Small Cap Stock Riot Blockchain Inc. (RIOT) Is A Buy – Analysts
Riot Blockchain Inc. (NASDAQ:RIOT) has a beta value of 4.44 and has seen 5.43 million shares traded in the recent trading session. The company, currently valued at $3.45B, closed the recent trade at $32.38 per share which meant it lost -$2.05 on the day or -5.95% during that session. The RIOT stock price is -145.52% off its 52-week high price of $79.50 and 92.74% above the 52-week low of $2.35. The 3-month trading volume is 10.47 million shares.
The consensus among analysts is that Riot Blockchain Inc. (RIOT) is a Buy stock at the moment, with a recommendation rating of 1.50. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 5 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.05.
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Sporting -5.95% in the red today, the stock has traded in the red over the last five days, with the highest price hit on Friday, 09/03/21 when the RIOT stock price touched $32.38 or saw a rise of 16.35%. Year-to-date, Riot Blockchain Inc. shares have moved 102.65%, while the 5-day performance has seen it change -10.73%. Over the past 30 days, the shares of Riot Blockchain Inc. (NASDAQ:RIOT) have changed 2.50%.
Wall Street analysts have a consensus price target for the stock at $48.20, which means that the shares’ value could jump 32.82% from the levels at last check today. The projected low price target is $45.00 while the price target rests at a high of $51.00. In that case, then, we find that the latest price level in today’s session is -57.5% off the targeted high while a plunge would see the stock gain -38.97% from the levels at last check today.
Riot Blockchain Inc. (RIOT) estimates and forecasts
Figures show that Riot Blockchain Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -11.67% over the past 6 months, with this year growth rate of 333.33%, compared to 9.50% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 116.10% and 725.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 1,708.50%.
4 analysts offering their estimates for the company have set an average revenue estimate of $30.91 million for the current quarter. 4 have an estimated revenue figure of $66.37 million for the next quarter concluding in Sep 2021.
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 33.10% over the past 5 years. Earnings growth for 2021 is a modest 70.50% while over the next 5 years, the company’s earnings are expected to increase by 20.00%.
RIOT Dividends
Riot Blockchain Inc. is expected to release its next earnings report between November 08 and November 12 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 12.48% of the company shares, while shares held by institutions stand at 29.59% with a share float percentage of 33.81%. Investors are also buoyed by the number of investors in a company, with Riot Blockchain Inc. having a total of 256 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 5.73 million shares worth more than $215.83 million. As of Jun 29, 2021, Vanguard Group, Inc. (The) held 5.97% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 5.56 million shares as of Jun 29, 2021. The firm’s total holdings are worth over $209.48 million and represent 5.80% of shares outstanding.
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Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. As of Jun 29, 2021, the former fund manager holds about 2.11% shares in the company for having 2.02 million shares of worth $76.11 million while later fund manager owns 1.94 million shares of worth $73.04 million as of Jun 29, 2021, which makes it owner of about 2.02% of company’s outstanding stock.
Read more: https://mcc.exchange/2021/09/07/small-cap-stock-riot-blockchain-inc-riot-is-a-buy-analysts/
Text source: MCC.EXCHANGE
