Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
In the latest session, Riot Platforms Inc (NASDAQ: RIOT) closed at $11.56 down -5.79% from its previous closing price of $12.27. In other words, the price has decreased by -$5.79 from its previous closing price. On the day, 22.08 million shares were traded.
Ratios:
For a deeper understanding of Riot Platforms Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.68 and its Current Ratio is at 5.68. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
On December 17, 2024, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $23.
On September 25, 2024, Macquarie started tracking the stock assigning a Outperform rating and target price of $15.Macquarie initiated its Outperform rating on September 25, 2024, with a $15 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 10 ’24 when Les Jason sold 50,000 shares for $11.34 per share. The transaction valued at 567,000 led to the insider holds 1,019,911 shares of the business.
Jason Les bought 150,000 shares of RIOT for $1,681,500 on Dec 10 ’24. On Nov 18 ’24, another insider, Cho Hannah, who serves as the Director of the company, sold 10,025 shares for $12.57 each. As a result, the insider received 126,023 and left with 71,265 shares of the company.
Valuation Measures:
As of this moment, Riot’s Price-to-Earnings (P/E) ratio for their current fiscal year is 39.59. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 9.75. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.71 while its Price-to-Book (P/B) ratio in mrq is 1.36.
Stock Price History:
Over the past 52 weeks, RIOT has reached a high of $18.36, while it has fallen to a 52-week low of $6.36. The 50-Day Moving Average of the stock is -3.89%, while the 200-Day Moving Average is calculated to be 13.42%.
Shares Statistics:
A total of 324.28M shares are outstanding, with a floating share count of 319.10M. Insiders hold about 7.22% of the company’s shares, while institutions hold 57.25% stake in the company.
Earnings Estimates
The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between -$0.07 and -$0.07 for the fiscal current year, implying an average EPS of -$0.07. EPS for the following year is -$0.27, with 1.0 analysts recommending between -$0.27 and -$0.27.
Revenue Estimates
A total of 14 analysts believe the company’s revenue will be $139.11M this quarter.It ranges from a high estimate of $149.79M to a low estimate of $123.42M. As of the current estimate, Riot Platforms Inc’s year-ago sales were $78.81MFor the next quarter, 14 analysts are estimating revenue of $157.09M. There is a high estimate of $191.4M for the next quarter, whereas the lowest estimate is $117.35M.
A total of 15 analysts have provided revenue estimates for RIOT’s current fiscal year. The highest revenue estimate was $383.89M, while the lowest revenue estimate was $357.52M, resulting in an average revenue estimate of $372.66M. In the same quarter a year ago, actual revenue was $280.68MBased on 14 analysts’ estimates, the company’s revenue will be $685.46M in the next fiscal year. The high estimate is $880M and the low estimate is $545.69M.
