What Riot Blockchain Investors Should Keep in Mind

By Scott Lee • Friday, October 20 12:30 • Permanent Link

With gains of 2.8%, Riot Blockchain was one of the winners on Wall Street today. Its shares are now trading at $9.07 and have logged a -1.0% daily outperformance of the S&P 500. Don't join the feeding frenzy before checking some basic facts about this stock:

Riot Blockchain has moved 56.0% over the last year, and the S&P 500 logged a change of 14.0%
RIOT has an average analyst rating of buy and is -47.3% away from its mean target price of $17.21 per share
Its trailing earnings per share (EPS) is $-1.6
Riot Blockchain has a trailing 12 month Price to Earnings (P/E) ratio of -5.7 while the S&P 500 average is 15.97
Its forward earnings per share (EPS) is $-0.88 and its forward P/E ratio is -10.3
The company has a Price to Book (P/B) ratio of 1.33 in contrast to the S&P 500's average ratio of 2.95
Riot Blockchain is part of the Technology sector, which has an average P/E ratio of 27.16 and an average P/B of 6.23
The company has a free cash flow of $-127874496, which refers to the total sum of all its inflows and outflows of cash over the last quarter
Riot Platforms, Inc., together with its subsidiaries, operates as a bitcoin mining company in North America. It operates through Bitcoin Mining, Data Center Hosting, and Engineering segments. The company also provides co-location services for institutional-scale bitcoin mining companies; and critical infrastructure and workforce for institutional-scale miners to deploy and operate their miners. In addition, it engages in the design and manufacturing of power distribution equipment and custom engineered electrical products; electricity distribution product design, manufacture, and installation services primarily focused on large-scale commercial and governmental customers, as well as a range of markets, including data center, power generation, utility, water, industrial, and alternative energy; operation of data centers; and maintenance/management of computing capacity. The company was formerly known as Riot Blockchain, Inc. Riot Platforms, Inc. was incorporated in 1998 and is based in Castle Rock, Colorado.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.