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Riot Blockchain Stock Bearish By 9% So Far Today

ViaNews Editorial Team

February 24, 2023

Riot Blockchain Stock Bearish By 9% So Far Today

(VIANEWS) - Shares of Riot Blockchain (NASDAQ: RIOT) dropped 9.15% to $5.79 at 13:36 EST on Friday, after four successive sessions in a row of gains. NASDAQ is sliding 2.15% to $11,341.62, after two consecutive sessions in a row of gains. This seems, up to now, an all-around down trend exchanging session today.

Riot Blockchain's last close was $6.37, 73.08% below its 52-week high of $23.66.

About Riot Blockchain

Riot Platforms, 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. The company was formerly known as Riot Blockchain, Inc. Riot Platforms, Inc. was incorporated in 1998 and is headquartered in Castle Rock, Colorado.

Earnings Per Share

As for profitability, Riot Blockchain has a trailing twelve months EPS of $-0.3.

The company's return on equity, which measures the profitability of a business relative to shareholder's equity, for the twelve trailing months is negative -36.07%.

Revenue Growth

Year-on-year quarterly revenue growth declined by 28.6%, now sitting on 289.91M for the twelve trailing months.

Sales Growth

Riot Blockchain's sales growth is negative 39.1% for the present quarter and negative 10.4% for the next.

More news about Riot Blockchain (RIOT).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.

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