The price-to-earnings ratio for Riot Platforms Inc (NASDAQ: RIOT) is above average at 40.00x, Company’s 36-month beta value is 4.13.Analysts have differing opinions 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 floaft. The average trading volume of RIOT on November 22, 2024 was 22.77M shares.
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RIOT) stock’s latest price update
Riot Platforms Inc (NASDAQ: RIOT)’s stock price has decreased by -0.68 compared to its previous closing price of 11.76. However, the company has seen a -5.58% decrease 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 Platforms Inc (RIOT) has seen a -5.58% fall in stock performance for the week, with a 14.62% gain in the past month and a 39.71% surge in the past quarter. The volatility ratio for the week is 9.86%, and the volatility levels for the past 30 days are at 9.40% for RIOT. The simple moving average for the last 20 days is 0.23% for RIOT stock, with a simple moving average of 13.87% for the last 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 21.96% 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 -37.71% of loss for the given period.
Volatility was left at 9.40%, however, over the last 30 days, the volatility rate increased by 9.86%, as shares surge +20.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +61.22% upper at present.
During the last 5 trading sessions, RIOT fell by -6.16%, which changed the moving average for the period of 200-days by -11.05% in comparison to the 20-day moving average, which settled at $11.65. In addition, Riot Platforms Inc saw -24.50% 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 sale 10,025 shares at the price of $12.57 back on Nov 18 ’24. After this action, Cho Hannah now owns 71,265 shares of Riot Platforms Inc, valued at $126,023 using the latest closing price.
Cho Hannah, the Officer of Riot Platforms Inc, proposed sale 10,025 shares at $12.71 during a trade that took place back on Nov 14 ’24, which means that Cho Hannah is holding shares at $127,418 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 -2.38. When we switch over and look at the enterprise to sales, we see a ratio of 11.47. 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
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.
