Analyzing Riot Blockchain (RIOT) & Its Peers

Riot Blockchain (NASDAQ: RIOT) is one of 25 public companies in the “Diagnostic substances” industry, but how does it weigh in compared to its peers? We will compare Riot Blockchain to related businesses based on the strength of its risk, dividends, analyst recommendations, profitability, valuation, earnings and institutional ownership.

Institutional & Insider Ownership

12.1% of Riot Blockchain shares are held by institutional investors. Comparatively, 53.1% of shares of all “Diagnostic substances” companies are held by institutional investors. 2.7% of Riot Blockchain shares are held by insiders. Comparatively, 11.9% of shares of all “Diagnostic substances” companies are held by 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.

Earnings & Valuation

This table compares Riot Blockchain and its peers revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Riot Blockchain $170,000.00 -$19.84 million -2.57
Riot Blockchain Competitors $310.42 million $12.06 million -61.03

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.

Risk & Volatility

Riot Blockchain has a beta of 2.49, indicating that its share 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 share price is 40% more volatile than the S&P 500.

Analyst Ratings

This is a breakdown of recent recommendations and price targets for Riot Blockchain and its peers, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Riot Blockchain 0 0 1 0 3.00
Riot Blockchain Competitors 125 421 635 32 2.47

Riot Blockchain presently has a consensus price target of $10.00, suggesting a potential upside of 43.68%. As a group, “Diagnostic substances” companies have a potential upside of 1.29%. Given Riot Blockchain’s stronger consensus rating and higher possible upside, equities research analysts clearly believe Riot Blockchain is more favorable than its peers.

Profitability

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 -2,726.37% -125.99% -97.12%
Riot Blockchain Competitors -337.09% -53.55% -24.23%

Summary

Riot Blockchain peers beat Riot Blockchain on 8 of the 13 factors compared.

Riot Blockchain Company Profile

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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