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.
As of close of business last night, Riot Platforms Inc’s stock clocked out at $10.46, down -9.83% from its previous closing price of $11.60. In other words, the price has decreased by -$9.83 from its previous closing price. On the day, 40.64 million shares were traded.
Ratios:
To gain a deeper understanding of RIOT’s stock, we examine its different ratios. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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:
As of this moment, Riot’s Price-to-Earnings (P/E) ratio for their current fiscal year is 35.82. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.82. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.50 while its Price-to-Book (P/B) ratio in mrq is 1.23.
Stock Price History:
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 -12.36%, while the 200-Day Moving Average is calculated to be 2.47%.
Shares Statistics:
A total of 324.28M shares are outstanding, with a floating share count of 319.54M. Insiders hold about 7.11% of the company’s shares, while institutions hold 57.14% stake in the company.
