The price of Riot Platforms Inc (NASDAQ: RIOT) closed at $10.20 in the last session, up 0.10% from day before closing price of $10.19. In other words, the price has increased by $+0.01 from its previous closing price. On the day, 17349477 shares were traded.
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 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:
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 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 2.59B and an Enterprise Value of 1.70B. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.21 while its Price-to-Book (P/B) ratio in mrq is 1.25. Its current Enterprise Value per Revenue stands at 6.05 whereas that against EBITDA is -609.50.
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. The 50-Day Moving Average of the stock is 12.81, while the 200-Day Moving Average is calculated to be 12.84.
Shares Statistics:
According to the various share statistics, RIOT traded on average about 26.68M shares per day over the past 3-months and 20.36M shares per day over the past 10 days. A total of 230.84M shares are outstanding, with a floating share count of 227.91M. Insiders hold about 10.11% of the company’s shares, while institutions hold 40.91% stake in the company. Shares short for RIOT as of Mar 15, 2024 were 33.66M with a Short Ratio of 1.26, compared to 31.07M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 13.28% and a Short% of Float of 13.75%.
Earnings Estimates
The company has 9 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.14 for the current quarter, with a high estimate of $0.25 and a low estimate of -$0.31, while EPS last year was -$0.33. The consensus estimate for the next quarter is -$0.15, with high estimates of $0.22 and low estimates of -$0.37.
Analysts are recommending an EPS of between $1.02 and -$1.33 for the fiscal current year, implying an average EPS of -$0.35. EPS for the following year is $0.49, with 7 analysts recommending between $2.43 and -$1.33.
Revenue Estimates
According to 10 analysts, the current quarter’s revenue is expected to be $98.43M. It ranges from a high estimate of $124.1M to a low estimate of $85.5M. As of the current estimate, Riot Platforms Inc’s year-ago sales were $73.24M, an estimated increase of 34.40% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $98.85M, an increase of 28.80% less than the figure of $34.40% in the same quarter last year. There is a high estimate of $139M for the next quarter, whereas the lowest estimate is $70.98M.
A total of 11 analysts have provided revenue estimates for RIOT’s current fiscal year. The highest revenue estimate was $637M, while the lowest revenue estimate was $329.5M, resulting in an average revenue estimate of $482.87M. In the same quarter a year ago, actual revenue was $280.68M, up 72.00% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $904.58M in the next fiscal year. The high estimate is $1.52B and the low estimate is $401.8M. The average revenue growth estimate for next year is up 87.30% from the average revenue estimate for this year.
