Riot Blockchain Inc. (NASDAQ: RIOT) is 126.96% higher on its value in year-to-date trading and has touched a low of $0.98 and a high of $79.50 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RIOT stock was last observed hovering at around $40.90 in the last trading session, with the day’s loss setting it -2.34% off its average median price target of $64.00 for the next 12 months. It is also 39.75% off the consensus price target high of $64.00 offered by 1 analysts, but current levels are 39.75% higher than the price target low of $64.00 for the same period.
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Currently trading at $38.56, the stock is -23.35% and -25.09% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 29.04 million and changing -5.72% at the moment leaves the stock 108.96% off its SMA200. RIOT registered 3405.45% gain for a year compared to 6-month gain of 1139.87%. The firm has a 50-day simple moving average (SMA 50) of $54.41 and a 200-day simple moving average (SMA200) of $22.02.
The stock witnessed a -36.42% loss in the last 1 month and extending the period to 3 months gives it a 53.02%, and is -34.93% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 16.81% over the week and 13.38% over the month.
Riot Blockchain Inc. (RIOT) has around 8 employees, a market worth around $3.50B and $12.10M in sales. Distance from 52-week low is 3817.50% and -51.50% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.00%).
Riot Blockchain Inc. (RIOT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Riot Blockchain Inc. (RIOT) is a “Buy”. 1 analysts offering their recommendations for the stock, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Riot Blockchain Inc. is expected to release its quarterly report on 08/06/2021 and quarterly earnings per share for the current quarter are estimated at $0.2 with sales reaching $24.3M over the same period.The EPS is expected to grow by 70.50% this year, but quarterly earnings will post 1,599.40% year-over-year. Quarterly sales are estimated to grow 918.40% in year-over-year returns.
Riot Blockchain Inc. (RIOT) Top Institutional Holders
119 institutions hold shares in Riot Blockchain Inc. (RIOT), with 2.06M shares held by insiders accounting for 2.45% while institutional investors hold 19.69% of the company’s shares. The shares outstanding are 84.12M, and float is at 82.11M with Short Float at 12.85%. Institutions hold 19.21% of the Float.
The top institutional shareholder in the company is Susquehanna International Group, LLP with over 3.24 million shares valued at $55.06 million. The investor’s holdings represent 3.85% of the RIOT Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 2.66 million shares valued at $45.19 million to account for 3.16% of the shares outstanding. The other top investors are Group One Trading, L.P. which holds 1.76 million shares representing 2.10% and valued at over $29.94 million, while State Street Corporation holds 1.78% of the shares totaling 1.5 million with a market value of $25.43 million.
Riot Blockchain Inc. (RIOT) Insider Activity
A total of 8 insider transactions have happened at Riot Blockchain Inc. (RIOT) in the last six months, with sales accounting for 6 and purchases happening 2 times. The most recent transaction is an insider sale by Les Jason, the company’s Director. SEC filings show that Les Jason sold 68,500 shares of the company’s common stock on Nov 24 at a price of $7.38 per share for a total of $0.51 million. Following the sale, the insider now owns 0.29 million shares.
Riot Blockchain Inc. disclosed in a document filed with the SEC on Nov 23 that YI SOO IL BENJAMIN (Director) sold a total of 140,000 shares of the company’s common stock. The trade occurred on Nov 23 and was made at $7.00 per share for $0.98 million. Following the transaction, the insider now directly holds 23000.0 shares of the RIOT stock.
Still, SEC filings show that on Sep 01, YI SOO IL BENJAMIN (Director) disposed off 44,068 shares at an average price of $3.50 for $0.15 million. The insider now directly holds 163,000 shares of Riot Blockchain Inc. (RIOT).
Riot Blockchain Inc. (RIOT): Who are the competitors?
The company’s main competitors (and peers) include Chembio Diagnostics Inc. (CEMI) that is trading -74.15% down over the past 12 months. Short interest in the company’s stock has fallen -28.35% from the last report on Mar 30, 2021 to stand at a total of 10.55 million short shares sold with a short interest ratio of 0.45.