In the past week, RIOT stock has gone down by -10.78%, with a monthly decline of -22.42% and a quarterly plunge of -30.48%. The volatility ratio for the week is 5.90%, and the volatility levels for the last 30 days are 6.81% for Riot Platforms Inc The simple moving average for the past 20 days is -18.10% for RIOT’s stock, with a -28.95% simple moving average for the past 200 days.
Is It Worth Investing in Riot Platforms Inc (NASDAQ: RIOT) Right Now?
Additionally, the 36-month beta value for RIOT is 4.21. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for RIOT is 232.63M and currently, short sellers hold a 13.41% ratio of that float. The average trading volume of RIOT on April 15, 2024 was 24.79M shares.
RIOT) stock’s latest price update
The stock price of Riot Platforms Inc (NASDAQ: RIOT) has plunged by -6.67 when compared to previous closing price of 9.75, but the company has seen a -10.78% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-12 that Recently, Zacks.com users have been paying close attention to Riot Platforms, Inc. (RIOT). This makes it worthwhile to examine what the stock has in store.
Analysts’ Opinion of RIOT
Many brokerage firms have already submitted their reports for RIOT stocks, with JP Morgan repeating the rating for RIOT by listing it as a “Neutral.” The predicted price for RIOT in the upcoming period, according to JP Morgan is $12 based on the research report published on December 08, 2023 of the previous year 2023.
Bernstein, on the other hand, stated in their research note that they expect to see RIOT reach a price target of $15.60. The rating they have provided for RIOT stocks is “Outperform” according to the report published on October 31st, 2023.
JP Morgan gave a rating of “Underweight” to RIOT, setting the target price at $6.50 in the report published on October 11th of the previous year.
RIOT Trading at -28.35% 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 -55.93% of loss for the given period.
Volatility was left at 6.81%, however, over the last 30 days, the volatility rate increased by 5.90%, as shares sank -16.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.51% lower at present.
During the last 5 trading sessions, RIOT fell by -10.78%, which changed the moving average for the period of 200-days by -21.89% in comparison to the 20-day moving average, which settled at $11.02. In addition, Riot Platforms Inc saw -41.18% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RIOT starting from Werner Ryan D., who sale 35,000 shares at the price of $11.15 back on Mar 15 ’24. After this action, Werner Ryan D. now owns 462,759 shares of Riot Platforms Inc, valued at $390,250 using the latest closing price.
Cho Hannah, the Director of Riot Platforms Inc, sale 15,000 shares at $17.42 during a trade that took place back on Feb 28 ’24, which means that Cho Hannah is holding 85,151 shares at $261,300 based on the most recent closing price.
Stock Fundamentals for RIOT
Current profitability levels for the company are sitting at:
- -0.24 for the present operating margin
- 0.09 for the gross margin
The net margin for Riot Platforms Inc stands at -0.18. The total capital return value is set at -0.04. Equity return is now at value -3.26, with -2.88 for asset returns.
Based on Riot Platforms Inc (RIOT), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 1.55. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -20.45.
Currently, EBITDA for the company is -194.88 million with net debt to EBITDA at 2.73. When we switch over and look at the enterprise to sales, we see a ratio of 6.17. The receivables turnover for the company is 7.01for trailing twelve months and the total asset turnover is 0.14. The liquidity ratio also appears to be rather interesting for investors as it stands at 8.33.
Conclusion
In conclusion, Riot Platforms Inc (RIOT) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
