Wall Street is positive on Riot Blockchain Inc (RIOT). On average, analysts give Riot Blockchain Inc a Strong Buy rating. The average price target is $3.5, which means analysts expect the stock to increase by 332.10% over the next twelve months.
That average ranking earns Riot Blockchain Inc an Analyst Rating of 80, which is better than 80% of stocks based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
A company’s financial statements are a significant factor weighted by experts when analyzing a company’s health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement.
Investors Observer averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.
What’s Happening With Riot Blockchain Inc Stock Today?
Riot Blockchain Inc (RIOT) stock is trading at $0.81 as of 2:22 PM on Thursday, Apr 2, a rise of $0.03, or 4.24% from the previous closing price of $0.77. The stock has traded between $0.76 and $0.88 so far today. Volume today is below average. So far 735,174 shares have traded compared to average volume of 1,070,622 shares.