Riot Blockchain Inc. [RIOT] is 31.43% higher this YTD. Is it still time to buy?



Riot Blockchain Inc. [NASDAQ: RIOT] plunged by -$1.17 during the normal trading session on Friday and reaching a high of $23.95 during the day while it closed the day at $22.33. The company report on December 2, 2021 that Riot Blockchain Announces November Production and Operations Updates.

Riot produces 466 Bitcoin in November 2021 and announces a further increase in 2022 targeted hash rate.

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Riot Blockchain, Inc. (NASDAQ: RIOT) (“Riot,” “Riot Blockchain” or “the Company”), an industry leader in Bitcoin (“BTC”) mining and hosting, announces monthly BTC production and operations updates for November 2021, including a further increase in estimated self-mining hash rate capacity for 2022, updates to the status of miner shipments and deployment, and updates on the 400 megawatts (“MW”) infrastructure expansion at the Company’s Whinstone US, Inc., (“Whinstone”) facility in Rockdale, Texas (the “Whinstone Facility”).

Riot Blockchain Inc. stock has also loss -13.01% of its value over the past 7 days. However, RIOT stock has declined by -14.44% in the 3 months of the year. Over the past six months meanwhile, it has lost -38.37% and gained 31.43% year-on date.

The market cap for RIOT stock reached $2.40 billion, with 96.06 million shares outstanding and 93.28 million shares in the current float. Compared to the average trading volume of 14.99M shares, RIOT reached a trading volume of 8614543 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 $53.62 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.

ROTH Capital have made an estimate for Riot Blockchain Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 03, 2021. While these analysts kept the previous recommendation, DA Davidson raised their target price to Buy. The new note on the price target was released on October 15, 2021, representing the official price target for Riot Blockchain Inc. stock. Previously, the target price had yet another raise to $45, while BTIG Research analysts kept a Buy rating on RIOT stock.

The Average True Range (ATR) for Riot Blockchain Inc. is set at 2.65, with the Price to Sales ratio for RIOT stock in the period of the last 12 months amounting to 18.77. The Price to Book ratio for the last quarter was 2.78, with the Price to Cash per share for the same quarter was set at 1.62.

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 -13.01. With this latest performance, RIOT shares dropped by -37.28% in over the last four-week period, additionally sinking by -38.37% over the last 6 months – not to mention a rise of 31.43% 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 37.21, with the RSI for the last a single of trading hit 34.49, and the three-weeks RSI is set at 39.75 for Riot Blockchain Inc. [RIOT]. The present Moving Average for the last 50 days of trading for this stock 30.49, while it was recorded at 23.67 for the last single week of trading, and 33.40 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

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%.

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Riot Blockchain Inc. [RIOT]: Insider Ownership positions

There are presently around $720 million, or 28.10% 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 6.30% of the total institutional ownership; BLACKROCK INC., holding 5,411,953 shares of the stock with an approximate value of $120.85 million in RIOT stocks shares; and SUSQUEHANNA INTERNATIONAL GROUP, LLP, currently with $61.47 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 March and at the time of the March reporting period, where 127 institutional holders increased their position in Riot Blockchain Inc. [NASDAQ:RIOT] by around 7,711,507 shares. Additionally, 77 investors decreased positions by around 3,339,617 shares, while 41 investors held positions by with 21,172,265 shares. The mentioned changes placed institutional holdings at 32,223,389 shares, according to the latest SEC report filing. RIOT stock had 43 new institutional investments in for a total of 1,238,836 shares, while 30 institutional investors sold positions of 2,747,905 shares during the same period.