The stock of Riot Platforms Inc (NASDAQ: RIOT) has increased by 5.11 when compared to last closing price of 12.32. Despite this, the company has experienced a 2.37% gain in its stock price over the last five trading sessions. zacks.com reported 2024-12-06 that With Bitcoin breaching the highly-watched $100K mark, investors are fully coming around to the momentum in crypto. And these two miners have seen their shares pop thanks to the bullish price action in BTC.
Is It Worth Investing in Riot Platforms Inc (NASDAQ: RIOT) Right Now?
Riot Platforms Inc (NASDAQ: RIOT) has a higher price-to-earnings ratio of 44.35x compared to its average ratio. RIOT has 36-month beta value of 4.19. 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.”
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The public float for RIOT is 305.48M, and currently, short sellers hold a 13.48% ratio of that float. The average trading volume of RIOT on December 09, 2024 was 24.65M shares.
RIOT’s Market Performance
RIOT stock saw an increase of 2.37% in the past week, with a monthly gain of 5.71% and a quarterly increase of 90.16%. The volatility ratio for the week is 9.00%, and the volatility levels for the last 30 days are 10.07% for Riot Platforms Inc (RIOT). The simple moving average for the last 20 days is 3.40% for RIOT stock, with a simple moving average of 28.26% 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 23.45% 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 -30.93% of loss for the given period.
Volatility was left at 10.07%, however, over the last 30 days, the volatility rate increased by 9.00%, as shares surge +4.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +66.67% upper at present.
During the last 5 trading sessions, RIOT rose by +2.37%, which changed the moving average for the period of 200-days by -17.67% in comparison to the 20-day moving average, which settled at $12.52. In addition, Riot Platforms Inc saw -16.29% 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 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 12.72. The receivables turnover for the company is 10.19for 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.
