The price-to-earnings ratio for Riot Platforms Inc (NASDAQ: RIOT) is above average at 13.97x. The 36-month beta value for RIOT is also noteworthy at 4.15. 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 277.76M, and at present, short sellers hold a 19.70% of that float. The average trading volume of RIOT on August 09, 2024 was 22.30M shares.
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RIOT) stock’s latest price update
The stock price of Riot Platforms Inc (NASDAQ: RIOT) has dropped by -2.11 compared to previous close of 8.29. Despite this, the company has seen a fall of -5.31% in its stock price over the last five trading days. investorplace.com reported 2024-08-08 that I’ll admit, I was quite optimistic about where the crypto market was heading leading up to the Bitcoin ( BTC-USD ) halving earlier this year and in the months that followed. The stars seemed to be aligning.
RIOT’s Market Performance
RIOT’s stock has fallen by -5.31% in the past week, with a monthly drop of -12.84% and a quarterly drop of -21.06%. The volatility ratio for the week is 11.75% while the volatility levels for the last 30 days are 9.98% for Riot Platforms Inc The simple moving average for the last 20 days is -22.04% for RIOT’s stock, with a simple moving average of -30.47% for the last 200 days.
Analysts’ Opinion of RIOT
Many brokerage firms have already submitted their reports for RIOT stocks, with Needham repeating the rating for RIOT by listing it as a “Buy.” The predicted price for RIOT in the upcoming period, according to Needham is $13 based on the research report published on July 24, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see RIOT reach a price target of $12, previously predicting the price at $8. The rating they have provided for RIOT stocks is “Neutral” according to the report published on December 08th, 2023.
Bernstein gave a rating of “Outperform” to RIOT, setting the target price at $15.60 in the report published on October 31st of the previous year.
RIOT Trading at -19.17% 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 -56.72% of loss for the given period.
Volatility was left at 9.98%, however, over the last 30 days, the volatility rate increased by 11.75%, as shares sank -17.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.25% lower at present.
During the last 5 trading sessions, RIOT fell by -5.78%, which changed the moving average for the period of 200-days by -16.49% in comparison to the 20-day moving average, which settled at $10.32. In addition, Riot Platforms Inc saw -47.54% 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 Cho Hannah, who proposed sale 27,861 shares at the price of $8.61 back on Aug 07 ’24. After this action, Cho Hannah now owns shares of Riot Platforms Inc, valued at $239,883 using the latest closing price.
Cho Hannah, the Director of Riot Platforms Inc, sale 27,861 shares at $8.61 during a trade that took place back on Aug 07 ’24, which means that Cho Hannah is holding 81,290 shares at $239,883 based on the most recent closing price.
Stock Fundamentals for RIOT
Current profitability levels for the company are sitting at:
- 0.4 for the present operating margin
- 0.05 for the gross margin
The net margin for Riot Platforms Inc stands at 0.58. The total capital return value is set at 0.04. Equity return is now at value 8.43, with 7.90 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 -16.52. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is 4.88.
Currently, EBITDA for the company is -194.88 million with net debt to EBITDA at -18.5. When we switch over and look at the enterprise to sales, we see a ratio of 7.16. The receivables turnover for the company is 10.01for trailing twelve months and the total asset turnover is 0.1. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.65.
Conclusion
In summary, Riot Platforms Inc (RIOT) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
