Riot Blockchain (NASDAQ: RIOT) is one of 25 publicly-traded companies in the “Diagnostic substances” industry, but how does it weigh in compared to its peers? We will compare Riot Blockchain to related companies based on the strength of its analyst recommendations, profitability, valuation, institutional ownership, earnings, risk and dividends.
Institutional & Insider Ownership
12.1% of Riot Blockchain shares are held by institutional investors. Comparatively, 53.0% of shares of all “Diagnostic substances” companies are held by institutional investors. 2.7% of Riot Blockchain shares are held by company insiders. Comparatively, 11.1% of shares of all “Diagnostic substances” companies are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.
This table compares Riot Blockchain and its peers top-line revenue, earnings per share and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Riot Blockchain||$170,000.00||-$19.84 million||-2.45|
|Riot Blockchain Competitors||$310.42 million||$12.06 million||-62.28|
Riot Blockchain’s peers have higher revenue and earnings than Riot Blockchain. Riot Blockchain is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.
This is a summary of current recommendations and price targets for Riot Blockchain and its peers, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Riot Blockchain Competitors||125||421||636||33||2.47|
Riot Blockchain currently has a consensus price target of $10.00, indicating a potential upside of 50.38%. As a group, “Diagnostic substances” companies have a potential upside of 1.61%. Given Riot Blockchain’s stronger consensus rating and higher possible upside, research analysts plainly believe Riot Blockchain is more favorable than its peers.
Risk & Volatility
Riot Blockchain has a beta of 2.49, indicating that its stock price is 149% more volatile than the S&P 500. Comparatively, Riot Blockchain’s peers have a beta of 1.40, indicating that their average stock price is 40% more volatile than the S&P 500.
This table compares Riot Blockchain and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Riot Blockchain Competitors||-337.09%||-53.70%||-24.23%|
Riot Blockchain peers beat Riot Blockchain on 8 of the 13 factors compared.
About Riot Blockchain
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. The company leverages its expertise and network to build and support blockchain technology companies. It builds a cryptocurrency mining operation and operates specialized computers that generate cryptocurrency, primarily Bitcoin. The company also holds interests in various activities, including purchasing and selling cryptocurrencies; providing accounting, audit, and verification services for blockchain based assets, such as cryptocurrencies; and developing TessPay, a payments ecosystem for component and sub-component supply chain settlements, and other blockchain solutions for telecommunications companies. As of March 31, 2018, approximately 3,500 of the miners were installed and operating. The company was formerly known as Bioptix, Inc. and changed its name to Riot Blockchain, Inc. in October 2017. Riot Blockchain, Inc. was founded in 2000 and is based in Castle Rock, Colorado.
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