InvestorsObserver is giving Riot Blockchain Inc (RIOT) an Analyst Rating Rank of 75, meaning RIOT is ranked higher by analysts than 75% of stocks. The average price target for RIOT is $46.75 and analyst’s rate the stock as a Strong Buy.
Why are Analyst Ratings Important?
You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers.
InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.
What’s Happening With Riot Blockchain Inc Stock Today?
Riot Blockchain Inc (RIOT) stock has fallen -3.5% while the S&P 500 is up 0.56% as of 11:34 AM on Monday, Aug 30. RIOT is down -$1.35 from the previous closing price of $38.57 on volume of 3,188,645 shares. Over the past year the S&P 500 has risen 29.55% while RIOT is up 963.43%. RIOT earned $0.33 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 111.48.