Zacks: Riot Blockchain Inc (NASDAQ:RIOT) Given Average Recommendation of “Strong Buy” by Analysts
Riot Blockchain Inc (NASDAQ:RIOT) has been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokerages have set a 12 month consensus price objective of $5.00 for the company and are forecasting that the company will post ($0.23) EPS for the current quarter, according to Zacks. Zacks has also given Riot Blockchain an industry rank of 143 out of 256 based on the ratings given to related companies.
A number of brokerages have recently weighed in on RIOT. HC Wainwright set a $2.00 price target on POET Technologies and gave the company a “buy” rating in a report on Friday, April 5th. Zacks Investment Research upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Wednesday, June 5th. Finally, ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd.
RIOT stock traded down $0.04 during midday trading on Monday, hitting $1.97. 519,205 shares of the company’s stock were exchanged, compared to its average volume of 1,714,654. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.38. Riot Blockchain has a 12-month low of $1.29 and a 12-month high of $7.81. The business has a 50 day moving average of $2.57. The firm has a market capitalization of $31.44 million, a PE ratio of -1.15 and a beta of 3.25.
Riot Blockchain (NASDAQ:RIOT) last posted its quarterly earnings data on Friday, May 10th. The technology company reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.06. Riot Blockchain had a negative return on equity of 421.61% and a negative net margin of 660.41%. The company had revenue of $1.43 million for the quarter, compared to the consensus estimate of $2.10 million. On average, sell-side analysts forecast that Riot Blockchain will post -0.96 earnings per share for the current fiscal year.
Riot Blockchain Company Profile
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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