In the past week, RIOT stock has gone down by -11.09%, with a monthly decline of -4.94% and a quarterly surge of 57.57%. The volatility ratio for the week is 12.14%, and the volatility levels for the last 30 days are 10.58% for Riot Platforms Inc. The simple moving average for the past 20 days is -5.76% for RIOT’s stock, with a 15.59% simple moving average for the past 200 days.
Is It Worth Investing in Riot Platforms Inc (NASDAQ: RIOT) Right Now?
The price-to-earnings ratio for Riot Platforms Inc (NASDAQ: RIOT) is 39.55x, which is above its average ratio. Moreover, the 36-month beta value for RIOT is 4.20. Analysts have varying opinions on the stock, with 9 analysts rating it as a “buy,” 6 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for RIOT is 307.86M and currently, short sellers hold a 14.32% of that float. On December 23, 2024, RIOT’s average trading volume was 30.34M shares.
RIOT) stock’s latest price update
Riot Platforms Inc (NASDAQ: RIOT)’s stock price has soared by 3.22 in relation to previous closing price of 11.19. Nevertheless, the company has seen a loss of -11.09% in its stock price over the last five trading days. cnbc.com reported 2024-12-21 that Riot Platforms is in a solid position to capitalize on an opportunity to lease capacity to hyperscalers.
Analysts’ Opinion of RIOT
Many brokerage firms have already submitted their reports for RIOT stocks, with Piper Sandler repeating the rating for RIOT by listing it as a “Overweight.” The predicted price for RIOT in the upcoming period, according to Piper Sandler is $23 based on the research report published on December 17, 2024 of the current year 2024.
Macquarie, on the other hand, stated in their research note that they expect to see RIOT reach a price target of $15. The rating they have provided for RIOT stocks is “Outperform” according to the report published on September 25th, 2024.
Needham gave a rating of “Buy” to RIOT, setting the target price at $13 in the report published on July 24th of the current year.
RIOT Trading at 1.35% 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 -38.40% of loss for the given period.
Volatility was left at 10.58%, however, over the last 30 days, the volatility rate increased by 12.14%, as shares sank -1.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +49.22% upper at present.
During the last 5 trading sessions, RIOT fell by -11.09%, which changed the moving average for the period of 200-days by -3.51% in comparison to the 20-day moving average, which settled at $12.26. In addition, Riot Platforms Inc saw -25.34% 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 11.23. 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 bad 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.
