Riot Blockchain Inc. (NASDAQ:RIOT)’s traded shares stood at 20.11 million during the last session, with the company’s beta value hitting 4.43. At the close of trading, the stock’s price was $4.86, to imply a decrease of -0.61% or -$0.03 in intraday trading. The RIOT share’s 52-week high remains $46.28, putting it -852.26% down since that peak but still an impressive 10.29% since price per share fell to its 52-week low of $4.36. The company has a valuation of $653.23M, with average of 10.41 million shares over the past 3 months.
Analysts have given a consensus recommendation of a Buy for Riot Blockchain Inc. (RIOT), translating to a mean rating of 1.90. Of 9 analyst(s) looking at the stock, 0 analyst(s) give RIOT a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 8 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.1.
Riot Blockchain Inc. (NASDAQ:RIOT) trade information
After registering a -0.61% downside in the last session, Riot Blockchain Inc. (RIOT) has traded red over the past five days. The stock hit a weekly high of 5.90 this Wednesday, 06/15/22, dropping -0.61% in its intraday price action. The 5-day price performance for the stock is -18.59%, and -32.41% over 30 days. With these gigs, the year-to-date price performance is -78.24%.
Analysts on Wall Street suggest a consensus price target of $24.78, implying an increase of 80.39% to the stock’s current value. The extremes give us $15.00 and $42.00 for target low and target high price respectively. As such, RIOT has been trading -764.2% off suggested target high and -208.64% from its likely low.
Riot Blockchain Inc. (RIOT) estimates and forecasts
Looking at statistics comparing Riot Blockchain Inc. share performance against respective industry, we note that the company has outperformed competitors. Riot Blockchain Inc. (RIOT) shares are -80.51% down over the last 6 months, with its year-to-date growth rate higher than industry average at 46.67% against 15.00%. Revenue is forecast to shrink -54.50% this quarter before jumping 243.80% for the next one. The rating firms project that company’s revenue will grow 107.70% compared to the previous financial year.
Revenue forecast for the current quarter as set by 7 analysts is $104.2 million. Meanwhile, for the quarter ending Sep 2022, a total of 7 analyst(s) estimate revenue growth to $122.51 million.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 35.80% for the past 5-year period. While 2022 is set for a 71.90% return in earnings, projections for the next 5 years are at 20.00% annually.
Riot Blockchain Inc. has its next earnings report out between March 29 and April 04. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Riot Blockchain Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Riot Blockchain Inc. (NASDAQ:RIOT)’s Major holders
Riot Blockchain Inc. insiders hold 3.58% of total outstanding shares, with institutional holders owning 35.73% of the shares at 37.06% float percentage. In total, 35.73% institutions holds shares in the company, led by Vanguard Group, Inc. (The). As of Dec 30, 2021, the company held over 10.04 million shares (or 7.90% of shares), all amounting to roughly $224.19 million.
The next major institution holding the largest number of shares is Blackrock Inc. with 6.89 million shares, or about 5.42% of shares outstanding. As of the market price on Mar 30, 2022, these shares were worth $145.78 million.
We also have Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund as the top two Mutual Funds with the largest holdings of the Riot Blockchain Inc. (RIOT) shares. Going by data provided on Dec 30, 2021, Vanguard Total Stock Market Index Fund holds roughly 3.13 million shares. This is just over 2.46% of the total shares, with a market valuation of $69.9 million. Data from the same date shows that the other fund manager holds a little less at 2.78 million, or 2.18% of the shares, all valued at about 61.98 million.