As of close of business last night, Riot Platforms Inc’s stock clocked out at $9.10, down -6.67% from its previous closing price of $9.75. On the day, 16989087 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 8.33 and its Current Ratio is at 8.33. 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:
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 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 8.22 while its Price-to-Book (P/B) ratio in mrq is 1.11.
Stock Price History:
Over the past 52 weeks, RIOT has reached a high of $20.65, while it has fallen to a 52-week low of $8.60.
Shares Statistics:
A total of 253.54M shares are outstanding, with a floating share count of 232.63M. Insiders hold about 8.23% of the company’s shares, while institutions hold 40.47% stake in the company.
Earnings Estimates
As of right now, IOT analysts gave their recommendation on the stock of the company. The consensus estimate for the next quarter is $15.09, with high estimates of $65.99 and low estimates of $9.10.
