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The price of Riot Platforms Inc (NASDAQ: RIOT) closed at $6.96 in the last session, down -3.33% from day before closing price of $7.20. In other words, the price has decreased by -$3.33 from its previous closing price. On the day, 11.96 million shares were traded. RIOT stock price reached its highest trading level at $7.09 during the session, while it also had its lowest trading level at $6.83.
Ratios:
We take a closer look at RIOT’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 7.65 and its Current Ratio is at 7.65. 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, Needham on July 24, 2024, Reiterated its Buy rating but revised its target price to $13 from $15 previously.
On December 08, 2023, JP Morgan Upgraded its rating to Neutral which previously was Underweight and also upped its target price recommendation from $8 to $12.
On October 31, 2023, Bernstein started tracking the stock assigning a Outperform rating and target price of $15.60.Bernstein initiated its Outperform rating on October 31, 2023, with a $15.60 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Sep 16 ’24 when D’Ambrosio Lance Varro bought 25,000 shares for $6.96 per share.
Marleau Hubert sold 17,861 shares of RIOT for $137,530 on Aug 14 ’24. The Director now owns 66,000 shares after completing the transaction at $7.70 per share. On Aug 14 ’24, another insider, Marleau Hubert, who serves as the Director of the company, bought 17,861 shares for $7.70 each.
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 2185370624 and an Enterprise Value of 1497436544. As of this moment, Riot’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.98. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.60. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.54 while its Price-to-Book (P/B) ratio in mrq is 0.76. Its current Enterprise Value per Revenue stands at 5.348 whereas that against EBITDA is 13.642.
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 -21.59%, while the 200-Day Moving Average is calculated to be -38.38%.
Shares Statistics:
According to the various share statistics, RIOT traded on average about 19.89M shares per day over the past 3-months and 14054310 shares per day over the past 10 days. A total of 303.52M shares are outstanding, with a floating share count of 279.03M. Insiders hold about 8.07% of the company’s shares, while institutions hold 43.42% stake in the company. Shares short for RIOT as of 1724976000 were 50137464 with a Short Ratio of 2.52, compared to 1722384000 on 51226818. Therefore, it implies a Short% of Shares Outstanding of 50137464 and a Short% of Float of 16.690001.
