Riot Blockchain Inc. [NASDAQ: RIOT] closed the trading session at $20.36 on 01/07/22. The day’s price range saw the stock hit a low of $19.45, while the highest price level was $21.0564. The company report on January 5, 2022 that Riot Blockchain Announces December Production and Operations Updates.
Riot produces 425 Bitcoin in December 2021 and 3,812 Bitcoin in 2021, Executes Multiple Miner Purchase Agreements and Increases Self-Mining Hash Rate Capacity to 12.8 EH/s for 2022.
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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 production and operations update for December 2021, including a further increase in estimated self-mining hash rate capacity for 2022, updates to the status of miner shipments and deployment, updates on the 400 megawatt (“MW”) infrastructure expansion at the Company’s Whinstone US, Inc., (“Whinstone”) facility in Rockdale, Texas (the “Whinstone Facility”) and other corporate highlights.
The stocks have a year to date performance of -8.82 percent and weekly performance of -8.82 percent. The stock has been moved at -35.16 percent over the last six months. The stock has performed -30.61 percent around the most recent 30 days and changed -21.18 percent over the most recent 3-months.
If compared to the average trading volume of 14.87M shares, RIOT reached to a volume of 11411514 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 $51.67 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 1.70. 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.
Cantor Fitzgerald have made an estimate for Riot Blockchain Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on January 04, 2022. While these analysts kept the previous recommendation, ROTH Capital raised their target price to Buy. The new note on the price target was released on December 03, 2021, representing the official price target for Riot Blockchain Inc. stock. Previously, the target price had yet another raise to $42, while DA Davidson analysts kept a Buy rating on RIOT stock.
The Average True Range (ATR) for Riot Blockchain Inc. is set at 2.45, with the Price to Sales ratio for RIOT stock in the period of the last 12 months amounting to 18.71. The Price to Book ratio for the last quarter was 2.54, with the Price to Cash per share for the same quarter was set at 1.48.
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 -8.82. With this latest performance, RIOT shares dropped by -30.61% in over the last four-week period, additionally sinking by -35.16% over the last 6 months – not to mention a drop of -23.43% 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 35.55, with the RSI for the last a single of trading hit 32.49, and the three-weeks RSI is set at 38.26 for Riot Blockchain Inc. [RIOT]. The present Moving Average for the last 50 days of trading for this stock 29.83, while it was recorded at 21.88 for the last single week of trading, and 32.64 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%.
Riot Blockchain Inc. [RIOT]: Insider Ownership positions
There are presently around $656 million, or 28.40% 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 $110.19 million in RIOT stocks shares; and SUSQUEHANNA INTERNATIONAL GROUP, LLP, currently with $56.05 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 7,712,970 shares. Additionally, 77 investors decreased positions by around 3,339,617 shares, while 42 investors held positions by with 21,172,302 shares. The mentioned changes placed institutional holdings at 32,224,889 shares, according to the latest SEC report filing. RIOT stock had 43 new institutional investments in for a total of 1,240,299 shares, while 30 institutional investors sold positions of 2,747,905 shares during the same period.