Riot Blockchain Inc. (NASDAQ:RIOT) finished Thursday with an addition of $0.13 to close at $3.42, an upside of 3.95 percent. An average of 6,122,220 shares of common stock have been traded in the last five days. There was a fall of -$0.41 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 8,255,080 shares traded, while the 50-day average volume stands at 10,807,706.
RIOT stock has decreased by -19.34% in the last month. The company shares reached their 1-month lowest point of $3.25 on 12/28/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $3.25 and a high of $24.62 in 52 weeks. It has reached a new high 2 times so far this year and lost -84.68% or -$18.91 in price. In spite of this, the price is down -86.11% from the 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 15 days ago on Dec 15. In this transaction, the insider spent $100,000. EVP, CCO, Harris Chad Everett, disposed of 75,565 shares at a price of $4.15 on Dec 07. The insider now owns more than $313,595 worth of shares. Prior to that, Director D’Ambrosio Lance Varro went on to Sale 26,000 shares at $6.97 each on Oct 31. An amount of $181,220 was transacted.
Riot Blockchain Inc. (RIOT) stock’s beta is 3.85. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.03, the price-to-book (PB) ratio at 0.41.
The quick ratio of Riot Blockchain Inc. for the three months ended June 29 was 4.50, and the current ratio was 4.50, 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. Its gross profit as reported stood at $131.15 million compared to revenue of $213.24 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 -21.30%.
For the three-month period that ended June 29, Riot Blockchain Inc. had $2.17 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$36.57 million in the quarter, while revenues of -$366.33 million were grew 58.05%. The analyst consensus anticipated Riot Blockchain Inc.’s latest quarter earnings to come in at $0.03 per share, but it turned out to be -$2.81, a -9,466.70% surprise. For the quarter, EBITDA amounted to -$11.39 million. Shareholders own equity worth $167.3 million.
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 29 December was 28.33%, suggesting the stock is oversold, with historical volatility in this time frame at 51.85%.
As of today, RIOT’s price is $3.52 -10.70% or -$0.41 from its 5-day moving average. RIOT is currently trading -26.45% lower than its 20-day SMA and -60.73% lower than its 100-day SMA. However, the stock’s current price level is -41.74% below the SMA50 and -77.06% below the SMA200.
The stochastic %K and %D were 5.31% and 4.72%, respectively, and the average true range (ATR) was 0.28. With the 14-day stochastic at 12.23% and the average true range at 0.31, the RSI (14) stands at 31.64%. The stock has reached -0.28 on the 9-day MACD Oscillator while the 14-day reading was at -0.44.
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 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 9 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 $6.00 and $15.00, with a median target of $10.00. Taking a look at these predictions, the average price target given by analysts for Riot Blockchain Inc. (RIOT) stock is $10.15.