Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
In the latest session, Riot Platforms Inc (NASDAQ: RIOT) closed at $11.21 down -13.44% from its previous closing price of $12.95. In other words, the price has decreased by -$13.44 from its previous closing price. On the day, 76.38 million shares were traded. RIOT stock price reached its highest trading level at $12.14 during the session, while it also had its lowest trading level at $11.02.
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.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Macquarie on September 25, 2024, initiated with a Outperform rating and assigned the stock a target price of $15.
On July 24, 2024, Needham reiterated its Buy rating and also upped its target price recommendation from $15 to $13.
JP Morgan Upgraded its Underweight to Neutral on December 08, 2023, whereas the target price for the stock was revised from $8 to $12.
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 Nov 18 ’24 when Cho Hannah sold 10,025 shares for $12.57 per share. The transaction valued at 126,023 led to the insider holds 71,265 shares of the business.
Cho Hannah bought 10,025 shares of RIOT for $127,418 on Nov 14 ’24. On Sep 16 ’24, another insider, D’Ambrosio Lance Varro, who serves as the Director of the company, sold 25,000 shares for $7.00 each. As a result, the insider received 175,035 and left with 44,441 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RIOT now has a Market Capitalization of 3725374720 and an Enterprise Value of 3210624256. As of this moment, Riot’s Price-to-Earnings (P/E) ratio for their current fiscal year is 38.39. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.92. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.51 while its Price-to-Book (P/B) ratio in mrq is 1.32. Its current Enterprise Value per Revenue stands at 10.26 whereas that against EBITDA is 24.802.
Stock Price History:
Over the past 52 weeks, RIOT has reached a high of $18.75, while it has fallen to a 52-week low of $6.36. The 50-Day Moving Average of the stock is 6.18%, while the 200-Day Moving Average is calculated to be 11.23%.
Shares Statistics:
For the past three months, RIOT has traded an average of 24.83M shares per day and 26881140 over the past ten days. A total of 324.28M shares are outstanding, with a floating share count of 305.48M. Insiders hold about 8.08% of the company’s shares, while institutions hold 40.40% stake in the company. Shares short for RIOT as of 1731628800 were 41193334 with a Short Ratio of 1.66, compared to 1728950400 on 50325831. Therefore, it implies a Short% of Shares Outstanding of 41193334 and a Short% of Float of 12.520000000000001.
