Riot Blockchain Cryptocurrencies are Struggling and Sypris Solutions Confirmed Space Contract 🚀

Riot Blockchain Cryptocurrencies are Struggling and Sypris Solutions Confirmed Space Contract

Riot Blockchain  

Riot has become a very popular stock. As a crypto mining company, they have enjoyed the wild increase in digital currency prices. They themselves have seen a great rise in their stock, with an 833.25% increase in the last 6 months.

However, cryptocurrencies have been falling a lot lately, and Riot’s stock price has clearly been affected by that. It is currently down 53.16% from its 52-week high, and the stock has continued to struggle. Many see the stock as highly overvalued, with Riot having a $3 billion market cap but only $12 million in revenue.

Riot closed at $36.49 on Thursday, down 11.67% on the day.

Sypris Solutions

Sypris has a small cap with a market capitalization of $60.238 million, the aerospace company from Louisville, Kentucky is fairly unknown.

Fortunate news arrived on Thursday after hours. It was announced that Sypris Electronics, a subsidiary of the company, received a contract from the United States Department of Defense. This contract is to manufacture and test assemblies for a government program. Sypris beat out other companies to receive this contract, sending the stock flying.

The company closed at $2.81 but rose to $4 after hours.

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

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