Riot Blockchain (RIOT) Earning Somewhat Critical News Coverage, Report Shows

Press coverage about Riot Blockchain (NASDAQ:RIOT) has trended somewhat negative recently, Accern reports. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Riot Blockchain earned a coverage optimism score of 0.00 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 45.4875280582287 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:

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Shares of RIOT stock traded down $0.75 during mid-day trading on Monday, reaching $8.25. The stock had a trading volume of 28,992 shares, compared to its average volume of 1,625,276. Riot Blockchain has a one year low of $3.45 and a one year high of $46.20. The company has a market capitalization of $121.28 million, a P/E ratio of -3.04 and a beta of 2.62.

Separately, HC Wainwright set a $10.00 price objective on Riot Blockchain and gave the stock a “buy” rating in a research report on Friday.

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.

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