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The closing price of Riot Platforms Inc (NASDAQ: RIOT) was $12.37 for the day, up 4.26% from the previous closing price of $11.86. In other words, the price has increased by $4.26 from its previous closing price. On the day, 25.11 million shares were traded. RIOT stock price reached its highest trading level at $12.395 during the session, while it also had its lowest trading level at $11.46.
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.
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:
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 Nov 14 ’24 when Cho Hannah bought 10,025 shares for $12.71 per share.
D’Ambrosio Lance Varro sold 25,000 shares of RIOT for $175,035 on Sep 16 ’24. The Director now owns 44,441 shares after completing the transaction at $7.00 per share. On Sep 16 ’24, another insider, D’Ambrosio Lance Varro, who serves as the Director of the company, bought 25,000 shares for $6.96 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 4110872832 and an Enterprise Value of 3596121856. As of this moment, Riot’s Price-to-Earnings (P/E) ratio for their current fiscal year is 42.36. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.12. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.70 while its Price-to-Book (P/B) ratio in mrq is 1.46. Its current Enterprise Value per Revenue stands at 11.492 whereas that against EBITDA is 27.78.
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 36.17%, while the 200-Day Moving Average is calculated to be 20.80%.
Shares Statistics:
RIOT traded an average of 21.38M shares per day over the past three months and 38633210 shares per day over the past ten days. A total of 332.33M shares are outstanding, with a floating share count of 305.47M. Insiders hold about 8.06% of the company’s shares, while institutions hold 40.14% stake in the company. Shares short for RIOT as of 1730332800 were 46583934 with a Short Ratio of 2.18, compared to 1727654400 on 50306475. Therefore, it implies a Short% of Shares Outstanding of 46583934 and a Short% of Float of 14.149999999999999.
