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Riot Platforms Inc (NASDAQ: RIOT) closed the day trading at $11.59 down -5.31% from the previous closing price of $12.24. In other words, the price has decreased by -$5.31 from its previous closing price. On the day, 20.28 million shares were traded. RIOT stock price reached its highest trading level at $12.44 during the session, while it also had its lowest trading level at $11.465.
Ratios:
For a better understanding of RIOT, let’s look at its different 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:
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 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 3534729728 and an Enterprise Value of 2682866432. As of this moment, Riot’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.78. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.79. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.67 while its Price-to-Book (P/B) ratio in mrq is 1.25. Its current Enterprise Value per Revenue stands at 9.357 whereas that against EBITDA is 11.253.
Stock Price History:
The Beta on a monthly basis for RIOT is 4.17, which has changed by -0.37181574 over the last 52 weeks, in comparison to a change of 0.21656322 over the same period for the S&P500. Over the past 52 weeks, RIOT has reached a high of $19.20, while it has fallen to a 52-week low of $7.80. The 50-Day Moving Average of the stock is 14.15%, while the 200-Day Moving Average is calculated to be -0.49%.
Shares Statistics:
Over the past 3-months, RIOT traded about 23.92M shares per day on average, while over the past 10 days, RIOT traded about 29210410 shares per day. A total of 288.79M shares are outstanding, with a floating share count of 264.27M. Insiders hold about 8.49% of the company’s shares, while institutions hold 41.59% stake in the company. Shares short for RIOT as of 1719532800 were 61723485 with a Short Ratio of 2.58, compared to 1717113600 on 50142187. Therefore, it implies a Short% of Shares Outstanding of 61723485 and a Short% of Float of 21.61.
