Riot Blockchain is mining almost 200 Bitcoins per month according to an update for investors yesterday. Furthermore, the company's holding 1,565 Bitcoins currently -- worth almost $100 million and rising as the price of Bitcoin goes up. This is why the stock is up today.
Full Answer
Why is riot blockchain stock up today?
Apr 13, 2021 · Shares of cryptocurrency miner Riot Blockchain ( RIOT -2.08% ) were seeing volatility on Tuesday morning. The stock was up 7% as of 10:30 a.m. EDT. It's trading higher because Bitcoin ( BTC 0.77% )...
What are analysts'price targets for riot blockchain's stock?
Jul 05, 2021 · What happened. Shares of cryptocurrency mining company Riot Blockchain ( RIOT 10.12% ) were up 38.8% in June, according to data provided by S&P Global Market Intelligence. It's important to note ...
What will happen to the price of riots at 50k?
Find the latest Riot Blockchain, Inc. (RIOT) stock discussion in Yahoo Finance's forum. Share your opinion and gain insight from other stock traders and investors.
Is riot a good long-term investment?
Apr 13, 2021 · But Riot Blockchain is having a hard time staying up, perhaps because of something said by a former short-seller. So what Right before 8 a.m. EDT, the price of Bitcoin surpassed $63,000 for the ...
Is RIOT a good stock to buy now?
Riot Blockchain's analyst rating consensus is a 'Strong Buy.
What is RIOT stock prediction?
Stock Price Forecast The 9 analysts offering 12-month price forecasts for Riot Blockchain Inc have a median target of 45.00, with a high estimate of 50.00 and a low estimate of 30.00. The median estimate represents a +200.60% increase from the last price of 14.97.
Is RIOT stock a good long term investment?
RIOT Stock Fundamental Are Not Yet an Asset The first being to hold the shares for a long term. For that purpose, now is a fine time to start averaging in. The second is to trade the technical levels shorter term. That matter may require a bit of homework but it will be worth it.Dec 15, 2021
What will RIOT be worth in 2025?
The algorithm-based forecasting service projects a closing price in December 2023 of $66.68, rising to $72.80 by December 2025. A RIOT stock five-year forecast returns a projection of $32.25 through to January 2027.Jan 25, 2022
Is RIOT Blockchain Buy or sell?
Riot Blockchain has received a consensus rating of Buy. The company's average rating score is 2.88, and is based on 7 buy ratings, 1 hold rating, and no sell ratings.
Does riot pay a dividend?
RIOT BLOCKCHAIN (NASDAQ: RIOT) does not pay a dividend.
Is RIOT a cryptocurrency?
Riot Blockchain, Inc. operates as a digital currency company. The Company focuses on buying cryptocurrency and blockchain businesses, as well as supports blockchain technology companies.
Is it a good time to buy Riot Blockchain?
Is Riot Blockchain, Inc stock A Buy? Riot Blockchain, Inc holds several positive signals and despite the stock being in a falling trend, we considered it to be a good choice at these current levels. We expect Riot Blockchain, Inc stock will perform very well in the next 3 months.
Is RIOT profitable?
Although Riot Blockchain is not yet profitable, it seems to be on a glide path for this. It reported a net loss of $15.3 million for Q3. However, with its newer Bitcoin mining machines, which are more efficient, the company should be able to move to net profits soon.Nov 22, 2021
Is RIOT blockchain a good investment in 2022?
The company forecasts that it will increase production by about 50% by the end of 2022 due to investments in additional ASIC miners. Its mining operations as a whole are very efficient. Its hash rate is very good, which is the determining factor in how much mining companies will get paid for their efforts.
What will RIOT blockchain be worth in 2022?
Target values for the price of one Riot Blockchain share for Nov 2022. The weighted average target price per Riot Blockchain share in Nov 2022 is: 17.88.
How much will RIOT blockchain be worth in 2022?
Riot Blockchain Inc quote is equal to 16.200 USD at 2022-02-28. Based on our forecasts, a long-term increase is expected, the "RIOT" stock price prognosis for 2027-02-17 is 22.695 USD. With a 5-year investment, the revenue is expected to be around +40.09%. Your current $100 investment may be up to $140.09 in 2027.
Is Riot Blockchain a buy right now?
8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Riot Blockchain in the last year. There are currently 1 hold rati...
When is Riot Blockchain's next earnings date?
Riot Blockchain is scheduled to release its next quarterly earnings announcement on Wednesday, March 30th 2022. View our earnings forecast for Rio...
How were Riot Blockchain's earnings last quarter?
Riot Blockchain, Inc. (NASDAQ:RIOT) released its quarterly earnings results on Monday, November, 15th. The technology company reported ($0.16) EPS...
What price target have analysts set for RIOT?
8 Wall Street analysts have issued 12-month target prices for Riot Blockchain's shares. Their forecasts range from $30.00 to $53.00. On average, th...
Who are Riot Blockchain's key executives?
Riot Blockchain's management team includes the following people: Mr. Soo Li Yi , Exec. Chairman (Age 39, Pay $100.5k) Mr. Jason Les , CEO & Non...
Who are some of Riot Blockchain's key competitors?
Some companies that are related to Riot Blockchain include Playtika (PLTK) , Change Healthcare (CHNG) , TELUS International (Cda) (TIXT) , Five...
What other stocks do shareholders of Riot Blockchain own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Riot Blockchain investors own include NVIDIA (NVDA) , Adv...
What is Riot Blockchain's stock symbol?
Riot Blockchain trades on the NASDAQ under the ticker symbol "RIOT."
Who are Riot Blockchain's major shareholders?
Riot Blockchain's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (4.92%...
What happened
Shares of cryptocurrency miner Riot Blockchain ( RIOT -2.44% ) were seeing volatility on Tuesday morning. The stock was up 7% as of 10:30 a.m. EDT. It's trading higher because Bitcoin ( BTC 1.02% ) hit an all-time high today. But Riot Blockchain is having a hard time staying up, perhaps because of something said by a former short-seller.
So what
Right before 8 a.m. EDT, the price of Bitcoin surpassed $63,000 for the first time, according to CoinDesk. For perspective, it was at about $6,800 at this time last year. Riot Blockchain is mining almost 200 Bitcoins per month according to an update for investors yesterday.
Now what
On one hand, Citron Research makes a fair point. Consider that Riot Blockchain held 1,078 Bitcoins on Dec. 31, 2020. It mined 491 Bitcoins in the first quarter and currently holds 1,565, implying it only sold four Bitcoins in Q1. This means the company is largely funding operations through financing and primarily mining Bitcoin in order to hold.
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What is Riot's deal with Mogo?
Early in June, Riot Blockchain stock soared on news of its deal with Mogo ( NASDAQ:MOGO), a fintech company based in Canada. In short, Riot gave its stake in cryptocurrency exchange Coinsquare to Mogo in exchange for a stake of Mogo. According to terms of the deal, it now has almost 3.2 million shares of Mogo, valued at around $23 million.
How many bitcoins did Riot mine in 2021?
Later in June, Riot Blockchain updated shareholders with its mining results. In May, the company mined 227 Bitcoin tokens. And for 2021, it has mined 924 tokens, more than double what it had mined through the first five months of 2020.
Is Bitcoin down 7%?
It's important to note that the company mines Bitcoin ( CRYPTO:BTC) and the price of Bitcoin was actually down 7% in June. However, the company was able to overcome this headwind with some important updates and by scoring positive comments from Wall Street analysts.
Is Riot Blockchain bullish?
As previously mentioned, analysts were bullish on Riot Blockchain stock in Ju ne. For example, a Compass Point analyst started covering the stock during June, giving it a $43 price target, according to The Fly. However, this analyst was more intrigued by the company's May acquisition of Bitcoin miner Whinestone. Riot Blockchain will try to leverage Whinestone's energy management expertise as it continues increasing its computing power to mine more Bitcoin.
What happened
Shares of cryptocurrency miner Riot Blockchain (NASDAQ: RIOT) were seeing volatility on Tuesday morning. The stock was up 7% as of 10:30 a.m. EDT. It's trading higher because Bitcoin (CRYPTO: BTC) hit an all-time high today. But Riot Blockchain is having a hard time staying up, perhaps because of something said by a former short-seller.
So what
Right before 8 a.m. EDT, the price of Bitcoin surpassed $63,000 for the first time, according to CoinDesk. For perspective, it was at about $6,800 at this time last year. Riot Blockchain is mining almost 200 Bitcoins per month according to an update for investors yesterday.
Now what
On one hand, Citron Research makes a fair point. Consider that Riot Blockchain held 1,078 Bitcoins on Dec. 31, 2020. It mined 491 Bitcoins in the first quarter and currently holds 1,565, implying it only sold four Bitcoins in Q1. This means the company is largely funding operations through financing and primarily mining Bitcoin in order to hold.
Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development.
Support, Risk & Stop-loss
Riot Blockchain, Inc finds support from accumulated volume at $16.57 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
Is Riot Blockchain, Inc stock A Buy?
Riot Blockchain, Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Insiders are very negative
In the last 1 trades there were . The last trade was done 19 046 days ago by who bough 0 shares.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star. This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.
What Does Riot Blockchain Do?
Riot Blockchain Inc [NASDAQ: RIOT] is a digital currency company that invests in cryptocurrencies and blockchain-based businesses with the intent of growing out the underlying technologies and platforms.
Is Riot Blockchain a Buy?
Let’s start with a positive note: On the 1-year chart, RIOT is trending upward after double-bottoming which indicates buying pressure even when sell signals exist.
What are the Risks of Buying Riot Blockchain?
Shares of Riot Blockchain Inc have held close to their bottom valuation without showing any further fallout to the downside, suggesting this upward movement could continue.
Riot Blockchain Stock Forecast: Summary
As it stands now, RIOT stock appears to be a relatively solid long-term investment for anyone looking for exposure in blockchain investing. The potential downside is limited—stop losses are easy to figure out if desired—while the upward potential is substantial.
