 million, or 28.80% of RIOT stock, in the hands of institutional investors. The top three institutional holders of RIOT stocks are: VANGUARD GROUP INC with ownership of 7,976,678, which is approximately 39.223% of the company’s market cap and around 6.50% of the total institutional ownership; BLACKROCK INC., holding 5,411,953 shares of the stock with an approximate value of $188.99 million in RIOT stocks shares; and SUSQUEHANNA INTERNATIONAL GROUP, LLP, currently with $96.12 million in RIOT stock with ownership of nearly 10.724% of the company’s market capitalization.
Positions in Riot Blockchain Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 130 institutional holders increased their position in Riot Blockchain Inc. [NASDAQ:RIOT] by around 7,850,055 shares. Additionally, 78 investors decreased positions by around 3,348,630 shares, while 41 investors held positions by with 21,163,252 shares. The mentioned changes placed institutional holdings at 32,361,937 shares, according to the latest SEC report filing. RIOT stock had 46 new institutional investments in for a total of 1,377,384 shares, while 31 institutional investors sold positions of 2,756,918 shares during the same period.