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Riot Platforms Inc (NASDAQ: RIOT) closed the day trading at $7.53 down -1.95% from the previous closing price of $7.68. In other words, the price has decreased by -$1.95 from its previous closing price. On the day, 14.16 million shares were traded. RIOT stock price reached its highest trading level at $7.76 during the session, while it also had its lowest trading level at $7.52.
Ratios:
For a better understanding of RIOT, let’s look at its different ratios. 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, Needham on July 24, 2024, Reiterated its Buy rating but revised its target price to $13 from $15 previously.
On December 08, 2023, JP Morgan Upgraded its rating to Neutral which previously was Underweight and also upped its target price recommendation from $8 to $12.
On October 31, 2023, Bernstein started tracking the stock assigning a Outperform rating and target price of $15.60.Bernstein initiated its Outperform rating on October 31, 2023, with a $15.60 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 Aug 14 ’24 when Marleau Hubert sold 17,861 shares for $7.70 per share. The transaction valued at 137,530 led to the insider holds 66,000 shares of the business.
Marleau Hubert bought 17,861 shares of RIOT for $137,530 on Aug 14 ’24. On Aug 07 ’24, another insider, Cho Hannah, who serves as the Director of the company, sold 27,861 shares for $8.61 each. As a result, the insider received 239,883 and left with 81,290 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 2285535744 and an Enterprise Value of 1670445184. As of this moment, Riot’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.96. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.65. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.16 while its Price-to-Book (P/B) ratio in mrq is 0.83. Its current Enterprise Value per Revenue stands at 5.966 whereas that against EBITDA is 15.218.
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 $7.25. The 50-Day Moving Average of the stock is -19.75%, while the 200-Day Moving Average is calculated to be -34.47%.
Shares Statistics:
Over the past 3-months, RIOT traded about 21.75M shares per day on average, while over the past 10 days, RIOT traded about 15016990 shares per day. A total of 303.52M shares are outstanding, with a floating share count of 277.78M. Insiders hold about 8.48% of the company’s shares, while institutions hold 43.40% stake in the company. Shares short for RIOT as of 1723680000 were 51695975 with a Short Ratio of 2.38, compared to 1721001600 on 54724672. Therefore, it implies a Short% of Shares Outstanding of 51695975 and a Short% of Float of 17.21.
