(VIANEWS) – Shares of Riot Blockchain (NASDAQ: RIOT) jumped by a staggering 11.36% to $12.16 at 10:09 EST on Tuesday, after four sequential sessions in a row of losses. NASDAQ is jumping 2.19% to $12,975.69, after two sequential sessions in a row of gains. This seems, as yet, an all-around positive trend exchanging session today.
Riot Blockchain’s last close was $10.92, 24.32% under its 52-week high of $14.43.
About Riot Blockchain
Riot Platforms, Inc., together with its subsidiaries, operates as a bitcoin mining company in North America. It operates through Bitcoin Mining, Data Center Hosting, and Engineering segments. The company also provides co-location services for institutional-scale bitcoin mining companies; and critical infrastructure and workforce for institutional-scale miners to deploy and operate their miners. In addition, it engages in the design and manufacturing of power distribution equipment and custom engineered electrical products; electricity distribution product design, manufacture, and installation services primarily focused on large-scale commercial and governmental customers, as well as a range of markets, including data center, power generation, utility, water, industrial, and alternative energy; operation of data centers; and maintenance/management of computing capacity. The company was formerly known as Riot Blockchain, Inc. Riot Platforms, Inc. was incorporated in 1998 and is based in Castle Rock, Colorado.
Earnings Per Share
As for profitability, Riot Blockchain has a trailing twelve months EPS of $-4.23.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -48.54%.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Riot Blockchain’s stock is considered to be overbought (>=80).
Riot Blockchain’s worth is way above its 50-day moving average of $10.71 and way above its 200-day moving average of $7.16.
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is 92.5% and 16.7%, respectively.
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