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.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Morgan Stanley boosted its position in shares of Riot Blockchain by 111.0% during the 2nd quarter. Morgan Stanley now owns 17,729 shares of the technology company’s stock valued at $55,000 after acquiring an additional 9,325 shares during the last quarter. Nomura Holdings Inc. bought a new position in shares of Riot Blockchain during the 2nd quarter valued at approximately $108,000. BlackRock Inc. boosted its position in shares of Riot Blockchain by 14.1% during the 2nd quarter. BlackRock Inc. now owns 420,831 shares of the technology company’s stock valued at $1,321,000 after acquiring an additional 52,001 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Riot Blockchain by 19.1% during the 2nd quarter. Vanguard Group Inc. now owns 876,877 shares of the technology company’s stock valued at $2,753,000 after acquiring an additional 140,752 shares during the last quarter. Hedge funds and other institutional investors own 9.35% of the company’s stock.

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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