Table of Contents
Based in Castle Rock, Colorado, Riot Platforms Inc is a major Bitcoin mining company. It was founded by Jason Les back in 2000. Since then, it has become one of the biggest Bitcoin miners in North America on the stock market1.
In January 2023, Riot Blockchain Inc changed its name to Riot Platforms Inc. This was a big move for the company. Now, their stock on the NASDAQ, known by the ticker symbol RIOT, gives a great chance to invest in the crypto market1.
If you want to invest in Riot Blockchain stock, it’s important to know the steps. Here, we will show you how to buy the company’s stock. This will make you part of their story2.
Key Takeaways:
- Riot Platforms Inc. is a significant U.S.-based Bitcoin mining company. They are known for their work in Castle Rock, Colorado1.
- In January 2023, Riot Blockchain Inc changed its name to Riot Platforms Inc1.
- Riot Platforms’ stock is available on NASDAQ as RIOT1.
- Riot Blockchain’s working facility is in Massena, New York. They have 13,746 top-notch bitcoin mining machines2.
- Investors can buy Riot Blockchain’s stock through platforms like ETrade2.
Why Invest in Riot Blockchain Stock
Riot Blockchain leads in Bitcoin mining. Investing brings several perks. You can join the booming cryptocurrency world. The more people use Bitcoin, the more miners like Riot Blockchain are needed. This can raise the stock’s value. By investing, you also help Bitcoin and other digital currencies grow. Riot Blockchain’s success is due to its strong team. This gives investors confidence.
Looking at Riot Blockchain’s future is key. The company wants to grow its mining capacity three times by 2024. This could mean more gains for you as an investor3. They’ve secured deals for more miners, with plans to hit 38 EH/s3. These steps show they are serious about expanding and being a big player in the crypto market.
Analyst views on Riot Blockchain stock are also important. Most suggest a “Moderate Buy.” This means analysts see good potential3. The stock’s average price target suggests it could be undervalued1. This also reflects positively on the wider cryptocurrency market.
Riot Blockchain stock is a good way to get into the cryptocurrency and blockchain world. By investing, you support decentralisation and gain from strong leadership. Remember, any stock investment comes with risks. Doing your own research is crucial before you decide.
References: InvestorPlace, Finder, InvestorPlace
Choosing a Brokerage Account
First, you must open a brokerage account to buy Riot Blockchain stock. Several well-known brokerages are available. Each has its benefits. For buying Riot Blockchain stock, we recommend E*TRADE, TD Ameritrade, and Charles Schwab. These platforms are easy to use, have good prices, and offer many investment choices. When picking a brokerage, think about fees, tools for research, support, and learning options4.
Funding Your Account
Playtime’s over, now to fund your brokerage account for Riot Blockchain stock. This is simple. Just put money in your account to start investing. You can do this through bank transfers, debit, or credit cards. Your brokerage will show you how to do it5.
It’s key to have enough money in your account when buying Riot Blockchain shares. Think about the shares you want and trading fees. Some brokerages need a minimum deposit to open. Know this before you put money in5.
First, understand that investing in stocks like Riot Blockchain has risks. Their prices can go up or down a lot. Knowing these risks and rewards helps you make smart choices5. and4
For a safer choice, consider a High-Yield Cash Account. Here, your money earns interest and is insured by the FDIC. You get a variable interest rate. This means your cash can grow while you look for the best investment5.
Funding Options
Brokerages have many ways to fund your account. You can use:
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- Bank Transfers: Link your bank to your brokerage to move money safely. It’s a trusted way to fund.
- Debit Cards: Deposit funds instantly with your debit card. It’s fast and easy.
- Credit Cards: Some brokerages allow credit card deposits. Watch out for fees and high rates.
Know the fees that come with funding your account. Pick the method that fits your goals best5.
Funding Methods Comparison
| Funding Method | Pros | Cons |
|---|---|---|
| Bank Transfers | Secure and reliable | May take some time for funds to be available |
| Debit Cards | Instant availability of funds | Limited flexibility compared to bank transfers |
| Credit Cards | Quick and convenient | May have associated fees or higher interest rates |
Now that your account’s funded, it’s time to trade Riot Blockchain stock. Research well. Look at the company’s finance, its field, and the market. With good choices, you might benefit from Riot’s potential growth4. and6
Searching for Riot Blockchain Stock
Firstly, fund your brokerage account to start searching for Riot Blockchain stock. Simply type RIOT in the search bar on most brokerage platforms7. This action will show you the stock’s current price, past performance, and more. Always check the stock’s details before you buy.
When looking for Riot Blockchain stock, look at key facts. These include a market cap of 2.76B USD7, a TTM price to earnings of 14.198, and a TTM basic EPS of 0.74 USD8. These figures help you understand the stock’s financial status and growth potential.
Do also check other facts about Riot Blockchain. For instance, Riot Platforms Inc is a major U.S.-based Bitcoin miner in North America1. It’s listed on the NASDAQ under the ticker symbol RIOT1. Riot Platforms aims for a total self-mining hash rate of 41 EH/s by 20251.
It’s wise to look at what analysts say and predict for Riot Platforms stock. In the last three months, 16 analysts rated the stock. They have an average price target of $18.47, high of $20.00, and low of $15.001. These numbers show what experts think about its future.
Thinking about the financial facts and other details will help you make a good choice about Riot Blockchain stock. Always do your research and talk to a financial advisor before investing.
Placing an Order
First, find the Riot Blockchain stock on your brokerage platform. Then, place an order. This lets you own some of the company and possibly make money if it grows.
There’s a market order that buys at the current price. Or, you can do a limit order and pick the price you want to pay for the stock (source).
Decide how many shares or the amount of money to invest. Think about what you want from this investment and how much risk you can take.
Before you click ‘buy’, check everything carefully. Make sure you’ve picked the right order type and the amount or price of the shares. Look over any extra instructions too.
Buying Riot Blockchain stock lets you join the crypto and blockchain world. This move could help your investment account in the long run. Get in on this chance to be a stockholder and maybe make money as interest in Riot Blockchain grows (source).
| Statistical Data | Value |
|---|---|
| 8.35% increase in Riot Blockchain stock value to USD 9.559 | USD 9.55 |
| 30% of Riot Blockchain outstanding shares are owned by third-party entities9 | 30% |
| Average shares outstanding: 47.1 million9 | 47.1 million |
| Quarterly volatility: 65.9 million9 | 65.9 million |
| Riot Blockchain employs 335 people9 | 335 |
| Riot Blockchain insider trades: About 7.0% currently held by insiders9 | 7.0% |
| Market cap and enterprise value: 2.61 billion9 | 2.61 billion |
| Institutional investors own approximately 43.0% of Riot Blockchain shares9 | 43.0% |
| Top institutional investors: Vanguard Group Inc. holds 21.1 million shares, Blackrock Inc. holds 15.7 million shares9 | Vanguard Group Inc.: 21.1 million shares Blackrock Inc.: 15.7 million shares |
| Jason Les from Riot Blockchain disposed of 797,890 shares at 9.759 | 797,890 shares at 9.75 |
H3: Pair Trading and Correlation Coefficient
Aside from buying Riot Blockchain stock, there’s pair trading. It helps balance risks and follow the market’s path. By pairing Riot Blockchain shares with a short on something related, you aim to win from one outdoing the other.
The correlation coefficient shows how Riot Blockchain reacts to others, from -1 to 1. A positive score means they move together; a negative, opposite. Knowing this helps investors understand how Riot Blockchain might change with the market’s mood and find new ways to spread out their risks.
Table: Statistical Data from Link 3
| Statistical Data | Value |
|---|---|
| Maximum count in Riot Blockchain stock for buying guide: 610 | 6 |
| Maximum badge count for notifications: 510 | 5 |
| Attempt count for the service: 110 | 1 |
| Attempt delay for the service: 2 seconds10 | 2 seconds |
| Timeout for the service response: 1500 milliseconds10 | 1500 milliseconds |
| Maximum badge count: 510 | 5 |
| Maximum panel count for new notifications: 610 | 6 |
To buy Riot Blockchain stock is a first step in joining the crypto wave. With the right plan and keeping an eye on the market, you can step into this investment with confidence.
Completing the Purchase
After you order, you’ll get a confirmation. Your brokerage will buy Riot Blockchain stock for you. This can take only 15 minutes if you have everything ready. But, stock prices change, so what you pay might not match the first price you saw.
Buying Riot Blockchain stock is easy. You just need to place an order. Once your brokerage confirms your order, you’re set.
About 15 minutes is needed to finish your purchase. This timing can change. It depends on your brokerage’s speed and the stock market. Make sure you have all needed info and funds before you start.
Remember, stock prices can change fast. This means the price you pay might not be what you first saw. Watch the market closely to understand the risks involved.
Statistical data from Link 1:
Riot Platforms made $2.4 million from Bitcoin mining in early 2020. A year later, this income had grown to $23.2 million. The value of their mining hardware and facilities also expanded by three times during this period11. But, there was a 28% drop in Bitcoin they produced after a halving event11.
Electricity costs increased for Riot. In 2020, they went from spending $1.4 million to $7.5 million on power11. Despite these issues, halving events help by pushing out weaker miners. This lets efficient miners like Riot get more rewards and save on costs11.
The Motley Fool Stock Advisor team didn’t rank Riot Platforms highly. They think other stocks might offer better returns11.
Statistical data from Link 2:
When buying Riot Blockchain stock, look into the purchase agreement from Link 2. This legal document is from January 28, 2019. It notes the price, what you’re buying, and promises from both sides12.
For buying Riot Blockchain shares, the deal includes an $80,000,000 cash part. But, this base sum may change after checking some financial stats. Other terms about selling and issuing shares are also there12.
Taking time to understand this agreement is key. It sets out many important details. Knowing these helps make sure everyone is fully protected and things go smoothly12.
Statistical data from Link 3:
Buying Riot Blockchain stock means agreeing to Link 3’s terms. This agreement talks about the price. There’s a cash part of $80,000,000 guaranteed13.
But, this price might change after looking at certain financial numbers. Parent company has to give a final financial report to the buyer before closing. This helps set the actual price13.
The deal also lists what each side promises. And, it talks about making sure everything is right before finalising the sale. Knowing and agreeing to these points helps in a smooth, legal purchase of Riot Blockchain stock13.
| Steps to Complete the Purchase of Riot Blockchain Stock | Reference number11 | Reference number12 | Reference number13 |
|---|---|---|---|
| Submit your order for Riot Blockchain stock | |||
| Receive confirmation of your purchase | |||
| Your brokerage executes the order on your behalf | |||
| Become a shareholder of Riot Blockchain stock |
Latest Updates and Analyst Recommendations
To make smart investment choices, it’s key to know the latest on Riot Blockchain. New info gives insights into its future and what it means for investors. We’ll look at some recent developments and what analysts are saying.
Recent News and Updates
- Riot Blockchain saw -38.27% YTD returns, while the S&P 500 hit +14.57%14.
- In one year, Riot Blockchain’s stock dropped by -15.11%. The S&P 500 gained +24.52%14.
- Over three years ending 6/21/2024, Riot Blockchain’s return was -70.32%. The S&P 500’s was +31.16%14.
- They recorded a net loss of $49.47 million last year, with $280.68 million in revenue15.
- Their cash flow projection for 2024 is a rise to $385.2 million15.
- Riot Platforms Inc ranks high as a U.S.-based, publicly-traded Bitcoin miner in North America1.
- 16 analysts gave their view on Riot Platforms (NASDAQ: RIOT) in the last three months. They pegged the average price target at $18.47, ranging from $15.00 to $20.001.
Analyst Recommendations
Analysts are important, offering insights into Riot Blockchain’s future. They say the stock looks promising. Their collective forecast points to an average price target of $18.47, ranging from $15.00 to $20.001.
“Riot Blockchain is a promising investment opportunity with an average price target of $18.47, according to 16 analysts surveyed. The high estimate is $20.00, while the low estimate is $15.00, indicating positive sentiment towards the stock’s potential performance”1.
It’s crucial to follow the latest news and analyst opinions for solid investment choices on Riot Blockchain stock. Always do thorough research and talk to a financial advisor.
| Key Metrics | Value |
|---|---|
| Mean Deviation | 3.97 |
| Standard Deviation | 5.51 |
| Variance | 30.37 |
| Shares Shorted | 50.14 million |
| Institutional Investors | Vanguard Group Inc (21.1 million shares), Blackrock Inc (15.7 million shares) |
| Alpha | -0.07 |
| Beta | 2.97 |
| Implied Volatility | High potential for price swings |
| Return on Equity | 0.0806 |
| Profit Margin | 0.50% |
| Price to Earnings Ratio | 36.27X |
The details on Riot Blockchain’s metrics shed light on its financial health and potential. Investors can use this info to judge its growth and profit prospects.
Is it a Good Time to Buy Riot Blockchain Stock?
Deciding when to buy Riot Blockchain stock requires careful thought. Look at how the price has performed, its volatility, and past data. Also, check the stock’s P/E ratio, P/B ratio, and EBITDA to see if it’s valued well. Review what analysts say and their price predictions. These can give you different views on the stock’s future. But, the choice to invest should match your own research and goals.
Examining data from various sources helps understand the stock’s timing. For example, from16, Riot Blockchain’s stock price is $9.55 USD. After-market, it’s $9.58, showing a slight rise. It’s seen a drop recently, yet it’s at a Rank 3 by Zacks, meaning it’s still viewed neutrally.
According to16, Riot Blockchain scores well in value, growth, and momentum. These are all rated A. Such scores hint at opportunities for the stock to grow in value.
Riot Blockchain is placed well in the Technology Services sector, ranking 55 out of 249, as per16. It’s also at the top 22% within its industry. These rankings show Riot Blockchain’s strong position.
The financial ratios from16 indicate interesting facts about Riot Blockchain. For instance, its Cash/Price ratio is 0.27. This means for every dollar invested, there’s a 27 cents return. The company’s EV/EBITDA ratio is 10.22, which is about its valuation against earnings.
Looking at data from17, Riot Blockchain’s stock may reach $9.63 by June 28, 2024. This indicates a small increase of 0.82%. Future forecasts, detailed in17, show a more significant growth. By 2025, it could be at $28.11, a boost of 194.36%.
Meaningful insights also come from considering the stock’s trends alongside Bitcoin and Ethereum. This comparison can help see Riot Blockchain’s possible future.
Other data from18 places Riot Platforms Inc well within the industry. It has a market cap of $3.0 billion, quite significant. The P/E ratio is 11.9, and the latest sales growth was 8.3%. All this shows a positive performance.
Despite not having a dividend right now, Riot Platforms Inc shows potential for growth and quality. As per18, it has an average growth score of 48 and a quality score of 43. Its momentum is also rated as average at 47.
It’s crucial to be aware of the risks in the stock market, as highlighted by data from multiple sources161718. Always getting advice from financial professionals before investing is wise.
Conclusion
After reading this buying guide, you’re ready to think about investing in Riot Blockchain stock. The19 stats show that Bitcoin and Ethereum have grown a lot in value. This shows that the cryptocurrency field has room to grow. Since RIOT’s stock often moves with Bitcoin, this could be a good chance for you.
Looking at the20 stats helps you understand how Riot Platforms is doing. The company is making more money from mining. Even though they are not always making a profit, they are working hard to cut down on losses. This is a good sign of their effort to stay strong.
Remember, RIOT’s stock price can change because of things like its worth compared to others in the market. The19 stats say that COIN has a bigger worth. However, RIOT is expected to grow, too. This makes it a good option to think about. Also, since RIOT and COIN often move together, investing in RIOT could bring some good results.
To sum up, investing in Riot Blockchain stock is a chance to join the cryptocurrency world. Do your homework, keep up with the news, and listen to what experts say. Think about what you want from your investment. With the right knowledge, picking RIOT stock could pay off.
FAQ
How do I buy Riot Blockchain stock?
To buy Riot Blockchain stock, open a brokerage account. Then, fund your account and search for the stock. After that, place your order and finish the purchase.
Why should I invest in Riot Blockchain stock?
Investing in Riot Blockchain stock has many advantages. It lets you be part of the fast-growing cryptocurrency industry. You help grow the Bitcoin network and benefit from a strong company with experienced leaders.
How do I choose a brokerage account for buying Riot Blockchain stock?
Consider E*TRADE, TD Ameritrade, or Charles Schwab for buying Riot Blockchain stock. Look at account fees, research tools, customer support, and education they offer to decide.
How do I fund my brokerage account to buy Riot Blockchain stock?
Brokerages allow funding through bank transfers, debit, and credit cards. Follow your brokerage’s steps to add money to your account.
How do I search for Riot Blockchain stock?
Use the ticker symbol RIOT on your brokerage’s search bar. This helps you find the Riot Blockchain stock. You can then see its price, performance, and more.
How do I place an order for Riot Blockchain stock?
Find the stock listing first. Then, decide between a market order or a limit order. A market order buys at the current price. A limit order lets you pick a price. Decide how many shares or the amount to invest, and check everything before confirming your order.
How do I complete the purchase of Riot Blockchain stock?
After you confirm your order, your brokerage will process it. You’ll soon own Riot Blockchain stock. Remember, stock prices change, so your actual cost might differ a bit from the initial order.
How do I stay updated on the latest news and analyst recommendations for Riot Blockchain?
Stay updated by reading trusted financial news on sites like Benzinga, Yahoo Finance, and Market Watch. These sites cover Riot’s latest bitcoin production, mergers, and what analysts say.
How do I determine the right time to buy Riot Blockchain stock?
To pick the best time to buy Riot Blockchain stock, look at technical analysis, its value, and what analysts recommend. Analyze its historical performance and potential with care. Always make your decision based on thorough research and your investment goals.
Can you provide a summary of the guide to buying Riot Blockchain stock?
First, open a brokerage account and fund it. Find Riot Blockchain stock, place an order, and finish the purchase. Stay updated with the latest news and recommendations to make informed choices about when to buy, aligning with your investment strategy.
Source Links
- https://www.finder.com/stock-trading/tech-stocks/buy-riot-blockchain-stock – How to buy Riot Platforms stock (RIOT)
- https://www.bitcoinmarketjournal.com/buy-riot-stock/ – How to Buy Riot Blockchain Stock, Step by Step (with Screenshots) – Bitcoin Market Journal
- https://investorplace.com/2024/02/forget-crypto-try-these-3-blockchain-stocks-instead/ – Forget Crypto, Try These 3 Blockchain Stocks Instead
- https://www.benzinga.com/money/how-to-buy-riot-blockchain-inc-riot-stock – How to Buy Riot Blockchain Inc. (RIOT) Stock Right Now • Benzinga
- https://public.com/stocks/riot/options-chain – Buy Riot Blockchain (RIOT) Call and Put Options – Options Chain
- https://www.fool.com/investing/2024/05/11/is-riot-blockhain-stock-a-no-brainer-buy-after-pos/ – Is Riot Platforms Stock a No-Brainer Buy After Posting Record Numbers? | The Motley Fool
- https://finance.yahoo.com/quote/RIOT/ – Riot Platforms, Inc. (RIOT) Stock Price, News, Quote & History – Yahoo Finance
- https://www.tradingview.com/symbols/NASDAQ-RIOT/ – RIOT Stock Price and Chart — NASDAQ:RIOT — TradingView
- https://www.macroaxis.com/ownership/RIOT/Riot-Blockchain – Who Owns Riot Blockchain? RIOT – Macroaxis
- https://finance.yahoo.com/news/want-buy-riot-blockchain-inc-162804903.html – Want to Buy Riot Blockchain Inc (NASDAQ: RIOT) Stock? See This First.
- https://www.nasdaq.com/articles/riot-blockchain-no-brainer-buy-after-bitcoin-halving – Is Riot Blockchain a No-Brainer Buy After the Bitcoin Halving?
- https://contracts.justia.com/companies/riot-blockchain-inc-2357/contract/48070/ – Form of Securities Purchase Agreement | Riot Blockchain, Inc. | Business Contracts
- https://contracts.justia.com/companies/riot-blockchain-inc-2357/contract/172219/ – Stock Purchase Agreement, dated as of April 8, 2021, by and | Riot Blockchain, Inc. | Business Contracts
- https://finance.yahoo.com/quote/RIOT/news/ – Riot Platforms, Inc. (RIOT) Latest Stock News & Headlines – Yahoo Finance
- https://www.macroaxis.com/invest/advice/RIOT – Riot Buy or Sell in 2024 | Stocks: RIOT – Macroaxis
- https://www.zacks.com/stock/research/RIOT/stock-style-scores – Should I buy Riot Platforms, Inc. (RIOT)
- https://coincodex.com/stock/RIOT/price-prediction/ – Riot Blockchain (RIOT) Stock Forecast & Price Prediction 2025, 2030 | CoinCodex
- https://www.aaii.com/investingideas/article/16726-is-riot-blockchain-stock-riot-a-good-investment – Is Riot Blockchain Stock (RIOT) a Good Investment?
- https://www.kavout.com/blog/comparative-analysis-of-two-crypto-stocks-coin-and-riot/ – Comparative Analysis of Two Crypto Stocks: COIN and RIOT – Kavout
- https://www.fool.com/investing/2023/09/13/should-you-invest-in-riot-platforms-right-now/ – Should You Invest in Riot Platforms Right Now? | The Motley Fool
