Shares of Riot Blockchain Inc (NASDAQ:RIOT) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Analysts have set a twelve-month consensus price objective of $3.50 for the company and are predicting that the company will post ($0.11) earnings per share for the current quarter, according to Zacks. Zacks has also given Riot Blockchain an industry rank of 100 out of 255 based on the ratings given to its competitors.
A number of equities research analysts have weighed in on the company. Zacks Investment Research lowered Riot Blockchain from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. HC Wainwright reiterated a “buy” rating and set a $3.50 target price on shares of Riot Blockchain in a research report on Thursday, August 29th.
Several large investors have recently bought and sold shares of RIOT. Barclays PLC lifted its position in shares of Riot Blockchain by 27,000.0% during the 3rd quarter. Barclays PLC now owns 27,100 shares of the technology company’s stock valued at $48,000 after acquiring an additional 27,000 shares during the period. Morgan Stanley boosted its stake in shares of Riot Blockchain by 111.0% during the 2nd quarter. Morgan Stanley now owns 17,729 shares of the technology company’s stock worth $55,000 after acquiring an additional 9,325 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Riot Blockchain in the 3rd quarter worth approximately $78,000. Nomura Holdings Inc. acquired a new stake in shares of Riot Blockchain in the 2nd quarter worth approximately $108,000. Finally, BlackRock Inc. grew its holdings in shares of Riot Blockchain by 14.1% in the 2nd quarter. BlackRock Inc. now owns 420,831 shares of the technology company’s stock worth $1,321,000 after acquiring an additional 52,001 shares during the period. 11.10% of the stock is currently owned by institutional investors and hedge funds.
Shares of Riot Blockchain stock opened at $1.30 on Friday. The firm has a market cap of $34.38 million, a price-to-earnings ratio of -0.76 and a beta of 3.21. Riot Blockchain has a 52-week low of $1.28 and a 52-week high of $6.14. The company’s 50-day simple moving average is $1.55 and its 200-day simple moving average is $2.20.
About Riot Blockchain
Riot Blockchain, Inc focuses on building, supporting, and operating blockchain technologies, primarily through its cryptocurrency mining operations and other developed businesses, as well as joint ventures, acquisitions, and targeted investments in the sector. Its primary focus is on Bitcoin and general blockchain technology.
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