In this article we will be analyzing Riot Blockchain Inc. We will be looking over the current market data to assess wether or not it is a good investment. To get started, the stock opened this morning at $28.4 and has moved $-0.939999999999998 from yesterday’s closing price of $28.22. The high for today is $28.7499 and the low is $27.16. A great indicator of where a stock is trending is by looking at it’s 52-week high/low. This is a technical indicator used by some traders and investors who view these figures as an important factor in the analysis of a stock’s current value and as a predictor of its future price movement. The 52-week high for Riot Blockchain Inc is $79.5 and the low is $2.06. The volume (the number of shares traded in a stock or contracts traded in futures or options.) is 4685489. Now that we know where Riot Blockchain Inc stands in price and volume, let’s learn more about the future of the company.
Forecast & Beta
As an investor, you can get an idea of where the stock is trending by the forecast and beta. Beta is calculated using regression analysis. A beta of 1 indicates that the security’s price tends to move with the market. A beta greater than 1 indicates that the security’s price tends to be more volatile than the market. A beta of less than 1 means it tends to be less volatile than the market. Riot Blockchain Inc has a beta of 4.47109. Knowing all of this, we project that Riot Blockchain Inc will have a price of $44.2731 in 12-months compared to it’s current price of $27.28 ($7.8731 difference). We can also take a look at the comapany’s marketcap. Marketcap is important because it allows investors to understand the relative size of one company versus another. Market cap measures what a company is worth on the open market, as well as the market’s perception of its prospects, because it reflects what investors are willing to pay for its stock. Riot Blockchain Inc has a marketcap of $2529391000.
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