Riot Platforms Inc (NASDAQ: RIOT) has a higher price-to-earnings ratio of 14.04x compared to its average ratio. RIOT has 36-month beta value of 4.12. Analysts have mixed views 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 279.06M, and currently, short sellers hold a 18.03% ratio of that float. The average trading volume of RIOT on October 11, 2024 was 19.23M shares.
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RIOT) stock’s latest price update
The stock of Riot Platforms Inc (NASDAQ: RIOT) has increased by 5.36 when compared to last closing price of 7.74.Despite this, the company has seen a gain of 3.89% in its stock price over the last five trading days. zacks.com reported 2024-10-09 that From a technical perspective, Riot Platforms, Inc. (RIOT) is looking like an interesting pick, as it just reached a key level of support. RIOT’s 50-day simple moving average crossed above its 200-day simple moving average, which is known as a “golden cross” in the trading world.
RIOT’s Market Performance
Riot Platforms Inc (RIOT) has seen a 3.89% rise in stock performance for the week, with a 16.00% gain in the past month and a -28.96% plunge in the past quarter. The volatility ratio for the week is 5.40%, and the volatility levels for the past 30 days are at 5.10% for RIOT. The simple moving average for the past 20 days is 8.29% for RIOT’s stock, with a -22.54% simple moving average for the past 200 days.
Analysts’ Opinion of RIOT
Many brokerage firms have already submitted their reports for RIOT stocks, with Macquarie repeating the rating for RIOT by listing it as a “Outperform.” The predicted price for RIOT in the upcoming period, according to Macquarie is $15 based on the research report published on September 25, 2024 of the current year 2024.
Needham, on the other hand, stated in their research note that they expect to see RIOT reach a price target of $13, previously predicting the price at $15. The rating they have provided for RIOT stocks is “Buy” according to the report published on July 24th, 2024.
JP Morgan gave a rating of “Neutral” to RIOT, setting the target price at $12 in the report published on December 08th of the previous year.
RIOT Trading at 7.07% 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 -56.51% of loss for the given period.
Volatility was left at 5.10%, however, over the last 30 days, the volatility rate increased by 5.40%, as shares surge +11.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.50% lower at present.
During the last 5 trading sessions, RIOT rose by +2.69%, which changed the moving average for the period of 200-days by -53.54% in comparison to the 20-day moving average, which settled at $7.53. In addition, Riot Platforms Inc saw -47.29% 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 D’Ambrosio Lance Varro, who sale 25,000 shares at the price of $7.00 back on Sep 16 ’24. After this action, D’Ambrosio Lance Varro now owns 44,441 shares of Riot Platforms Inc, valued at $175,035 using the latest closing price.
D’Ambrosio Lance Varro, the Director of Riot Platforms Inc, proposed sale 25,000 shares at $6.96 during a trade that took place back on Sep 16 ’24, which means that D’Ambrosio Lance Varro is holding shares at $174,025 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 7.22. 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
To put it simply, Riot Platforms Inc (RIOT) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
