Riot Blockchain Inc. (NASDAQ:RIOT) does about 9.44M shares in volume on a normal day but saw 8562776 shares change hands in Friday trading. The company now has a market cap of 155.02M USD and an enterprise value of about $138.66M. Its current market price is $3.59, marking an increase of 9.79% compared to the previous close of $3.27. The 52 week high reached by this stock is $4.58 whilst the lowest price level in 52 weeks is $0.51. The script in recent trading has seen the stock touch a high of $3.65 and a low of $3.21.
Riot Blockchain Inc. (RIOT) has a 20-day trading average at $3.73 and the current price is -21.62% off the 52-week high compared with 602.54% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.91 and its 200-day simple moving average is $1.80. If we look at the stock’s price movements over the week, volatility stands at 10.39%, which increases to 14.36% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 53.33 to suggest the stock is neutral.
1 analysts observing the Riot Blockchain Inc. (RIOT) stock have set the 12-month price targets for the company’s shares at between $3.50 and $3.50. The median price target is -2.57% away from the current levels at $3.50.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy.
The current price level is -2.62%, 24.50%, and 101.06% away from its SMA20, SMA50, and SMA200 respectively, with the RIOT price moving below the 50-day SMA on August 28. Riot Blockchain Inc. (RIOT) stock is down -3.62% over the week and 40.78% over the past month. Its price is 220.54% year-to-date and 90.96% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of -$0.07 above consensus estimates by $0.1. The company’s next earnings report is expected on 11/17/2020, with forecasts estimating quarterly EPS at -$0.09 and -$0.51 for whole year. In addition, estimates put the company’s current quarterly revenue at an average of $1.8 million.
Its 12-month price target is $3.50. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $3.50, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $3.50.
Outstanding shares total 34.53M with insiders holding 0.90% of the shares and institutional holders owning 8.70% of the company’s common stock. The company has a return on investment of -30.30% and return on equity of -69.70%. The beta has a value of 3.24. Price to book ratio is 4.49 and price to sales ratio is 21.24.
According to a U.S. Securities and Exchange Commission filing, Vanguard Total Stock Market Index has added its position in Riot Blockchain Inc. (RIOT) to 638,531 shares, mirroring a recent increase by 1.99%. Vanguard Total Stock Market Index added 12430.0 shares of Riot Blockchain Inc. common stock bringing its total worth to about $1.69 million at the end of recent close, SEC documents show. Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by Vanguard Extended Market Index Fu, which added 83456.0 shares to end up with 411,368 shares worth $1.09 million. Fidelity Extended Market Index Fu cut their holdings by 0.00% in the company over the course of the most recent quarter. It now holds a 0.35% position in Riot Blockchain Inc. thanks to 0.12 million shares amounting to $0.31 million.