Riot Blockchain Inc. (NASDAQ:RIOT) finished Tuesday with an addition of $1.09 to close at $26.34, an upside of 4.32 percent. An average of 8,085,560 shares of common stock have been traded in the last five days. There was a gain of $0.56 in the past week. The last 20 days have seen an average of 7,937,310 shares traded, while the 50-day average volume stands at 9,756,328.
RIOT stock has decreased by -23.50% in the last month. The company shares reached their 1-month lowest point of $24.35 on 10/04/21. With the stock rallying to its 52-week high on 02/17/21, shares of the company touched a low of $2.53 and a high of $79.50 in 52 weeks. In spite of this, the price is down -66.87% from the 52-week high.
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34 days have passed since Riot Blockchain Inc. (RIOT) last reported insider trading activity. Northern Data AG, who is 10% Owner, most recently acquired $3,000,000 shares at $36.61 per share on Sep 02. In this transaction, the insider spent $109,830,000. 10% Owner, Northern Data AG, disposed of 1,850,008 shares at a price of $36.84 on Sep 01. The insider now owns more than $68,154,295 worth of shares. Prior to that, Chief Executive Officer Les Jason went on to Sale 50,000 shares at $31.27 each on Jun 10. An amount of $1,563,671 was transacted.
Riot Blockchain Inc. (RIOT) has a trailing price-to-earnings (P/E) ratio of 78.86, which compares with the 29.20 for the broader industry and 36.42 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, Riot Blockchain Inc.’s PE ratio has ranged between 89.70 and 57.84. The stock’s beta is 4.51. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 38.11, the price-to-book (PB) ratio at 3.27.
The quick ratio of Riot Blockchain Inc. for the three months ended June 29 was 5.90, and the current ratio was 5.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Riot Blockchain Inc.’s EBITDA margin for the year ending June 29 is -33.56%, while its operating margin for the same period stands at -1.10%. Its gross profit as reported stood at $5.83 million compared to revenue of $12.08 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Riot Blockchain Inc.’s return on assets was 7.20%, compared to -70.8% over the last five years. In the past year, the return on investment has been -7.00%, and the 5-year average is -88.7%. Meanwhile, the return on equity (ROE) for the past 12 months has been 8.20% and the 5-year average holds at -96.0%. For the broader industry, ROE averaged 3.34 over the past year.
From a technical analysis perspective, let’s take a brief look at Riot Blockchain Inc. (RIOT) price momentum. RSI 9-day as of the close on 05 October was 40.33%, suggesting the stock is Neutral, with historical volatility in this time frame at 67.59%.
As of today, RIOT’s price is $25.65 +2.17% or $0.56 from its 5-day moving average. RIOT is currently trading -17.97% lower than its 20-day SMA and +18.49% higher than its 100-day SMA. However, the stock’s current price level is -22.53% below the SMA50 and +153.39% above the SMA200.
The stochastic %K and %D were 23.38% and 17.92%, respectively, and the average true range (ATR) was 1.70. With the 14-day stochastic at 33.11% and the average true range at 1.86, the RSI (14) stands at 39.55%. The stock has reached -0.67 on the 9-day MACD Oscillator while the 14-day reading was at -1.35.
BTIG Research launched coverage on Riot Blockchain Inc. (NASDAQ: RIOT) in its analyst report released on July 30, 2021. The firm assigned the stock a a Buy rating.The consensus rating for Riot Blockchain Inc. (RIOT) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell RIOT, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.
What is RIOT’s price target for the next 12 months?
Analysts predict a range of price targets between $45.00 and $82.00, with a median target of $50.00. Taking a look at these predictions, the average price target given by analysts for Riot Blockchain Inc. (RIOT) stock is $54.40.