But can it keep going, and why? This might drive the stock higher in the near term. TSNP Stock: What’s Going on With Blockchain Play Tesoro Enterprises? These 10 are painstakingly hand-picked from over 4,000 companies covered by the Zacks Rank. Blockchain companies such as Riot Blockchain (RIOT) and Marathon Patent Group (MARA),two major crypto mining players are well poised to outpace the broader market if cryptos continue to touch record highs in 2021. Since…. An Object in motion continues to stay in motion…unless acted upon by an external force. IBM is likely to play a vital role in the blockchain domain through 2021 and beyond, driven by strength in its enterprise blockchain solutions. Riot Blockchain Inc.(Nasdaq:RIOT): As Bitcoin surges past $15,000, experts believe that the bull-run is far from over. January 19, 2021 By EWF Robb. With Bitcoin recently breaking out to new all time highs the Crypto and Blockchain market has reached fever pitch. One way to check if the company is actually growing is to check their financials AKA Follow the Money. BREAKING BITCOIN NEWS!!! Bitcoin is up BIG! This may sound like a sunny prediction, but it is very possible. Over the last 12 months, RIOT stock rose by 2193.01%. Riot Blockchain Inc. (RIOT) Analyst Forecasts Analyst recommendations provided by FactSet shows that the consensus forecast for Riot Blockchain Inc. (RIOT) is a “Buy”. Riot Blockchain, Inc. (RIOT) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. As of 12:30 p.m. EST, the stock was down 11%. Riot Blockchain, Inc. earnings are expected to increase by 76.4% in 2021, but the outlook is … Meanwhile, bitcoin was up 174% for the quarter. Strong user and volume growth on the tZERO ATS and Crypto App have been the major catalysts. Riot Blockchain (NASDAQ:RIOT) had its target price boosted by HC Wainwright from $7.50 to $28.00 in a research report report published on Monday morning, Price Targets.com reports. InvestorPlace - 1 month ago 3 Crypto Mining Stocks With Upside Ahead HUGE CRYPTO NEWS!!! Check it out here. The stock has surged 1309.8% compared with industry’s growth of 9.5% on a year-to-date basis. Create your Watchlist to save your favorite quotes on Nasdaq.com. Riot Blockchain stock is soaring amid rising bitcoin prices and increased mining capacity. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Riot Blockchain Stock Predictions, Analysis & Future Price Review (2020-2021) - BOCVIP. Financials. Moreover, the Zacks Consensus Estimate for revenues and earnings for 2020 indicates growth of 52.1% and 28.8%, respectively, from the year-ago reported numbers. An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The company has expanded significantly since 2017. Increased margin of cryptocurrency mining revenues in excess of cost of revenues during the three-month period ended September 30, 2020 to 47%, indicating performance improved in the latter part of the nine-month period ended September 30, 2020. Though the company is not in great shape right now, we believe its focus on hybrid cloud will pay off in the long term. Riot Blockchain has not formally confirmed its next earnings publication date, but the company's estimated earnings date is Wednesday, March 24th, 2021 based off prior year's report dates. According…, WOW! When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Riot Blockchain has a Zacks Rank #2 (Buy). Get the latest stock tips, investing advice, small business and alternative finance news today! 1 analysts offering their recommendations for the stock, where 0 rate it as a Hold and 0 think it is a “Overweight”. Start Your Access to the New Zacks Top 10 Stocks >>, Want the latest recommendations from Zacks Investment Research? Without further ado, check out our Riot Blockchain Stock Prediction: Back to All Time Highs in 2021? What Will Black Friday Look Like in 2020? Blockchain has rapidly gained traction, driven by accelerated adoption across multiple sectors. Scroll to content. Notably, tZERO’s third-quarter 2020 revenues surged 96.9% year over year to $11.2 million. Blockchain technology has gone from powering cryptocurrencies to investor returns, recently. In RIOT’s case, crypto continues to move higher, with dips in between, but no significant pullbacks yet. Prediction of Ethereum 5 Years One more swing lower may be coming before further upside takes place. Riot Blockchain, Inc. (RIOT) projections and forecasts. Let’s discuss three stocks, which have strong fundamentals that position them well to capitalize on the cryptocurrency and blockchain boom. Find the latest Riot Blockchain, Inc (RIOT) stock quote, history, news and other vital information to help you with your stock trading and investing. The general rule of thumb is that stocks hitting 52 week highs tend to continue hitting new 52 week highs. The cryptocurrency has dropped some 22% … Especially when you consider the fact that Bitcoin is already significantly higher than its previous all time high and most of the other cryptocurrencies have not even come close. Overstock OSTK is an ecommerce service provider that ventured in to the blockchain domain as early as 2014 before the cryptocurrency boom. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. Riot is launching an 8-megawatt immersion technology testing initiative to “assess the potential for higher productivity and lower cost mining opportunities in Texas,” per a press release. Balance Sheet Income Statement Cash Flow. Bitcoin Mining. BUYING THESE ALTCOINS!!! Today, that discovery is still the heart of the Zacks Rank. See Riot Blockchain, Inc (RIOT) stock analyst estimates, including earnings and revenue, EPS, upgrades and downgrades. 1 of the analysts rate the stock as a “Buy”. Altcoins Taking Off! This signals to us that we are in the early stages…and this one could get real crazy. This is likely to give the blockchain technology a massive impetus. IBM leverages Hyperledger technology and is one of the first movers in the blockchain space. The company traded as high as $46.64 and last traded at $43.09. So, given this information, what’s the verdict? You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.. 3 Blockchain Stocks That Could Explode in 2021. Riot Blockchain stock plummeted as much as 18.5% on Thursday as bitcoin's momentum turned decidedly negative. Given the benefits, tech companies like International Business Machines IBM, Oracle ORCL, Microsoft MSFT and Facebook FB are now exploring utility of blockchain technology to transform applications across a wide gamut of industries like banking, retail, supply chain management, healthcare and logistics. Riot Blockchain, Inc. (NASDAQ:RIOT) trade information. The change to Dede’s Riot model is not only a reflection of the heightened Bitcoin price, but also the company’s growing arsenal to mine it.