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Riot Platforms Inc (NASDAQ: RIOT) closed the day trading at $9.92 up 1.85% from the previous closing price of $9.74. In other words, the price has increased by $1.85 from its previous closing price. On the day, 15.12 million shares were traded. RIOT stock price reached its highest trading level at $9.965 during the session, while it also had its lowest trading level at $9.3.
Ratios:
For a better understanding of RIOT, let’s look at its different ratios. 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, 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 16 ’24 when D’Ambrosio Lance Varro sold 25,000 shares for $7.00 per share. The transaction valued at 175,035 led to the insider holds 44,441 shares of the business.
D’Ambrosio Lance Varro bought 25,000 shares of RIOT for $174,025 on Sep 16 ’24. On Aug 14 ’24, another insider, Marleau Hubert, who serves as the Director of the company, sold 17,861 shares for $7.70 each. As a result, the insider received 137,530 and left with 66,000 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 3010958080 and an Enterprise Value of 2395867648. As of this moment, Riot’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.08. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.85. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.75 while its Price-to-Book (P/B) ratio in mrq is 1.09. Its current Enterprise Value per Revenue stands at 8.556 whereas that against EBITDA is 21.827.
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 27.34%, while the 200-Day Moving Average is calculated to be -3.62%.
Shares Statistics:
Over the past 3-months, RIOT traded about 18.01M shares per day on average, while over the past 10 days, RIOT traded about 20593200 shares per day. A total of 303.52M shares are outstanding, with a floating share count of 279.06M. Insiders hold about 8.06% of the company’s shares, while institutions hold 43.86% stake in the company. Shares short for RIOT as of 1727654400 were 50306475 with a Short Ratio of 2.79, compared to 1724976000 on 50137464. Therefore, it implies a Short% of Shares Outstanding of 50306475 and a Short% of Float of 16.75.
