Is Riot Blockchain Inc. (RIOT) Safe to Invest in?

The price of Riot Blockchain Inc. (NASDAQ:RIOT) went down by -8.68% from its latest closing price in the last five trading sessions compared to its recent 1-year high of $23.66. Over the last five trading sessions, the stock price of the company has gained 8.06% of its value. It was reported by Trade Algo on 02/05/22 that Bitcoin has risen over $41,000 as cryptocurrencies have regained strength in recent weeks.

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What is Riot Blockchain Inc.'s (NASDAQ :RIOT) current value?

Additionally, RIOT has a beta value of 4.23 for the 36 months prior to the present time. Based on the opinions of the stock analysts, it is interesting to note that 9 analysts out of 10 who rated Riot Blockchain Inc. declared the stock to be a "buy," while 0 rated it as "overweight," 1 rated it as "hold," and 0 rated it as a "sell."

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Analysts have predicted that the price of the stock will rise to $9.70, which is $2.69 more than the current price. RIOT currently has a public float of 154.75M and shorts control 18.43% of that float out of the 154.75M currently available. Today, an average of 13.50 million shares were traded on the exchange for RIOT on a daily basis.

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Market Performance of RIOT

This week, RIOT stocks were up by 8.06 percent, with a monthly gain of 76.29% and a quarterly gain of 16.52%, while its annual performance rate was -56.07% for the week. It has been noted that Riot Blockchain Inc. has a volatility ratio for the week of 12.28%, whereas the volatility levels for the past 30 days have been set at 12.25%. For RIOT stocks, the simple moving average for the period of the last 20 days is 15.40%, whereas for the last 200 days, the simple moving average for the period of the last 200 days is 6.27%.

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Opinions of Analysts on RIOT

A number of brokerage firms have already submitted their reports on RIOT stocks, with H.C. Sterne Agee repeating the rating of RIOT by listing it as a "buy." According to H.C. Sterne Agee, the predicted price for RIOT in the upcoming period, according to H.C. Sterne Agee is $10, based on the research report published on November 23rd of the previous year 2022.

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Meanwhile, Wells Fargo, in their research note, stated that they expect to see RIOT reach a price target of $7 by the end of the year. In accordance with the report published on September 29th, 2022, the rating they have assigned to RIOT stocks is "Equal Weight" according to the ratings they have provided.

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As reported in the report published on June 28th of the previous year, Compass Point gave a rating of "Buy" to RIOT, setting a target price of $14 for the stock.

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RIOT is Trading at 42.63% below its 50-Day Moving Average

As a result of a stumble in the market that brought the price of RIOT to its lowest level for the last 52 weeks, the company has been unable to rebound, and as a result it has ended the year with a loss of -71.09%.

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In the last 30 days, the volatility rate for shares had been left at 12.25%, however, the volatility rate for shares had increased by 12.28%, as shares surged by +62.09% for the moving average over the last 20 days. Presently, in opposition to the stock, it has been trading at a +71.86% higher level over the past 50 days.

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In the last five trading sessions, Riot Blockchain Inc. rose by +8.06%, which changed the moving average for the period of 200-days by -54.03% when compared with the 20-day moving average, which settled at $6.06. The company has also seen an overturn of 101.77% over a single year, with a tendency to cut gains further in the future.

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Insider Trading

There are reports that there have been more than several insider trading activities at RIOT, beginning with a sale of 26,000 shares at a price of $6.39 made by D’Ambrosio Lance Varro back on January 17th. With this action, D'Ambrosio Lance Varro now owns 69,441 shares of Riot Blockchain Inc., which is valued at $166,101 according to the latest closing price of the company.

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The CEO and General Counsel of Riot Blockchain Inc., Jackman William Richard, recently sold 25,000 shares at $4.00 during a trade that took place back on Dec 15, which means that Jackman William Richard currently holds 1,018,389 shares at $100,000 based on the most recent closing price of the stock.

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RIOT Stock Fundamentals

The company is currently profitable at the following levels:

• Operating margin is currently 8.16
• Gross margin of +49.16

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In terms of the net margin for Riot Blockchain Inc., it stands at -3.72. Riot Blockchain Inc.'s equity return is now at -23.90, while its asset return is at -21.30 at the current time.

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A liquidity ratio of 5.22 is also quite interesting for investors, as it seems to be a rather interesting ratio for them.