Overall market sentiment has been neutral on Riot Blockchain Inc (RIOT) stock lately. RIOT receives a Neutral rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With RIOT Stock Today?
Riot Blockchain Inc (RIOT) stock is trading at $34.92 as of 1:19 PM on Thursday, Jun 17, an increase of $0.72, or 2.11% from the previous closing price of $34.20. The stock has traded between $33.91 and $35.92 so far today. Volume today is light. So far 6,775,619 shares have traded compared to average volume of 18,415,506 shares.
More About Riot Blockchain Inc
Riot Blockchain Inc is focused on building, supporting, and operating blockchain technologies. Distributed blockchain technology is a decentralized and encrypted ledger that is designed to offer a secure, efficient, verifiable, and permanent way of storing records and other information without the need for intermediaries. It serves as a medium of exchange, store of value, or unit of account. It operates in a single segment of cryptocurrency mining. The company's portfolio consists of Verady, Tesspay, Coinsquare, and others.