Analysts Expect Riot Blockchain Inc (NASDAQ:RIOT) to Post ($0.11) EPS
Riot Blockchain Inc (NASDAQ:RIOT) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Analysts have set a 1-year consensus price objective of $3.50 for the company and are anticipating that the company will post ($0.11) EPS for the current quarter, according to Zacks. Zacks has also given Riot Blockchain an industry rank of 99 out of 255 based on the ratings given to its competitors.
A number of research firms have recently commented on RIOT. HC Wainwright reiterated a “buy” rating and set a $3.50 target price on shares of Riot Blockchain in a research report on Thursday, August 29th. Zacks Investment Research downgraded Riot Blockchain from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th.
NASDAQ:RIOT traded down $0.08 during mid-day trading on Thursday, reaching $1.51. The company’s stock had a trading volume of 496,600 shares, compared to its average volume of 630,124. The stock has a market cap of $39.32 million, a P/E ratio of -0.88 and a beta of 3.32. Riot Blockchain has a 12-month low of $1.29 and a 12-month high of $6.14. The firm’s fifty day moving average price is $1.66 and its two-hundred day moving average price is $2.47.
About Riot Blockchain
Riot Blockchain, Inc focuses on building, supporting, and operating blockchain technologies, primarily through its cryptocurrency mining operations and other developed businesses, as well as joint ventures, acquisitions, and targeted investments in the sector. Its primary focus is on Bitcoin and general blockchain technology.
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