The price of Riot Blockchain Inc. (NASDAQ:RIOT) shares last traded on Wall Street rose 0.25% to $3.99.
RIOT stock price is now -35.84% away from the 50-day moving average and -58.60% away from the 200-day moving average. The market capitalization of the company currently stands at $692.98M.
With the price target of $7, Wells Fargo recently initiated with Equal Weight rating for Riot Blockchain Inc. (NASDAQ: RIOT). On June 28, 2022, Compass Point Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $14, while ‘Northland Capital’ rates the stock as ‘Outperform’.
In other news, D’Ambrosio Lance Varro, Director sold 26,000 shares of the company’s stock on Oct 31. The stock was sold for $181,220 at an average price of $6.97. Upon completion of the transaction, the Director now directly owns 95,441 shares in the company, valued at $0.38 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 01, Director D’Ambrosio Lance Varro sold 10,000 shares of the business’s stock. A total of $66,900 was realized by selling the stock at an average price of $6.69. This leaves the insider owning 3,750 shares of the company worth $14962.5. Insiders disposed of 745,740 shares of company stock worth roughly $2.98 million over the past 1 year. A total of 7.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RIOT stock. A new stake in Riot Blockchain Inc. shares was purchased by BALYASNY ASSET MANAGEMENT LLC during the first quarter worth $5,014,000. STIFEL FINANCIAL CORP invested $1,190,000 in shares of RIOT during the first quarter. In the first quarter, ERGOTELES LLC acquired a new stake in Riot Blockchain Inc. valued at approximately $584,000. PARALLAX VOLATILITY ADVISERS, L.P. acquired a new stake in RIOT for approximately $208,000. TWO SIGMA SECURITIES, LLC purchased a new stake in RIOT valued at around $202,000 in the second quarter. In total, there are 312 active investors with 36.60% ownership of the company’s stock.
During the past 12 months, Riot Blockchain Inc. has had a low of $3.97 and a high of $40.95. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 4.50, and a quick ratio of 4.50. The fifty day moving average price for RIOT is $6.2186 and a two-hundred day moving average price translates $9.6384 for the stock.
The latest earnings results from Riot Blockchain Inc. (NASDAQ: RIOT) was released for Jun, 2022. According to the Software – Application Company, earnings per share came in at -$2.81, missing analysts’ expectations of $0.03 by -2.84. This compares to -$0.16 EPS in the same period last year. The company reported revenue of $46.29 million for the quarter, compared to $64.81 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -28.57 percent. For the current quarter, analysts expect RIOT to generate $57.89M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/18/2017. Investors who held shares on 10/13/2017 were paid a $1.00 dividend.
Riot Blockchain Inc.(RIOT) Company Profile
Riot Blockchain, Inc., together with its subsidiaries, focuses on bitcoin mining operations in North America. It operates through Bitcoin Mining, Data Center Hosting, and Electrical Products and Engineering segments. As of December 31, 2021, it operated approximately 30,907 miners. Riot Blockchain, Inc. was incorporated in 2000 and is headquartered in Castle Rock, Colorado.