Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The closing price of Riot Platforms Inc (NASDAQ: RIOT) was $13.54 for the day, up 4.23% from the previous closing price of $12.99. In other words, the price has increased by $4.23 from its previous closing price. On the day, 46.65 million shares were traded. RIOT stock price reached its highest trading level at $14.2299 during the session, while it also had its lowest trading level at $13.05.
Ratios:
Our analysis of RIOT’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 4656771584 and an Enterprise Value of 3984942848. As of this moment, Riot’s Price-to-Earnings (P/E) ratio for their current fiscal year is 46.37. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.88 while its Price-to-Book (P/B) ratio in mrq is 1.60. Its current Enterprise Value per Revenue stands at 12.735 whereas that against EBITDA is 30.784.
Stock Price History:
The Beta on a monthly basis for RIOT is 4.24, which has changed by 0.17229438 over the last 52 weeks, in comparison to a change of 0.23809385 over the same period for the S&P500. 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 10.23%, while the 200-Day Moving Average is calculated to be 34.55%.
Shares Statistics:
RIOT traded an average of 34.10M shares per day over the past three months and 36045770 shares per day over the past ten days. A total of 324.28M shares are outstanding, with a floating share count of 319.46M. Insiders hold about 7.11% of the company’s shares, while institutions hold 39.23% stake in the company. Shares short for RIOT as of 1735603200 were 66384016 with a Short Ratio of 1.95, compared to 1732838400 on 44071484. Therefore, it implies a Short% of Shares Outstanding of 66384016 and a Short% of Float of 19.479999.
