In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
In the latest session, Riot Platforms Inc (NASDAQ: RIOT) closed at $10.42 up 1.17% from its previous closing price of $10.30. In other words, the price has increased by $1.17 from its previous closing price. On the day, 22.38 million shares were traded. RIOT stock price reached its highest trading level at $11.09 during the session, while it also had its lowest trading level at $10.28.
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 8.47 and its Current Ratio is at 8.47. 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 the company, JP Morgan on December 08, 2023, Upgraded its rating to Neutral and sets its target price to $12 from $8 previously.
On October 31, 2023, Bernstein started tracking the stock assigning a Outperform rating and target price of $15.60.
On October 11, 2023, JP Morgan started tracking the stock assigning a Underweight rating and target price of $6.50.JP Morgan initiated its Underweight rating on October 11, 2023, with a $6.50 target price.
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 Mar 15 ’24 when Werner Ryan D. sold 35,000 shares for $11.15 per share. The transaction valued at 390,250 led to the insider holds 462,759 shares of the business.
Cho Hannah sold 15,000 shares of RIOT for $261,300 on Feb 28 ’24. The Director now owns 85,151 shares after completing the transaction at $17.42 per share. On Dec 08 ’23, another insider, Jackman William Richard, who serves as the EVP, GENERAL COUNSEL of the company, sold 57,000 shares for $15.68 each. As a result, the insider received 893,669 and left with 947,557 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 3003363840 and an Enterprise Value of 2344988160. As of this moment, Riot’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.19, and their Forward P/E ratio for the next fiscal year is 42.69. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.71. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.49 while its Price-to-Book (P/B) ratio in mrq is 1.13. Its current Enterprise Value per Revenue stands at 8.178 whereas that against EBITDA is 9.836.
Stock Price History:
The Beta on a monthly basis for RIOT is 4.12, which has changed by -0.01811248 over the last 52 weeks, in comparison to a change of 0.22379243 over the same period for the S&P500. Over the past 52 weeks, RIOT has reached a high of $20.65, while it has fallen to a 52-week low of $7.80. The 50-Day Moving Average of the stock is -10.16%, while the 200-Day Moving Average is calculated to be -16.04%.
Shares Statistics:
For the past three months, RIOT has traded an average of 26.06M shares per day and 35159950 over the past ten days. A total of 288.79M shares are outstanding, with a floating share count of 265.00M. Insiders hold about 8.23% of the company’s shares, while institutions hold 35.73% stake in the company. Shares short for RIOT as of 1713139200 were 34475990 with a Short Ratio of 1.32, compared to 1710460800 on 33660210. Therefore, it implies a Short% of Shares Outstanding of 34475990 and a Short% of Float of 13.3.
Earnings Estimates
The firm’s stock currently is rated by 8.0 analysts. On average, analysts expect EPS of -$0.12 for the current quarter, with a high estimate of $0.08 and a low estimate of -$0.33, while EPS last year was -$0.17. The consensus estimate for the next quarter is -$0.05, with high estimates of $0.14 and low estimates of -$0.32.
Analysts are recommending an EPS of between $1.3 and -$1.22 for the fiscal current year, implying an average EPS of $0.07. EPS for the following year is $0.47, with 7.0 analysts recommending between $2.43 and -$1.33.
Revenue Estimates
A total of 10 analysts believe the company’s revenue will be $97.72M this quarter.It ranges from a high estimate of $139M to a low estimate of $61.3M. As of the current estimate, Riot Platforms Inc’s year-ago sales were $76.74MFor the next quarter, 10 analysts are estimating revenue of $121.21M. There is a high estimate of $182.5M for the next quarter, whereas the lowest estimate is $67.2M.
A total of 12 analysts have provided revenue estimates for RIOT’s current fiscal year. The highest revenue estimate was $607.8M, while the lowest revenue estimate was $315.8M, resulting in an average revenue estimate of $474.31M. In the same quarter a year ago, actual revenue was $280.68MBased on 9 analysts’ estimates, the company’s revenue will be $912.65M in the next fiscal year. The high estimate is $1.52B and the low estimate is $492.3M.
