The price-to-earnings ratio for Riot Platforms Inc (NASDAQ: RIOT) is above average at 14.66x, Company’s 36-month beta value is 4.12.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for RIOT is 265.00M, and currently, short sellers hold a 13.01% ratio of that floaft. The average trading volume of RIOT on May 07, 2024 was 26.01M shares.
RIOT) stock’s latest price update
Riot Platforms Inc (NASDAQ: RIOT)’s stock price has plunge by 3.36relation to previous closing price of 10.42. Nevertheless, the company has seen a -2.80% plunge in its stock price over the last five trading sessions. The Motley Fool reported 2024-05-03 that Bitcoin was down after weak economic news and hawkish news from the Federal Reserve. As growth stocks fell, Bitcoin did as well, and a late rally couldn’t save the week’s losses.
RIOT’s Market Performance
Riot Platforms Inc (RIOT) has experienced a -2.80% fall in stock performance for the past week, with a 5.59% rise in the past month, and a 4.16% rise in the past quarter. The volatility ratio for the week is 7.77%, and the volatility levels for the past 30 days are at 7.78% for RIOT. The simple moving average for the past 20 days is 6.88% for RIOT’s stock, with a -12.92% simple moving average for the past 200 days.
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 -6.29% 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 -47.85% of loss for the given period.
Volatility was left at 7.78%, however, over the last 30 days, the volatility rate increased by 7.77%, as shares surge +7.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -27.47% lower at present.
During the last 5 trading sessions, RIOT fell by -2.80%, which changed the moving average for the period of 200-days by -41.69% in comparison to the 20-day moving average, which settled at $10.11. In addition, Riot Platforms Inc saw -30.38% 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:
- -0.22 for the present operating margin
- 0.06 for the gross margin
The net margin for Riot Platforms Inc stands at 0.76. The total capital return value is set at -0.03. Equity return is now at value 12.22, with 11.29 for asset returns.
Based on Riot Platforms Inc (RIOT), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -15.96. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -3.22.
Currently, EBITDA for the company is -194.88 million with net debt to EBITDA at 2.86. When we switch over and look at the enterprise to sales, we see a ratio of 8.53. The receivables turnover for the company is 10.46for trailing twelve months and the total asset turnover is 0.11. The liquidity ratio also appears to be rather interesting for investors as it stands at 8.47.
Conclusion
In a nutshell, Riot Platforms Inc (RIOT) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
