(VIANEWS) – Shares of Riot Blockchain (NASDAQ: RIOT) rose 8.53% to $6.87 at 10:18 EST on Monday, after four successive sessions in a row of losses. NASDAQ is falling 1.8% to $10,867.93, after four sequential sessions in a row of losses. This seems, so far, an all-around negative trend exchanging session today.
Riot Blockchain’s last close was $6.33, 86.32% under its 52-week high of $46.28.
Why is Riot Blockchain Stock Going Up?
Riot Blockchain is a software-application company in the United States. It employs about 335 people and is listed on the NASDAQ. Its website opens with an application, and once you’ve completed it, you are asked to provide your payment details. During the past few months, the stock has been moving up, and Riot Blockchain stock is no exception.
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Riot Blockchain stock has a Zacks Rank of 3. This means that it is expected to make in-line returns relative to the market. However, the company’s valuation may be too high. Its VGM Score of D suggests that it’s overvalued. Given these factors, the company may be underperforming the market.
About Riot Blockchain
Riot Blockchain, Inc. and its affiliates focuses exclusively on Bitcoin mining in North America. It is present in three segments: Bitcoin Mining, Data Center Hosting and Electrical Products and Engineering. It had approximately 30907 active miners as of December 31, 2021. Riot Blockchain, Inc., was founded in 2000. It is located in Castle Rock, Colorado.
Earnings Per Share
As for profitability, Riot Blockchain has a trailing twelve months EPS of -0.3.
Return on Equity (TTM)
Riot Blockchain’s ROE is 2.3.
Today’s last reported volume for Riot Blockchain is 2089296 which is 86.45% below its average volume of 15420692.
The company’s growth estimates for the present quarter is a negative 81.8% and positive 106.2% for the next.
Riot Blockchain’s Revenue
Year-on-year quarterly revenue growth grew by 244%, now sitting on 269.83M for the twelve trailing months.
Riot Blockchain’s last week, last month’s, and last quarter’s current intraday variation average was a negative 2.55%, a negative 1.34%, and a positive 5.68%, respectively.
Riot Blockchain’s highest amplitude of average volatility was 3.57% (last week), 5.12% (last month), and 5.68% (last quarter), respectively.
Riot Blockchain’s Stock Yearly Top and Bottom Value
Riot Blockchain’s stock is valued at $6.87 at 10:31 EST, way under its 52-week high of $46.28 and way higher than its 52-week low of $4.02.
Riot Blockchain’s Moving Average
Riot Blockchain’s worth is under its 50-day moving average of $7.43 and way below its 200-day moving average of $12.64.
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