Riot Blockchain (RIOT) Stock Price Down 1.6%
Riot Blockchain Inc (NASDAQ:RIOT) shares were down 1.6% on Thursday . The stock traded as low as $3.61 and last traded at $3.74. Approximately 12,038 shares changed hands during trading, a decline of 98% from the average daily volume of 665,468 shares. The stock had previously closed at $3.80.
Several research analysts have recently weighed in on RIOT shares. HC Wainwright set a $10.00 target price on Riot Blockchain and gave the stock a “buy” rating in a report on Friday, May 18th. Zacks Investment Research cut Riot Blockchain from a “hold” rating to a “sell” rating in a report on Thursday, July 12th.
The firm has a market capitalization of $60.21 million, a price-to-earnings ratio of -1.41 and a beta of 2.50.
Riot Blockchain Company Profile (NASDAQ:RIOT)
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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