Riot Blockchain Stock Slides By 26% In The Last 10 Sessions

(VIANEWS) – Shares of Riot Blockchain (NASDAQ: RIOT) fell by a staggering 26.17% in 10 sessions from $7.49 at 2023-02-02, to $5.53 at 14:32 EST on Friday, after five consecutive sessions in a row of losses. NASDAQ is falling 0.97% to $11,675.76, after two consecutive sessions in a row of losses.

Riot Blockchain’s last close was $5.65, 76.12% under its 52-week high of $23.66.

About Riot Blockchain

Riot Blockchain, Inc., together with its subsidiaries, focuses on bitcoin mining operations in North America. It operates through Bitcoin Mining, Data Center Hosting, and Electrical Products and Engineering segments. As of December 31, 2021, it operated approximately 30,907 miners. Riot Blockchain, Inc. was incorporated in 2000 and is headquartered in Castle Rock, Colorado.

Earnings Per Share

As for profitability, Riot Blockchain has a trailing twelve months EPS of $-0.3.

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 -36.5%.

Sales Growth

Riot Blockchain’s sales growth for the next quarter is negative 5.6%.

Revenue Growth

Year-on-year quarterly revenue growth grew by 112.4%, now sitting on 308.43M for the twelve trailing months.

More news about Riot Blockchain (RIOT).

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