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H.C. Wainwright Thinks Riot Blockchain Inc’s Stock is Going to Recover


H.C. Wainwright analyst Kevin Dede maintained a Buy rating on Riot Blockchain Inc (NASDAQ: RIOT) today. The company’s shares closed yesterday at $3.43, close to its 52-week low of $3.30.

According to TipRanks.com, Dede is ranked 0 out of 5 stars with an average return of -9.2% and a 40.2% success rate. Dede covers the Consumer Goods sector, focusing on stocks such as Microvision, SuperCom, and Resonant.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Riot Blockchain Inc.

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Based on Riot Blockchain Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $24.02 million. In comparison, last year the company had a GAAP net loss of $5.3 million.

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Riot Blockchain, Inc. engages in the provision of investment services to the blockchain ecosystem as well as manufacturing in-vitro substances. Its portfolio includes Verady, Coinsquare, and Tesspay. The company was founded on July 24, 2000 and is headquartered in Castle Rock, CO.