Riot Blockchain Inc (NASDAQ:RIOT) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.25 and traded as high as $1.94. Riot Blockchain shares last traded at $1.94, with a volume of 4,348 shares trading hands.
A number of analysts have recently weighed in on the stock. ValuEngine upgraded shares of Riot Blockchain from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Zacks Investment Research lowered Riot Blockchain from a “hold” rating to a “sell” rating in a report on Wednesday, June 5th.
The firm has a 50 day simple moving average of $2.16 and a 200-day simple moving average of $3.25. The company has a market cap of $30.00 million, a price-to-earnings ratio of -1.16 and a beta of 3.20.
About Riot Blockchain (NASDAQ:RIOT)
Riot Blockchain, Inc focuses on building, supporting, and operating blockchain technologies, primarily through its cryptocurrency mining operations and other developed businesses, as well as joint ventures, acquisitions, and targeted investments in the sector. Its primary focus is on Bitcoin and general blockchain technology.
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