The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
As of close of business last night, Riot Platforms Inc’s stock clocked out at $11.55, up 3.22% from its previous closing price of $11.19. In other words, the price has increased by $3.22 from its previous closing price. On the day, 33.44 million shares were traded. RIOT stock price reached its highest trading level at $11.7 during the session, while it also had its lowest trading level at $10.79.
Ratios:
To gain a deeper understanding of RIOT’s stock, we examine its different 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, Piper Sandler on December 17, 2024, initiated with a Overweight rating and assigned the stock a target price of $23.
On September 25, 2024, Macquarie started tracking the stock assigning a Outperform rating and target price of $15.
Needham reiterated its Buy rating for the stock on July 24, 2024, while the target price for the stock was revised from $15 to $13.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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:
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 3972357120 and an Enterprise Value of 3323614976. As of this moment, Riot’s Price-to-Earnings (P/E) ratio for their current fiscal year is 39.55. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.98. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.66 while its Price-to-Book (P/B) ratio in mrq is 1.36. Its current Enterprise Value per Revenue stands at 10.622 whereas that against EBITDA is 25.675.
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 1.35%, while the 200-Day Moving Average is calculated to be 15.59%.
Shares Statistics:
It appears that RIOT traded 30.34M shares on average per day over the past three months and 52684890 shares per day over the past ten days. A total of 324.28M shares are outstanding, with a floating share count of 307.86M. Insiders hold about 7.36% of the company’s shares, while institutions hold 40.38% stake in the company. Shares short for RIOT as of 1732838400 were 44071484 with a Short Ratio of 1.45, compared to 1730332800 on 46583934. Therefore, it implies a Short% of Shares Outstanding of 44071484 and a Short% of Float of 13.389999999999999.
