Riot Platforms Inc (NASDAQ: RIOT) has a higher price-to-earnings ratio of 42.36x compared to its average ratio. RIOT has 36-month beta value of 4.13. Analysts have mixed views on the stock, with 9 analysts rating it as a “buy,” 5 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for RIOT is 305.47M, and currently, short sellers hold a 15.25% ratio of that float. The average trading volume of RIOT on November 18, 2024 was 21.38M shares.
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RIOT) stock’s latest price update
Riot Platforms Inc (NASDAQ: RIOT)’s stock price has plunge by 4.26relation to previous closing price of 11.86. Nevertheless, the company has seen a -3.43% plunge in its stock price over the last five trading sessions. invezz.com reported 2024-11-17 that Bitcoin has celebrated the return of Donald Trump to the White House in recent weeks and the momentum is unlikely to fade anytime soon, as per BCA Research analyst Dhaval Joshi. Joshi expects BTC to eventually be worth more than $200,000.
RIOT’s Market Performance
RIOT’s stock has fallen by -3.43% in the past week, with a monthly rise of 34.46% and a quarterly rise of 53.66%. The volatility ratio for the week is 12.67% while the volatility levels for the last 30 days are 8.51% for Riot Platforms Inc The simple moving average for the past 20 days is 11.28% for RIOT’s stock, with a 20.80% 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 36.17% 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 -34.03% of loss for the given period.
Volatility was left at 8.51%, however, over the last 30 days, the volatility rate increased by 12.67%, as shares surge +25.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +93.89% upper at present.
During the last 5 trading sessions, RIOT fell by -3.43%, which changed the moving average for the period of 200-days by +9.47% in comparison to the 20-day moving average, which settled at $11.12. In addition, Riot Platforms Inc saw -20.04% 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 10,025 shares at the price of $12.71 back on Nov 14 ’24. After this action, Cho Hannah now owns shares of Riot Platforms Inc, valued at $127,418 using the latest closing price.
D’Ambrosio Lance Varro, the Director of Riot Platforms Inc, sale 25,000 shares at $7.00 during a trade that took place back on Sep 16 ’24, which means that D’Ambrosio Lance Varro is holding 44,441 shares at $175,035 based on the most recent closing price.
Stock Fundamentals for RIOT
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- -0.07 for the gross margin
The net margin for Riot Platforms Inc stands at 0.17. The total capital return value is set at 0.01. Equity return is now at value 2.55, with 2.38 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 -10.59. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is 1.89.
Currently, EBITDA for the company is -2.79 million with net debt to EBITDA at -3.62. When we switch over and look at the enterprise to sales, we see a ratio of 12.1. The receivables turnover for the company is 20.39for 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 5.68.
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.
