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

Shares of Bitcoin mining stocks Marathon Digital Holdings Inc (MARA), Riot Platforms Inc (RIOT), and CleanSpark Inc (CLSK) are trading higher amid a broader cryptocurrency market rally. Bitcoin and Ethereum have reached significant price levels, with Bitcoin hitting its highest since December 2021 and Ethereum crossing $3,000. CleanSpark's better-than-expected quarterly results have contributed to the momentum in mining stocks. Riot and Marathon are expected to report their earnings soon, with specific expectations for their financial performance.

Portfolio Pulse from Adam Eckert

February 20, 2024 | 2:18 pm

Smart money investors have shown a bearish stance on Riot Platforms (NASDAQ:RIOT), with options trading activity indicating a split sentiment of 40% bullish and 60% bearish. Significant trading in RIOT options has been detected, with a notable volume and open interest in options within a strike price range of $10.0 to $20.0. The company, a vertically integrated Bitcoin mining firm, has seen its stock price increase by 0.73% to $16.65, with analysts giving mixed reviews and target prices ranging from $18 to $19.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 3:03 pm

The U.S. stock market saw gains with the Dow Jones, S&P 500, and Nasdaq all closing higher. Coinbase, Marathon Digital Holdings, Riot Platforms, QuantumScape, and Tesla were among the top stocks gaining attention due to various factors including Bitcoin's rally, anticipated earnings, and technological advancements.

Portfolio Pulse from Benzinga Neuro

February 15, 2024 | 2:22 am

U.S. stocks rebounded with the S&P 500 and Nasdaq 100 up by 0.4% and 0.5% respectively, driven by positive corporate earnings. The iShares Russell 2000 ETF (IWM) saw a significant rally of 1.7%. Bitcoin surpassed a $1 trillion market value. In the commodities market, U.S. natural gas prices dropped. Notable stock movements included Uber Technologies Inc. (UBER) and Akamai Technologies Inc. (AKAM) due to their earnings reports. Other companies like MGM, IQVIA, Charler River Laboratories, Kraft Heinz, Welltower, Airbnb, Lyft, and QuidelOrtho also reacted to earnings. Crypto-related stocks such as Coinbase, Marathon Digital, and Riot Platforms saw rallies.

Portfolio Pulse from Piero Cingari

February 14, 2024 | 6:51 pm

Shares of Bitcoin miners Marathon Digital Holdings, Inc. (MARA) and Riot Platforms, Inc. (RIOT) are trading higher as Bitcoin surpasses $51,000, approaching $52,000. The rise is attributed to Bitcoin reclaiming $1 trillion in market cap, approval of Bitcoin ETFs, institutional purchases, and anticipation of the Bitcoin halving event. Needham analyst John Todaro maintained a Buy rating on RIOT but lowered the price target from $19 to $18.

Portfolio Pulse from Erica Kollmann

February 14, 2024 | 4:09 pm

Charles River Laboratories International, Inc. (CRL) reported better-than-expected Q4 results, leading to a 7.2% stock increase. Other companies like Lyft, Healthcare Services Group, and Robinhood also saw significant gains after reporting positive financial results or developments. The overall market sentiment was positive, with the Dow Jones index rising over 100 points.

Portfolio Pulse from Avi Kapoor

February 14, 2024 | 3:36 pm

Shares of crypto-related stocks are trading higher due to an increase in Bitcoin's value. This includes companies across various sectors within the cryptocurrency industry.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 2:20 pm

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 5:14 pm

Analyst ratings for Riot Platforms (NASDAQ:RIOT) show varied perspectives, with recent actions including both upgrades and downgrades. The average 12-month price target is $19.58, reflecting a 3.98% increase from the previous target. Riot Platforms, a Bitcoin mining company, shows a positive revenue trend but faces challenges in profitability and returns. Its market capitalization is above industry averages, yet its net margin, ROE, and ROA lag behind, indicating potential financial performance issues.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 12:00 pm

Needham analyst John Todaro maintains a Buy rating on Riot Platforms (NASDAQ:RIOT) but lowers the price target from $19 to $18.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 11:58 am

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