Analysts rate Riot Blockchain Inc.(RIOT:NSD) with a Strong Buy rating and a $19.50 target

STA Research
by: STA Research
Riot Blockchain Inc.

Analysts rate Riot Blockchain Inc. with a Strong Buy rating and a 12-month average target price of $19.50 per share.

Based on the Riot Blockchain Inc stock forecasts from 7 analysts, the average analyst target price for Riot Blockchain Inc is USD 19.50 over the next 12 months. Riot Blockchain Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Riot Blockchain Inc is Slightly Bearish, which is based on 3 positive signals and 5 negative signals. At the last closing, Riot Blockchain Inc’s stock price was USD 8.15Riot Blockchain Inc’s stock price has changed by +5.10% over the past week, +49.18% over the past month and -78.47% over the last year.

Riot Blockchain, Inc., together with its subsidiaries, focuses on bitcoin mining operations in North America. It operates through Bitcoin Mining, Data Center Hosting, and Electrical Products and Engineering segments. As of December 31, 2021, it operated approximately 30,907 miners. Riot Blockchain, Inc. was incorporated in 2000 and is headquartered in Castle Rock, Colorado

What we like:

Underpriced compared to book value

The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Superior Revenue Growth

This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.

What we don’t like:

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Negative cashflow

The company had negative total cash flow in the most recent four quarters.

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Low Earnings Growth

This stock has shown below median earnings growth in the previous 5 years compared to its sector.

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