Riot Blockchain Inc (NASDAQ:RIOT) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 12 month consensus target price of $4.00 for the company and are predicting that the company will post ($0.61) earnings per share for the current quarter, according to Zacks. Zacks has also given Riot Blockchain an industry rank of 168 out of 255 based on the ratings given to its competitors.

Several research analysts have recently issued reports on the stock. HC Wainwright set a $10.00 target price on shares of Riot Blockchain and gave the company a “buy” rating in a research note on Wednesday, July 25th. Zacks Investment Research raised shares of Riot Blockchain from a “sell” rating to a “hold” rating in a research note on Thursday, July 19th.

An institutional investor recently raised its position in Riot Blockchain stock. BlackRock Inc. increased its position in shares of Riot Blockchain Inc (NASDAQ:RIOT) by 29.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 159,450 shares of the technology company’s stock after acquiring an additional 35,954 shares during the quarter. BlackRock Inc. owned about 1.17% of Riot Blockchain worth $1,011,000 as of its most recent SEC filing. Institutional investors own 13.42% of the company’s stock.

RIOT traded up $0.41 during midday trading on Monday, hitting $2.57. The company had a trading volume of 4,979,973 shares, compared to its average volume of 1,277,010. The stock has a market capitalization of $51.23 million, a PE ratio of -0.95 and a beta of 2.38. Riot Blockchain has a twelve month low of $2.15 and a twelve month high of $46.20.

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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