Riot Blockchain, Inc. (RIOT) Stock Movements -0.62%: What You Should Know
Riot Blockchain, Inc. (RIOT) closed the last trading day at $ 4.84, moving -0.62% from the previous trading session. This change was narrower than the S&P 500’s loss of 0.92% on the day. At the same time, the Dow lost 0.62%, and the technology-heavy Nasdaq rose 0.05%.
On the way to today, the company’s shares had risen 4.73% in the last month, surpassing the Business Services sector’s loss of 1.18% and the S&P 500’s loss of 1% at that time.
Riot Blockchain, Inc. will try to show strength as it approaches its next results release. The company is expected to report an EPS of $ 0.10, down 23.08% from the previous quarter. Our latest consensus estimate requires quarterly revenue of $ 84.6 million, up 146.27% from the previous year.
For the full year, our Zacks Consensus Estimates estimate earnings of $ 0.68 per share and earnings of $ 364.3 million, which will represent changes of + 13.33% and + 70.84% from the previous year, respectively.
It is also important to note the recent changes in analyst estimates for Riot Blockchain, Inc. Recent revisions tend to reflect recent business trends in the short term. As such, positive estimate revisions reflect analyst optimism about the company’s operations and profitability.
Based on our research, we believe that these estimate revisions are directly related to stock movements near the team. We developed Zacks Rank to take advantage of this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable assessment model.
The Zacks Rank system, which ranges from # 1 (strong buy) to # 5 (strong sell), has an impressive externally audited track record, with # 1 stocks generating an average annual return of + 25% since 1988. Zacks Consensus EPS estimate has moved 41.3% lower in the last month. Riot Blockchain, Inc. currently has a Zacks ranking as # 3 (Hold).
Investors should also note Riot Blockchain, Inc.’s current valuations, including its Forward P / E ratio of 7.18. This valuation marks a discount compared to the industry average Forward P / E of 20.13.
The technology services industry is part of the business services sector. This industry currently has a Zacks Industry Rank of 153, which places it in the bottom 40% of all 250+ industries.
Zacks Industry Rank measures the strength of our industry groups by measuring the average Zacks ranking of the individual stocks in the groups. Our research shows that the 50% ranked industries surpass the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock calculations, and many more, at Zacks.com.
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