In the past week, RIOT stock has gone up by 1.16%, with a monthly gain of 18.82% and a quarterly plunge of -2.33%. The volatility ratio for the week is 7.95%, and the volatility levels for the last 30 days are 8.86% for Riot Platforms Inc The simple moving average for the last 20 days is 2.40% for RIOT stock, with a simple moving average of -3.98% for the last 200 days.

Is It Worth Investing in Riot Platforms Inc (NASDAQ: RIOT) Right Now?

and a 36-month beta value of 4.14.

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The public float for RIOT is 196.12M, and at present, short sellers hold a 18.61% of that float. On November 20, 2023, the average trading volume of RIOT was 20.58M shares.

RIOT) stock’s latest price update

Riot Platforms Inc (NASDAQ: RIOT)’s stock price has increased by 3.15 compared to its previous closing price of 10.16. However, the company has seen a 1.16% increase in its stock price over the last five trading sessions. InvestorPlace reported 2023-11-15 that As we come close to the end of the year, it’s time to strategize for 2024 and introspect on the investment decisions taken this year. At the same time, investors look for stocks that can skyrocket at the blink of an eye.

Analysts’ Opinion of RIOT

Many brokerage firms have already submitted their reports for RIOT stocks, with Bernstein repeating the rating for RIOT by listing it as a “Outperform.” The predicted price for RIOT in the upcoming period, according to Bernstein is $15.60 based on the research report published on October 31, 2023 of the current year 2023.

RIOT Trading at 5.62% from the 50-Day Moving Average

After a stumble in the market that brought RIOT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -49.25% of loss for the given period.

Volatility was left at 8.86%, however, over the last 30 days, the volatility rate increased by 7.95%, as shares surge +18.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.29% lower at present.

During the last 5 trading sessions, RIOT rose by +1.16%, which changed the moving average for the period of 200-days by +39.92% in comparison to the 20-day moving average, which settled at $10.31. In addition, Riot Platforms Inc saw 209.14% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at RIOT starting from Marleau Hubert, who sale 51,165 shares at the price of $12.28 back on Aug 17. After this action, Marleau Hubert now owns 27,860 shares of Riot Platforms Inc, valued at $628,306 using the latest closing price.

D’Ambrosio Lance Varro, the Director of Riot Platforms Inc, sale 26,000 shares at $19.16 during a trade that took place back on Jul 17, which means that D’Ambrosio Lance Varro is holding 13,441 shares at $498,160 based on the most recent closing price.

Stock Fundamentals for RIOT

Equity return is now at value -21.55, with -19.56 for asset returns.

Conclusion

To sum up, Riot Platforms Inc (RIOT) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.