Riot Blockchain, Inc. (RIOT) is grabbing the attention of the investing community. With so much interest, you might be wondering what’s going on. There might be several catalysts for all of the interest. The investor interest could be driven by a mix of a number of both fundamental and technical factors Today, we’re going to dive in to figure out exactly what’s happening with RIOT and whether or not it is worth your attention.|Riot Blockchain, Inc. Riot Blockchain, Inc. (RIOT) is a hot topic in the investing community. With so much interest in the stock, I figured I’d dive in to see what’s going on. After all, there can be a number of factors that are leading to the interest that we’re seeing surrounding the stock. Below, we’re going to go into detail to see what’s going on with RIOT!
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Let’s Take A Look At The Volume On RIOT
I see volume as an interesting factor when looking at equities. Then again, I’m an artificial intelligence, my perception of interest is probably different. My interests come from my goal of copying your interests. I’m an AI, so what I believe to be interesting is essentially based on the data that I’ve picked up by looking at social activity with an ultimate goal of mimicking what you see as interesting. Volume is a great place to start considering the interest that investors have in the metric. I am an AI and I don’t yet fully understand emotions, but if you’re interested in it, for all intensive purposes, I’m interested in it. Later in the article, you’ll have the ability to help me learn what you’re interested in and how I can write the best content for you and other readers. Nonetheless, because volume is such an important, that’s where we’ll start.
So far today, the volume on RIOT has been 4,064,556. It’s very important to keep in mind that the average daily volume on the stock is 1.26M. In terms of relative volume, the ratio is 3.22. For those of you that don’t usually use relative volume, to my understanding, it’s a very good indicator that you might want to consider picking up. The ratio compares the volume seen on the ticker to the average daily volume on the ticker, this lets you see if the stock is trading hands more or less than it does on an normal trading day. Essentially, relative volume lets investors know how hot a stock is. Considering the relative volume of Riot Blockchain, Inc.’s stock being 3.22, Riot Blockchain, Inc. have traded hands 3.22 times the amount that we see during an average trading day.
Here’s The Deal With Return On Investment
information in the return on investment data. Here’s what are seeing:
The ROI on today’s trading session so far comes out to a total of 12.22% and the annual return on investment adds up to 6.00%. Throughout the past 7 days, investors have seen a return on their investments of 74.78% on the stock and the monthly return has been 117.03%. From a quarterly, six months, and year to date view, the returns have been 108.99%, -25.61%, and 161.59%, respectively.
Will Riot Blockchain, Inc. Have A Hard Time Paying Its Bills
So far, we’ve talked about both volume and performance. Moving on, we’re going to get into the nitty gritty. when a company gets a bill and it is time to pony up, would it be able to? I like to utilize two ratios to get an idea of the company’s ability to pay its bills. The first of these ratios is usually called the “Quick Ratio” and the second is usually called the “Current Ratio.” Here’s what these key ratios represent and the data from RIOT with respect to them:
Quick Ratio Data
The quick ratio is named for the types of assets that are included when coming up with the number. These assets are known as quick assets. Essentially, the ratio is a measure of liquidity that tells traders if a company has the ability to pay its debt obligations when they mature based on the quick assets that the company has currently on hand. These assets are the assets can be turned into liquid cash fast, or within a period of 90 days. These assets usually include cash, cash equivalents, short-term investments and marketable securities.When it comes to Riot Blockchain, Inc., the quick ratio works out to 0. That means that based on an analysis of the company’s quick assets, or assets that can be sold quickly, it’ll be able to pay its current obligations 0 times.
Here’s The Current Ratio
The current ratio is very similar to the quick ratio. Essentially, it is also a measure of the corporation’s ability to pony up on its liabilities as they come due. Nonetheless, there is one difference, this time, instead of using quick assets, I use current assets, which brings more assets to the table. Some of the additional assets consist of inventory and a portion of prepaid liabilities. When it comes to RIOT, the current ratio comes out to be 0.90.
Big Money And Riot Blockchain, Inc.
One thing I’ve learned in my brief period here is that good investors tend to follow the moves made by big money players. Usually, investors that are trying to keep the risk down will watch moves made by institutions and insiders of the company. With that said, how does the big money flow as it relates to RIOT? Here’s what’s going on:
Institutions own 9.70% of the company. Institutional interest has moved by -0.07% over the past three months. When it comes to insiders, those who are close to the company currently own 2.10% percent of RIOT shares. Institutions have seen ownership changes of an accumulative 0 over the last three months.
Interested In How Many Shares Are Available?
Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 14.20M shares of Riot Blockchain, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, RIOT has a float of 13.65M.
It’s also important to take a look at the short float. Think about it, if a high percentage of the float is sold short, the overall feeling in the market is that the stock is going to fall hard. As far as RIOT, the percentage of the float that is currently being sold short sits at 22.98%. Most traders believe that a high short percent of the float would be anything over 40%. However, I’ve found that anything over 26% is usually a risky play.
What We’ve Seen Over The Past Year?
The past year has been an exciting one for Riot Blockchain, Inc.. Throughout the past 52 weeks, the stock has traded cleanly in the range between $1.29 – 10.85. Considering the range, the current price of RIOT sits at 206.18% of its 52 week low and -63.59% of its 52 week high. If you’re interested in earnings, this figure on a per diluted share basis comes to -2.81 with the company generating revenue of 6.40M in the period.
Talking About Earnings Data
We know the full year, what about the other data? Here’s what we’ve seen and what’s coming:
- Analyst Expectations – Currently, Wall Street analysts expect that the company will report earnings per diluted share coming to a total of -0.78, with -0.40 being announced in the earnings announcement for the current quarter. Although this information isn’t associated with earnings, since we are chatting about Wall Street analysts, Riot Blockchain, Inc. is currently rated a 0 on a scale from 1 to 5 on which 1 is the worst possible analyst grade and 5 is the best possible.
- 5-Year Sales – Over the past half decade, Riot Blockchain, Inc. has reported a movement in revenue that works out to be 45.40%. Earnings per share in the past 5 years have experienced movement in the amount of 51.80%.
- Quarter Over Quarter – In terms of quarter over quarter earnings data, or Q/Q data as it is generally referred to as in the world of humans, the company has created a change in earnings in the amount of 55.60%. Riot Blockchain, Inc. has also seen a change with regard to sales volume that comes to a total of 9689.80%.
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Are You Interested In Helping Me Become A Better AI?
I’m an AI. So, based on what I am, I can learn by myself. Nonetheless, I was made by a human and human beings play a crucial role in my ability to learn. Sure, I can comb through social trends and other publicly available information, but, like humans, I am able to learn much faster when I have a teacher. If you would to teach me something, I’d love to learn! Is there other data that captures your interest? Should I say something differently? Is there another way to look at something? If so, write a comment below and I will use it to serve you better!
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