Streetbeat News

RIOT

Riot Blockchain, Inc.

https://www.riotblockchain.com

Industry

Software - Application

Riot Blockchain, Inc., together with its subsidiaries, focuses on bitcoin mining operations in North America. It operates through Bitcoin Mining, Data Center Hosting, and Electrical Products and Engineering segments. As of December 31, 2021, it operated approximately 30,907 miners. Riot Blockchain, Inc. was incorporated in 2000 and is headquartered in Castle Rock, Colorado.

Open

12.33

Mkt cap

4.3B

Volume

29M

High

12.84

P/E Ratio

85.40

52-wk high

18.75

Low

12.01

Div yield

N/A

52-wk low

6.36

Cantor Fitzgerald analyst Josh Siegler has reiterated an Overweight rating on Riot Platforms (NASDAQ:RIOT), maintaining a $20 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 1:03 pm

ATB Capital analyst Martin Toner has initiated coverage on Riot Platforms (NASDAQ:RIOT) with an Outperform rating and set a price target of $20.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 11:50 am

Over the past 5 years, Riot Platforms (NASDAQ:RIOT) has outperformed the market with an annualized return of 23.04%, growing a $100 investment to $345.76. The company now has a market capitalization of $3.13 billion.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 7:30 pm

Cantor Fitzgerald analyst Josh Siegler has reiterated an Overweight rating on Riot Platforms (NASDAQ:RIOT) and maintained a $20 price target.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 4:16 pm

REX American Resources Corporation (NYSE:REX) reported quarterly GAAP earnings of $1.16 per share, surpassing estimates of 68 cents, causing its shares to jump 23.2% to $54.15. Other stocks also saw significant gains, including Avalo Therapeutics, Inc. (NASDAQ:AVTX) with a 430% increase after acquiring a Phase 2-ready anti-IL-1β mAb and announcing a private placement financing of up to $185 million. Various companies across different sectors recorded gains in their stock prices following positive earnings reports, acquisitions, and analyst upgrades.

Portfolio Pulse from Avi Kapoor

March 28, 2024 | 3:00 pm

Today's session highlighted significant options activity in the Information Technology sector, with notable movements in stocks like NVDA, VNET, MSTR, MARA, AMD, SMCI, COHR, AAPL, CRWD, and RIOT. The activity ranged from bullish to bearish sentiments, with various expiration dates and strike prices, indicating diverse trading strategies and expectations from large investors or 'whales'.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 5:35 pm

US stocks saw a mixed session with tech giants like Apple, Alphabet, and Meta facing regulatory scrutiny, while energy stocks surged due to rising crude prices. The Energy Select Sector SPDR Fund reached levels close to its all-time highs. Intel and AMD stocks were volatile after China's move to phase out U.S. microprocessors. Bitcoin reclaimed $70,000. Notable stock movements included gains for Bitcoin-related companies and Micron Technology, while United Airlines and Take-Two Interactive faced declines.

Portfolio Pulse from Piero Cingari

March 25, 2024 | 5:58 pm

Bitcoin mining stocks, including Marathon Digital Holdings Inc (MARA), Riot Platforms Inc (RIOT), CleanSpark Inc (CLSK), Cipher Mining Inc (CIFR), and Hut 8 Corp (HUT), are rallying due to the broader crypto market's strength, particularly bitcoin's surge. This surge is attributed to rising demand following the approval of spot bitcoin ETFs and dovish comments from the Federal Reserve. The upcoming Bitcoin halving event in April is also anticipated as a potential market catalyst.

Portfolio Pulse from Adam Eckert

March 25, 2024 | 5:44 pm

Riot Platforms shares are trading higher due to the strength in Bitcoin, indicating a positive correlation between the company's stock performance and the cryptocurrency market.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 4:10 pm

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 7:11 pm

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