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

Riot Platforms (NASDAQ:RIOT), a vertically integrated Bitcoin mining company, has received mixed analyst ratings over the past quarter, with 2 bullish and 4 somewhat bullish ratings. The average 12-month price target is $19.18, up from the previous $18.75. Analysts from firms like Cantor Fitzgerald, Roth MKM, HC Wainwright & Co., and Bernstein have maintained or raised their price targets, reflecting a positive outlook on the company's performance. Despite a strong market capitalization and exceptional ROE, Riot Platforms faces challenges with a net margin of -87.35% and an ROA of -3.22%, indicating profitability issues.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 2:01 pm

Cantor Fitzgerald analyst Josh Siegler has reiterated an Overweight rating on Riot Platforms (NASDAQ:RIOT) and maintained a $19 price target for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 1:53 pm

Over the past 5 years, Riot Platforms (NASDAQ:RIOT) has significantly outperformed the market, with an average annual return of 45.68%. A $100 investment in RIOT 5 years ago would be worth $656.05 today. Riot Platforms currently has a market cap of $2.13 billion. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 8:30 pm

Over the past 5 years, Riot Platforms (NASDAQ:RIOT) has produced an average annual return of 46.84%, outperforming the market by 34.32% on an annualized basis. A $1000 investment in RIOT 5 years ago would be worth $6,828.03 today. Riot Platforms currently has a market capitalization of $2.25 billion.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 4:34 pm

Shares of miners and crypto-related stocks are down following SEC approval of spot Bitcoin ETFs, indicating market volatility in the sector. This includes companies like Coinbase (COIN), Robinhood (HOOD), Riot Blockchain (RIOT), MicroStrategy (MSTR), Marathon Digital Holdings (MARA), Bitdeer Technologies Holding Company (BTDR), Cleanspark (CLSK), HIVE Blockchain Technologies (HIVE), Hut 8 Mining (HUT), and Wulf Blockchain (WULF).

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 5:05 pm

Delta Air Lines, Inc. (NYSE:DAL) reported Q4 FY23 results with operating revenue growth of 5.9% Y/Y to $14.22 billion and adjusted EPS of $1.28, beating consensus. Despite this, DAL shares fell 7.9%. Other stocks also moved lower, including United Airlines (NASDAQ:UAL) and American Airlines (NASDAQ:AAL), which dropped in sympathy with Delta. Various other stocks across different sectors also recorded losses on Friday.

Portfolio Pulse from Avi Kapoor

January 12, 2024 | 3:39 pm

Bitcoin mining stocks and other crypto-related companies are experiencing a decline following the SEC's approval of several spot Bitcoin ETFs. The SEC's approval, while a milestone, was not an endorsement of Bitcoin, as clarified by SEC chair Gary Gensler. This has likely contributed to the drop in crypto stocks as the ETFs provide a new investment avenue for Bitcoin exposure, potentially reducing demand for stocks like Marathon Digital Holdings, Riot Platforms, and CleanSpark. Additionally, the ETFs could pose a threat to crypto exchanges such as Coinbase Global and Robinhood Markets, which offer direct crypto asset investment services.

Portfolio Pulse from Adam Eckert

January 11, 2024 | 8:53 pm

Shares of miners and crypto-related stocks are down due to volatility after the SEC approved spot Bitcoin ETFs.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 5:33 pm

In Thursday's intraday session, several information technology stocks experienced significant movements. Gainers included LAES, TGAN, SPEC, WKEY, EMKR, and SAI with increases ranging from 14.41% to 43.0%. On the losing side, RELL, PBTS, MARA, RIOT, AAOI, and MTC saw declines between 14.93% and 20.1%. Notably, RELL's drop followed their Q2 earnings release.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 5:30 pm

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 2:26 pm

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