Riot Platforms Inc (NASDAQ: RIOT) has seen a rise in its stock price by 5.35 in relation to its previous close of 12.33. However, the company has experienced a 0.31% gain in its stock price over the last five trading sessions. fool.com reported 2024-12-12 that News of a prominent investor’s entry into Riot Platforms (RIOT 4.76%) juiced the cryptocurrency miner and investor’s stock on Thursday. Eager investors piled into its shares, sending their value almost 5% higher on the day.
Is It Worth Investing in Riot Platforms Inc (NASDAQ: RIOT) Right Now?
The price-to-earnings ratio for Riot Platforms Inc (NASDAQ: RIOT) is 44.49x, which is above its average ratio. Moreover, the 36-month beta value for RIOT is 4.19. Analysts have varying opinions on the stock, with 9 analysts rating it as a “buy,” 5 as “overweight,” 1 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for RIOT is 307.86M and currently, short sellers hold a 14.32% of that float. On December 16, 2024, RIOT’s average trading volume was 28.27M shares.
RIOT’s Market Performance
RIOT stock saw an increase of 0.31% in the past week, with a monthly gain of 2.53% and a quarterly increase of 86.64%. The volatility ratio for the week is 9.71%, and the volatility levels for the last 30 days are 9.59% for Riot Platforms Inc (RIOT). The simple moving average for the last 20 days is 6.86% for RIOT stock, with a simple moving average of 29.90% 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 18.77% 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 -30.72% of loss for the given period.
Volatility was left at 9.59%, however, over the last 30 days, the volatility rate increased by 9.71%, as shares surge +9.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +74.83% upper at present.
During the last 5 trading sessions, RIOT rose by +0.31%, which changed the moving average for the period of 200-days by -8.00% in comparison to the 20-day moving average, which settled at $12.16. In addition, Riot Platforms Inc saw -16.03% 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 Les Jason, who sale 50,000 shares at the price of $11.34 back on Dec 10 ’24. After this action, Les Jason now owns 1,019,911 shares of Riot Platforms Inc, valued at $567,000 using the latest closing price.
Jason Les, the CEO of Riot Platforms Inc, proposed sale 150,000 shares at $11.21 during a trade that took place back on Dec 10 ’24, which means that Jason Les is holding shares at $1,681,500 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 12.76. 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 wrap up, the performance of Riot Platforms Inc (RIOT) has been mixed in recent times. The stock has received a bullish of “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.
