Riot Blockchain Inc. (NASDAQ:RIOT) went up by 11.94% from its latest closing price compared to the recent 1-year high of $79.50. The company’s stock price has collected 4.60% of gains in the last five trading sessions. Barron’s reported on 06/07/21 that Microstrategy Is Doubling Down on Giant Bitcoin Bet
Is It Worth Investing in Riot Blockchain Inc. (NASDAQ :RIOT) Right Now?
Plus, the 36-month beta value for RIOT is at 4.41. Opinions of the stock are interesting as 2 analysts out of 2 who provided ratings for Riot Blockchain Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $42.00, which is $13.09 above the current price. RIOT currently public float of 70.33M and currently shorts hold a 23.03% ratio of that float. Today, the average trading volume of RIOT was 21.52M shares.
RIOT’s Market Performance
RIOT stocks went up by 4.60% for the week, with a monthly jump of 4.87% and a quarterly performance of -44.41%, while its annual performance rate touched 1098.86%. The volatility ratio for the week stands at 9.90% while the volatility levels for the past 30 days are set at 12.26% for Riot Blockchain Inc.. The simple moving average for the period of the last 20 days is 17.73% for RIOT stocks with a simple moving average of 33.83% for the last 200 days.
Analysts’ Opinion of RIOT
Many brokerage firms have already submitted their reports for RIOT stocks, with B. Riley Securities repeating the rating for RIOT by listing it as a “Buy.” The predicted price for RIOT in the upcoming period, according to B. Riley Securities is $43 based on the research report published on May 26th of the current year 2021.
RIOT Trading at -15.78% from the 50-Day Moving Average
After a stumble in the market that brought RIOT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -60.49% of loss for the given period.
Volatility was left at 12.26%, however, over the last 30 days, the volatility rate increased by 9.90%, as shares surge +5.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -34.41% lower at present.
During the last 5 trading sessions, RIOT rose by +4.60%, which changed the moving average for the period of 200-days by +743.22% in comparison to the 20-day moving average, which settled at $26.76. In addition, Riot Blockchain Inc. saw 84.87% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at RIOT starting from Les Jason, who sale 68,500 shares at the price of $7.38 back on Nov 24. After this action, Les Jason now owns 286,402 shares of Riot Blockchain Inc., valued at $505,530 using the latest closing price.
YI SOO IL BENJAMIN, the Director of Riot Blockchain Inc., sale 140,000 shares at $7.00 during a trade that took place back on Nov 23, which means that YI SOO IL BENJAMIN is holding 23,000 shares at $979,300 based on the most recent closing price.
Stock Fundamentals for RIOT
Current profitability levels for the company are sitting at:
- -73.79 for the present operating margin
- +11.06 for the gross margin
The net margin for Riot Blockchain Inc. stands at -104.91. The total capital return value is set at -5.87, while invested capital returns managed to touch -8.36. Equity return is now at value -0.50, with -0.50 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 98.57.