Can Riot Blockchain Inc. (RIOT) Add Value To Your Portfolio?

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As of Wednesday close, Riot Blockchain Inc.’s (NASDAQ:RIOT) stock was up $0.43, moving up 10.78 percent to $4.42. The average number of shares traded per day over the past five days has been 13,705,899 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.24 fall in that time frame. In the last twenty days, the average volume was 13,739,910, while in the previous 50 days, it was 11,616,326.

Since last month, RIOT stock retreated -36.95%. Shares of the company fell to $3.91 on 11/22/22, the lowest level in the past month. A 52-week high of $40.95 was reached on 01/04/22 after having rallying from a 52-week low of $3.91. Since the beginning of this year, RIOT’s stock price has dropped by -80.21% or -$17.91, and marked a new high 2 times. However, the stock has declined by -89.21% since its 52-week high.


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RIOT stock investors should be aware that Riot Blockchain Inc. (RIOT) stock had its last reported insider trading activity 25 days ago on Oct 31. D’Ambrosio Lance Varro, the Director of the company, disposed of 26,000 shares for $6.97 on Oct 31. It resulted in a $181,220 divestment by the insider. D’Ambrosio Lance Varro sold 10,000 shares at an average price of $6.69 on Sep 01. The insider now owns 3,750 shares following the transaction. On Apr 07, Director Marleau Hubert sold 2,500 shares at $17.73 apiece. The transaction was valued at $44,325.

Valuation Metrics

The stock’s beta is 4.01. Besides these, the trailing price-to-sales (P/S) ratio of 2.65, the price-to-book (PB) ratio of 0.52.

Financial Health

In the three months ended September 29, Riot Blockchain Inc.’s quick ratio stood at 4.50, while its current ratio was 4.50, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 40.50% percent. Based on annual data, RIOT earned $131.15 million in gross profit and brought in $213.24 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -1.70%. Return on equity (ROE) for the past 12 months was -23.90%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. RIOT’s revenue fell -40.01% to $72.95 million during the quarter, while net income inched up to $46.29 million. While analysts expected Riot Blockchain Inc. to report -$0.02 quarterly earnings, the actual figure was -$0.24 per share. During the quarter, the company generated -$11.39 million in EBITDA. The liabilities of Riot Blockchain Inc. were 154.25 million at the end of its most recent quarter ended September 29, and its total debt was $22.21 million. The value of shareholders’ equity is $167.3 million.

Technical Picture

This quick technical analysis looks at Riot Blockchain Inc.’s (RIOT) price momentum. With a historical volatility rate of 120.67%, the RSI 9-day stood at 36.49% on 23 November.

With respect to its five-day moving average, the current Riot Blockchain Inc. price is down by -5.15% percent or -$0.24. At present, RIOT shares trade -37.39% below its 20-day simple moving average and -6.55% percent below its 100-day simple moving average. However, the stock is currently trading approximately -41.53% below its SMA50 and -75.83% below its SMA200.

Stochastic coefficient K was 9.79% and Stochastic coefficient D was 4.65%, while ATR was 0.45. Given the Stochastic reading of 25.11% for the 14-day period, the RSI (14) reading has been calculated as 36.89%. As of today, the MACD Oscillator reading stands at -0.52, while the 14-day reading stands at -0.80.

Analyst Ratings

Riot Blockchain Inc. (RIOT) has been rated Buy by analysts. According to 0 brokerage firms, RIOT is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Riot Blockchain Inc. stock as buy, with 9 recommending it as overweight.

With a median target price of $11.00, the current consensus forecast for the stock is $6.00 – $15.00. Based on these forecasts, analysts predict Riot Blockchain Inc. (RIOT) will achieve an average price target of $10.85.

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