Shares of Riot Blockchain Inc (NASDAQ:RIOT) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Analysts have set a 12-month consensus target price of $4.00 for the company and are forecasting that the company will post ($0.61) EPS for the current quarter, according to Zacks. Zacks has also given Riot Blockchain an industry rank of 187 out of 255 based on the ratings given to related companies.
RIOT has been the topic of a number of research reports. Zacks Investment Research cut shares of Riot Blockchain from a “hold” rating to a “sell” rating in a research note on Wednesday, October 10th. HC Wainwright lowered their price objective on shares of Riot Blockchain from $10.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, October 4th.
NASDAQ RIOT traded down $0.05 during trading hours on Tuesday, reaching $2.36. The company’s stock had a trading volume of 76,058 shares, compared to its average volume of 702,853. The stock has a market cap of $35.37 million, a price-to-earnings ratio of -0.87 and a beta of 2.38. Riot Blockchain has a fifty-two week low of $2.15 and a fifty-two week high of $46.20.
Riot Blockchain (NASDAQ:RIOT) last issued its quarterly earnings data on Tuesday, August 14th. The technology company reported ($0.60) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.54). The business had revenue of $2.79 million during the quarter, compared to analyst estimates of $4.30 million. Riot Blockchain had a negative net margin of 1,383.44% and a negative return on equity of 92.73%. On average, analysts predict that Riot Blockchain will post -1.83 earnings per share for the current year.
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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