Riot Blockchain Inc. (NASDAQ:RIOT) traded at $34.56 at last check on Tuesday, June 15, made a downward move of -2.37% on its previous day’s price.
Looking at the stock we see that its previous close was $35.40 with the day’s price range being $33.38 – $38.08. In terms of its 52-week price range, RIOT has a high of $79.50 and a low of $2.04. The company’s stock has gained about 59.24% over that past 30 days.
Riot Blockchain Inc. has a market cap of $3.04 billion. Estimates by analysts give the company expected earnings per share (EPS) of $0.05, with the EPS growth for the year raised at $0.76 for 2021 and $1.58 for next year. These figures represent 353.30% and 107.90% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $28.85 million, with a low of $24.6 million and a high of $33.1 million. The median projection represents growth squeezing down to 1,418.40% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2021 is expected to hit $173.35 million, or 1,334.90% up from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the RIOT stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of 50% Buy.
Based on estimates by 2 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Riot Blockchain Inc. (RIOT) stock as a Hold, while 2 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 23.77% off its SMA20 and -3.44% from its 50-day simple moving average. The RSI (14) is pointing at 57.15 while the volatility over the past week is 11.29% and jumps to 10.52% over the past one month. The beta value is 4.41, while the average true range (ATR) is currently pointing at 3.35. The average price target for the stock over the next 12 months is $42.00, with the estimates having a low of $40.00 and a high of $44.00. These price ends are -15.74% and -27.31% off the today’s price level respectively, although investors could be excited at the prospect of a -21.53% if the RIOT share price touches on the median price of $42.00.
Let’s briefly compare Riot Blockchain Inc. (RIOT) stock to its peers. We find that today’s price change of -2.37% and 1445.85% over the past 12 months for RIOT competes that of Chembio Diagnostics Inc. (CEMI), which has seen its stock price fall -3.04% in the latest trading session and is -63.44% over the last one year. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.27% and -0.49%, respectively, in early deals.
Coming back to Riot Blockchain Inc. (NASDAQ:RIOT), we note that the average 3-month trading volume was 20.61 million, while that of the preceding 10-day period stands at 15.34 million. Current shares outstanding are 83.16 million.
The insiders hold 14.80% of the company’s shares while institutions hold 22.40%. The data shows that short shares as of May 27, 2021, stood at 20.25 million at a short ratio of 1.01. This represents a 21.11% short interest in shares outstanding on May 27, 2021. Shares short rose in May from the previous month at 14.57 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 108.36% up in year-to-date price movement.