Does Riot have debt?

Debt Level: RIOT is debt free. Reducing Debt: RIOT has no debt compared to 5 years ago when its debt to equity ratio was 0.3%.

Is Riot a profitable company?

Riot Platforms Inc's trailing 12-month revenue is $259.2 million with a -196.6% profit margin. Year-over-year quarterly sales growth most recently was -33.9%. Analysts expect adjusted earnings to reach $-0.550 per share for the current fiscal year. Riot Platforms Inc does not currently pay a dividend.

Does Riot Blockchain make a profit?

First Quarter 2022 and Recent Financial Highlights

Increased total revenue by 244% to a record $79.8 million for the three-month period ended March 31, 2022, as compared to $23.2 million for the same three-month period in 2021.

How much Bitcoin does Riot own?

As of July 31, 2022, Riot held approximately 6,696 BTC, all produced by the Company's self-mining operations.

Is Riot Blockchain in debt?

Debt Level: RIOT is debt free. Reducing Debt: RIOT has no debt compared to 5 years ago when its debt to equity ratio was 0.3%.

Riot Games is having a problem...

Is RIOT a safe investment?

The financial health and growth prospects of RIOT, demonstrate its potential to underperform the market. It currently has a Growth Score of A. Recent price changes and earnings estimate revisions indicate this would not be a good stock for momentum investors with a Momentum Score of F.

Is Riot Blockchain a strong buy?

Riot Blockchain Stock Buy Hold or Sell Recommendation. Stocks . USA . Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Riot Blockchain is 'Strong Hold'.

Should I invest in RIOT stock?

Out of 9 analysts, 5 (55.56%) are recommending RIOT as a Strong Buy, 3 (33.33%) are recommending RIOT as a Buy, 1 (11.11%) are recommending RIOT as a Hold, 0 (0%) are recommending RIOT as a Sell, and 0 (0%) are recommending RIOT as a Strong Sell. If you're new to stock investing, here's how to buy Riot Platforms stock.

Is Riot richer than Blizzard?

Activision Blizzard's brand is ranked #527 in the list of Global Top 1000 Brands, as rated by customers of Activision Blizzard. Their current market cap is $74.97B. Riot Games's brand is ranked #77 in the list of Global Top 100 Brands, as rated by customers of Riot Games. Their current valuation is $3.52B.

What is the future of Riot Blockchain?

Analyst Price Forecast Suggests 32.58% Upside

As of March 17, 2023, the average one-year price target for Riot Blockchain is $9.35. The forecasts range from a low of $5.05 to a high of $12.60. The average price target represents an increase of 32.58% from its latest reported closing price of $7.05.

How much does Riot make per day?

Riot Games makes $4.1M in a day.

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Will RIOT stock recover?

Riot Platforms Inc quote is equal to 6.270 USD at 2023-03-13. Based on our forecasts, a long-term increase is expected, the "RIOT" stock price prognosis for 2028-03-08 is 7.691 USD. With a 5-year investment, the revenue is expected to be around +22.66%. Your current $100 investment may be up to $122.66 in 2028.

How high will RIOT go?

Stock Price Forecast

The 10 analysts offering 12-month price forecasts for Riot Platforms Inc have a median target of 9.50, with a high estimate of 12.00 and a low estimate of 5.00. The median estimate represents a -4.81% decrease from the last price of 9.98.

Is RIOT a penny stock?

Riot Blockchain gave an update on its Bitcoin mining operations for December 2022. The company also announced a name change to Riot Platforms. The stock is still a highly promotional penny stock that should be avoided by all investors.

Is RIOT a Bitcoin miner?

Riot's Rockdale Facility consists of the single largest Bitcoin mining and hosting facility in North America, as measured by its 750 MW in developed capacity. Riot currently has a deployed hash rate capacity of 9.8 EH/s.

Why is RIOT stock falling?

The fall of cryptocurrency prices has a direct impact on the financial performance of Riot Blockchain as its mining operations generate less revenues. Hence, the stock has become a target of short-sellers, who are increasing their bets against RIOT since late August, as indicated by the RIOT short interest.

Is RIOT a good long term investment?

Riot Platforms Inc has a Long-Term Technical rank of 83. This means that trading over the last 200 trading days has placed the company in the upper half of stocks with 17% of the market scoring higher. In the Software - Application industry which is number 97 by this metric, RIOT ranks better than 97% of stocks.

Who invested in RIOT?

HAX and Tencent are the most recent investors.

Is RIOT a billion dollar company?

Riot Games has made $20 billion from just one video game. Now the success of Fortnite has the company scrambling to prove it can be more than just the decade-old 'League of Legends.

Is RIOT losing money?

(RIOT) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.14.

Is Riot Blockchain a Chinese company?

Riot Platforms is headquartered in Castle Rock, Colorado, the US.

Who are the largest investors in Riot Blockchain?

Riot Blockchain is not owned by hedge funds. The Vanguard Group, Inc. is currently the company's largest shareholder with 8.7% of shares outstanding. With 5.7% and 2.3% of the shares outstanding respectively, BlackRock, Inc. and Jason Les are the second and third largest shareholders.