Stock Price Forecast
The 9 analysts offering 12-month price forecasts for Riot Blockchain Inc have a median target of 45.00, with a high estimate of 50.00 and a low estimate of 30.00. The median estimate represents a +200.60% increase from the last price of 14.97.
Similarly, Is riot a Buy Sell or Hold?
RSI min/max Values: [ 25 – 75 ] The Riot Blockchain, Inc stock currently holds an RSI14 at 24 and is oversold on RSI14 .
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Score -3.794.
| P/E Ratio | 80.53 |
|---|---|
| Beta | 4.17 |
What will riot be worth in 2025? The algorithm-based forecasting service projects a closing price in December 2023 of $66.68, rising to $72.80 by December 2025. A RIOT stock five-year forecast returns a projection of $32.25 through to January 2027.
Thereof, Is RIOT Blockchain Buy or sell?
Riot Blockchain has received a consensus rating of Buy. The company’s average rating score is 2.88, and is based on 7 buy ratings, 1 hold rating, and no sell ratings.
How much will Riot Blockchain be worth in 2022?
Riot Blockchain Inc quote is equal to 16.200 USD at 2022-02-28. Based on our forecasts, a long-term increase is expected, the « RIOT » stock price prognosis for 2027-02-17 is 22.695 USD. With a 5-year investment, the revenue is expected to be around +40.09%. Your current $100 investment may be up to $140.09 in 2027.
Is riot a good buy?
Riot Blockchain’s analyst rating consensus is a ‘Strong Buy.
What will riot Blockchain be worth in 2022?
Target values for the price of one Riot Blockchain share for Nov 2022. The weighted average target price per Riot Blockchain share in Nov 2022 is: 17.88.
Is RIOT a buy right now?
Riot Blockchain’s analyst rating consensus is a ‘Strong Buy.
Is it good to buy RIOT stock?
RIOT has pulled well off its highs but looks bullish from a technical perspective. I see the company’s expansion efforts as ramping revenue and margins in the near future. With a reasonable valuation and path to much higher profits, the stock is a buy.
Is RIOT stock overvalued?
Comps showed that Riot is overvalued where Riot is priced 300% higher than BITF despite having similar current mining capacity and expected 2022 build-up capacity. Our model puts a number to that overvaluation: 70% overvalued and 30% overvalued given a $50,000 and $66,000 Bitcoin, respectively.
Is riot a good long term investment?
Many factors suggest that RIOT is a good long-term investment. However, investors should not jump blindly with expectations of a quick return. The fundamentals and current upward pressure could create a profit for short-term investors.
Is riot stock a good long term investment?
RIOT Stock Fundamental Are Not Yet an Asset
The first being to hold the shares for a long term. For that purpose, now is a fine time to start averaging in. The second is to trade the technical levels shorter term. That matter may require a bit of homework but it will be worth it.
Will Riot blockchain continue to grow?
Analysts expect Riot’s revenue to rise 1,660% in 2021, then grow 118% to $464 million in 2022. They also expect it to stay profitable in 2022 and more than double its net profits in 2022 if Bitcoin’s price stabilizes and rises.
Is RIOT a crypto?
Riot Blockchain, Inc. is a Bitcoin mining company, supporting the Bitcoin blockchain through rapidly expanding large-scale mining in the United States.
Is RIOT overvalued?
Comps showed that Riot is overvalued where Riot is priced 300% higher than BITF despite having similar current mining capacity and expected 2022 build-up capacity. Our model puts a number to that overvaluation: 70% overvalued and 30% overvalued given a $50,000 and $66,000 Bitcoin, respectively.
Is RIOT profitable?
Although Riot Blockchain is not yet profitable, it seems to be on a glide path for this. It reported a net loss of $15.3 million for Q3. However, with its newer Bitcoin mining machines, which are more efficient, the company should be able to move to net profits soon.
What is Nio price target?
The 29 analysts offering 12-month price forecasts for NIO Inc have a median target of 32.94, with a high estimate of 86.57 and a low estimate of 24.08. The median estimate represents a +67.62% increase from the last price of 19.65.
Will Dogecoin go up?
With that in mind, we forecast the Dogecoin could return to the $0.7300 level by the end of 2024 – a 500% increase from today’s price.
Will ethereum go up?
Ethereum is the most well-known altcoin, and it’s much more than just another cryptocurrency for many investors and enthusiasts alike. And experts say it could grow in value by as much as 400% in 2022.
Why is RIOT stock down?
Shares of Riot Blockchain (RIOT) were down almost 11% in early trading on Tuesday after the bitcoin miner’s third quarter revenue and earnings missed average analyst estimates, according to FactSet data.
Is Riot Blockchain profitable?
Although Riot Blockchain is not yet profitable, it seems to be on a glide path for this. It reported a net loss of $15.3 million for Q3. However, with its newer Bitcoin mining machines, which are more efficient, the company should be able to move to net profits soon.
Is RIOT a cryptocurrency?
Riot Blockchain, Inc. operates as a digital currency company. The Company focuses on buying cryptocurrency and blockchain businesses, as well as supports blockchain technology companies.
Is Riot Blockchain good?
Riot Blockchain has been well-positioned to take advantage of the significant rise in Bitcoin’s price over the past year, having mined 675 Bitcoins in Q2, up 38% from Q1. It also produced record net income of $19.3 million, or $0.22 per share, in Q2.
Why is RIOT dropping?
Riot Blockchain Drops After Missing Q3 Revenue, Earnings Estimates.
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