Riot Blockchain Inc. (NASDAQ:RIOT) has a beta value of 4.17 and has seen 23.36 million shares traded in the last trading session. The company, currently valued at $1.01B, closed the last trade at $6.48 per share which meant it gained $0.28 on the day or 4.52% during that session. The RIOT stock price is -265.12% off its 52-week high price of $23.66 and 49.85% above the 52-week low of $3.25. If we look at the company’s 10-day average daily trading volume, we find that it stood at 21.32 million shares traded. The 3-month trading volume is 12.58 million shares.
The consensus among analysts is that Riot Blockchain Inc. (RIOT) is a Buy stock at the moment, with a recommendation rating of 1.80. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 10 have rated it as a Hold, with 9 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.02.
Riot Blockchain Inc. (NASDAQ:RIOT) trade information
Sporting 4.52% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, 01/23/23 when the RIOT stock price touched $6.48 or saw a rise of 2.26%. Year-to-date, Riot Blockchain Inc. shares have moved 91.15%, while the 5-day performance has seen it change 7.64%. Over the past 30 days, the shares of Riot Blockchain Inc. (NASDAQ:RIOT) have changed 69.19%. Short interest in the company has seen 25.0 million shares shorted with days to cover at 2.48.
Wall Street analysts have a consensus price target for the stock at $10.00, which means that the shares’ value could jump 35.2% from current levels. The projected low price target is $5.00 while the price target rests at a high of $15.00. In that case, then, we find that the current price level is -131.48% off the targeted high while a plunge would see the stock lose 22.84% from current levels.
Riot Blockchain Inc. (RIOT) estimates and forecasts
Figures show that Riot Blockchain Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -8.99% over the past 6 months, with this year growth rate of -568.33%, compared to 12.90% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 87.50% and 95.20% for the next quarter. Revenue growth from the last financial year stood is estimated to be 43.90%.
9 analysts offering their estimates for the company have set an average revenue estimate of $57.89 million for the current quarter. 9 have an estimated revenue figure of $85.76 million for the next quarter concluding in Dec 2022.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 35.80% over the past 5 years. Earnings growth for 2023 is a modest 71.90% while over the next 5 years, the company’s earnings are expected to increase by 20.00%.
Riot Blockchain Inc. is expected to release its next earnings report between March 14 and March 20 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Riot Blockchain Inc. (NASDAQ:RIOT)’s Major holders
Insiders own 7.61% of the company shares, while shares held by institutions stand at 32.82% with a share float percentage of 35.52%. Investors are also buoyed by the number of investors in a company, with Riot Blockchain Inc. having a total of 312 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 11.37 million shares worth more than $47.64 million. As of Jun 29, 2022, Vanguard Group, Inc. (The) held 6.80% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 8.23 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $34.46 million and represent 4.92% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of Jun 29, 2022, the former fund manager holds about 2.12% shares in the company for having 3.55 million shares of worth $14.87 million while later fund manager owns 3.06 million shares of worth $12.8 million as of Jun 29, 2022, which makes it owner of about 1.83% of company’s outstanding stock.