The trading price of Riot Blockchain Inc. (NASDAQ:RIOT) floating lower at last check on Tuesday, September 21, closing at $27.50, -0.13% lower than its previous close.

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Traders who pay close attention to intraday price movement should know that it has been fluctuating between $26.8712 and $28.39. The company’s P/E ratio in the trailing 12-month period was 82.43, while its 5Y monthly beta was 4.44. In examining the 52-week price action we see that the stock hit a 52-week high of $79.50 and a 52-week low of $2.35. Over the past month, the stock has lost -14.18% in value.

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Riot Blockchain Inc., whose market valuation is $2.65 billion at the time of this writing, is expected to release its quarterly earnings report Nov 08, 2021 – Nov 12, 2021. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.24 per share this quarter, however they have predicted annual earnings per share of $0.87 for 2021 and $1.44 for 2022. It means analysts are expecting annual earnings per share growth of 390.00% this year and 65.50% next year.

Analysts have forecast the company to bring in revenue of $65.35 million for the current quarter, with the likely lows of $53.63 million and highs of $84.8 million. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $215.26 million. The company’s revenue is forecast to grow by 1,681.80% over what it did in 2021.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Riot Blockchain Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest RIOT has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.

Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned RIOT a recommendation rating is 5. Out of them, 0 rate it a Hold, while 5 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Riot Blockchain Inc. (RIOT) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 4.12, which symbolizes a positive outlook. A quick review shows that RIOT’s price is currently -17.43% off the SMA20 and -15.80% off the SMA50. The RSI metric on the 14-day chart is currently showing 34.27, and weekly volatility stands at 4.83%. When measured over the past 30 days, the indicator reaches 6.40%. Riot Blockchain Inc. (NASDAQ:RIOT)’s beta value is currently sitting at 4.47, while the Average True Range indicator is currently displaying 2.22. With analysts defining $45.00-$82.00 as the low and high price targets, we arrive at a consensus price target of $54.40 for the trailing 12-month period. The current price is about -63.64% off the estimated low and -198.18% off the forecast high, based on this estimate. Investors will be thrilled if RIOT’s share price rises to $50.00, which is the median consensus price. At that level, RIOT’s share price would be -81.82% below current price.

To see how Riot Blockchain Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: RIOT stock’s performance was -0.13% at last check in today’s session, and 802.62% in the past year, while Chembio Diagnostics Inc. (CEMI) has been trading 1.76% in recent session and positioned -45.06% lower than it was a year ago. Riot Blockchain Inc. has a P/E ratio of 82.43. Also during today’s trading, the S&P 500 Index has surged 0.54%, while the Dow Jones Industrial also saw a positive session, up 0.59% today.

An evaluation of the daily trading volume of Riot Blockchain Inc. (NASDAQ:RIOT) indicates that the 3-month average is 9.86 million. However, this figure has increased over the past 10 days to an average of 8.65 million.

Currently, records show that 88.68 million of the company’s shares remain outstanding. The insiders hold 7.90% of outstanding shares, whereas institutions hold 29.50%. The stats also highlight that short interest as of Aug 30, 2021, stood at 16.78 million shares, resulting in a short ratio of 1.59 at that time. From this, we can conclude that short interest is 17.49% of the company’s total outstanding shares. It is noteworthy that short shares in August were down slightly from the previous month’s figure, which was 18.7 million. However, since the stock’s price has seen 62.04% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.