In the last trading session, 17,684,989 Riot Blockchain, Inc. (NASDAQ:RIOT) shares changed hands as the company’s beta touched 4.56. With the company’s per share price at $47.89 changed hands at -$0.33 or -0.01% during last session, the market valuation stood at $3.23 Billion. RIOT’s last price was a discount, traded about -66.01% off its 52-week high of $79.5. The share price had its 52-week low at $0.76, which suggests the last value was 98.41% up since then. When we look at Riot Blockchain, Inc.’s average trading volume, we note the 10-day average is 19.72 Million shares, with the 3-month average coming to 32Million.
Analysts gave the Riot Blockchain, Inc. (RIOT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 0. If we narrow down to specifics, the data shows that none out of 1 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, none recommended RIOT as a Hold, 1 felt it is a Buy and none rated the stock as Underweight. Riot Blockchain, Inc.’s EPS for the current quarter is expected to be -$0.08.
Riot Blockchain, Inc. (NASDAQ:RIOT) trade information
Although RIOT has turned red as seen at the end of in last trading. With action -0.68%, the performance over the past five days has been red. The jump to weekly highs of $57.44 on Tuesday, Mar 23 added 16.63% to the stock’s daily price. The company’s shares are showing year-to-date upside of 1.82%, with the 5-day performance at -0.15% in the red. However, in the 30-day time frame, Riot Blockchain, Inc. (NASDAQ:RIOT) is 0.09% up. Looking at the short shares, we see there were 9.53 Million shares sold at short interest cover period of 0.3 days.
The consensus price target for the stock as assigned by Wall Street analysts is $28, meaning bulls need a downside of -41.53% from its current market value. According to analyst projections, RIOT’s forecast low is $28 with $28 as the target high. To hit the forecast high, the stock’s price needs a -41.53% upsurge from its current level, while the stock would need to tank -41.53% for it to hit the projected low.
Riot Blockchain, Inc. (RIOT) estimates and forecasts
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 18.9%. The 2021 estimates are for Riot Blockchain, Inc. earnings to increase by 76.4%, but the outlook for the next 5-year period is at 20% per year.
Riot Blockchain, Inc. (NASDAQ:RIOT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.81% of Riot Blockchain, Inc. shares while 12.43% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 12.92%. There are 56 institutions holding the Riot Blockchain, Inc. stock share, with Susquehanna International Group, LLP the top institutional holder. As of Dec 30, 2020, the company held 4.8% of the shares, roughly 3.24 Million RIOT shares worth $55.06 Million.
Vanguard Group, Inc. (The) holds the second largest percentage of outstanding shares, with 3.94% or 2.66 Million shares worth $45.19 Million as of Dec 30, 2020.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
Among Mutual Funds, the top two as of Dec 30, 2020 were Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. With 1283657 shares estimated at $21.81 Million under it, the former controlled 1.9% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 1.85% of the shares, roughly 1.25 Million shares worth around $21.28 Million.