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Wednesday, February 8, 2023

Taking On Challenges And Growing? – Riot Blockchain Inc. (RIOT)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Riot Blockchain Inc. (RIOT) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.16, or -2.61%, to $5.98. The Riot Blockchain Inc. has recorded 555,273 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Riot Announces December 2022 Production and Operations Updates.

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Stocks Info

This NASDAQ-listed company operates within the Software – Application industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $6.14 and fluctuated between $6.62 as its day high and $6.11 as its day low. The current market capitalization of Riot Blockchain Inc. is $957.66M. A total of 21.08 million shares were traded on the day, compared to an average of 12.83M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, RIOT has seen 0 BUY and 5 SELL insider trades, representing the acquisition of 0 and the disposition of 157,551 shares. Over the last 12 months, there were 55 BUYs and 36 SELLs from insiders. Insiders purchased 11,460,274 shares during that period but sold 700,469.

In the most recent transaction, D’Ambrosio Lance Varro sold 26,000 shares of RIOT for 6.39 per share on Jan 17. After the transaction, the Director now owns 69,441 company shares. In a previous transaction on Dec 15, Jackman William Richard sold 25,000 shares at 4.00 per share. RIOT shares that EVP & General Counsel owns now total 1,018,389.

Among the insiders who sold shares, Harris Chad Everett disposed of 75,565 shares on Dec 07 at a per-share price of $4.15. This resulted in the EVP, CCO holding 984,942 shares of RIOT after the transaction. In another insider transaction, D’Ambrosio Lance Varro sold 26,000 shares at $6.97 per share on Oct 31. Company shares held by the Director now total 95,441.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. RIOT’s most recent ex-dividend date was 10/12/2017 when it declared a $1.00 quarterly dividend that was paid in cash on 10/18/2017.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for RIOT in the last 3 months, the mean price target is $10.00 with high estimates of $15.00 and low estimates of $5.00. In terms of 52-week highs and lows, RIOT has a high of $23.66 and a low of $3.25.

As of this writing, RIOT has an earnings estimate of -$0.02 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.07 per share and a lower estimate of -$0.12. The company reported an EPS of $0.3 in the last quarter, which was 2,900.00% higher than expectations of $0.01.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 10 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RIOT is Hold with a score of 4.78. A total of 9 analysts rated the stock as Buy while 0 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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