The price-to-earnings ratio for Riot Platforms Inc (NASDAQ: RIOT) is above average at 12.35x. The 36-month beta value for RIOT is also noteworthy at 4.12. 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 279.03M, and at present, short sellers hold a 17.97% of that float. The average trading volume of RIOT on September 13, 2024 was 19.97M shares.
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RIOT) stock’s latest price update
Riot Platforms Inc (NASDAQ: RIOT) has seen a rise in its stock price by 2.06 in relation to its previous close of 7.03. However, the company has experienced a 12.46% gain in its stock price over the last five trading sessions. fool.com reported 2024-09-12 that Bitcoin and other crypto-related stocks shook off economic and political news this week they might have otherwise not responded as well to. Barclays recently initiated MicroStrategy with an overweight rating.
RIOT’s Market Performance
Riot Platforms Inc (RIOT) has seen a 12.46% rise in stock performance for the week, with a -6.21% decline in the past month and a -34.65% plunge in the past quarter. The volatility ratio for the week is 6.97%, and the volatility levels for the past 30 days are at 5.94% for RIOT. The simple moving average for the past 20 days is -4.74% for RIOT’s stock, with a -36.61% simple moving average for the past 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 -19.60% 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 -61.73% of loss for the given period.
Volatility was left at 5.94%, however, over the last 30 days, the volatility rate increased by 6.97%, as shares sank -6.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.03% lower at present.
During the last 5 trading sessions, RIOT rose by +12.46%, which changed the moving average for the period of 200-days by -39.30% in comparison to the 20-day moving average, which settled at $7.51. In addition, Riot Platforms Inc saw -53.62% 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 Marleau Hubert, who sale 17,861 shares at the price of $7.70 back on Aug 14 ’24. After this action, Marleau Hubert now owns 66,000 shares of Riot Platforms Inc, valued at $137,530 using the latest closing price.
Marleau Hubert, the Director of Riot Platforms Inc, proposed sale 17,861 shares at $7.70 during a trade that took place back on Aug 14 ’24, which means that Marleau Hubert is holding shares at $137,530 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 6.11. 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.
