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The price of Riot Platforms Inc (NASDAQ: RIOT) closed at $7.82 in the last session, down -4.17% from day before closing price of $8.16. In other words, the price has decreased by -$4.17 from its previous closing price. On the day, 18.72 million shares were traded. RIOT stock price reached its highest trading level at $8.21 during the session, while it also had its lowest trading level at $7.76.
Ratios:
We take a closer look at RIOT’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 7.65 and its Current Ratio is at 7.65. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Sep 16 ’24 when D’Ambrosio Lance Varro sold 25,000 shares for $7.00 per share. The transaction valued at 175,035 led to the insider holds 44,441 shares of the business.
D’Ambrosio Lance Varro bought 25,000 shares of RIOT for $174,025 on Sep 16 ’24. On Aug 14 ’24, another insider, Marleau Hubert, who serves as the Director of the company, sold 17,861 shares for $7.70 each. As a result, the insider received 137,530 and left with 66,000 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 2373557760 and an Enterprise Value of 1758467200. As of this moment, Riot’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.46. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.67. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.48 while its Price-to-Book (P/B) ratio in mrq is 0.86. Its current Enterprise Value per Revenue stands at 6.28 whereas that against EBITDA is 16.02.
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 1.70%, while the 200-Day Moving Average is calculated to be -26.40%.
Shares Statistics:
According to the various share statistics, RIOT traded on average about 19.28M shares per day over the past 3-months and 18793970 shares per day over the past 10 days. A total of 303.52M shares are outstanding, with a floating share count of 279.06M. Insiders hold about 8.06% of the company’s shares, while institutions hold 43.82% stake in the company. Shares short for RIOT as of 1726185600 were 48710603 with a Short Ratio of 2.53, compared to 1723680000 on 51695975. Therefore, it implies a Short% of Shares Outstanding of 48710603 and a Short% of Float of 16.219998999999998.
