In the latest session, Riot Platforms Inc (NASDAQ: RIOT) closed at $15.65 down -6.85% from its previous closing price of $16.80. In other words, the price has decreased by -$1.15 from its previous closing price. On the day, 59749531 shares were traded. RIOT stock price reached its highest trading level at $17.59 during the session, while it also had its lowest trading level at $15.24.
Ratios:
For a deeper understanding of Riot Platforms Inc’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 08 when Jackman William Richard sold 57,000 shares for $15.68 per share. The transaction valued at 893,669 led to the insider holds 947,557 shares of the business.
Marleau Hubert sold 51,165 shares of RIOT for $628,306 on Aug 17. The Director now owns 27,860 shares after completing the transaction at $12.28 per share. On Jul 17, another insider, D’Ambrosio Lance Varro, who serves as the Director of the company, sold 26,000 shares for $19.16 each. As a result, the insider received 498,160 and left with 13,441 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 3.97B and an Enterprise Value of 3.09B. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.51 while its Price-to-Book (P/B) ratio in mrq is 1.91. Its current Enterprise Value per Revenue stands at 10.99 whereas that against EBITDA is -1.11k.
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 $5.16. The 50-Day Moving Average of the stock is 14.16, while the 200-Day Moving Average is calculated to be 12.70.
Shares Statistics:
For the past three months, RIOT has traded an average of 30.49M shares per day and 27.24M over the past ten days. A total of 230.84M shares are outstanding, with a floating share count of 185.33M. Insiders hold about 10.26% of the company’s shares, while institutions hold 50.19% stake in the company. Shares short for RIOT as of Feb 15, 2024 were 31.07M with a Short Ratio of 1.02, compared to 33.64M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 13.46% and a Short% of Float of 13.99%.
Earnings Estimates
There are 9 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.21 for the current quarter, with a high estimate of -$0.15 and a low estimate of -$0.32, while EPS last year was -$0.33. The consensus estimate for the next quarter is -$0.23, with high estimates of -$0.06 and low estimates of -$0.38.
Analysts are recommending an EPS of between $2.56 and -$1.39 for the fiscal current year, implying an average EPS of -$0.38. EPS for the following year is $0.52, with 9 analysts recommending between $3.37 and -$1.33.
Revenue Estimates
A total of 8 analysts believe the company’s revenue will be $99.72M this quarter.It ranges from a high estimate of $112.22M to a low estimate of $86.85M. As of the current estimate, Riot Platforms Inc’s year-ago sales were $73.24M, an estimated increase of 36.20% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $86.28M, an increase of 12.40% less than the figure of $36.20% in the same quarter last year. There is a high estimate of $116.05M 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 $650.32M, while the lowest revenue estimate was $325.16M, resulting in an average revenue estimate of $455.31M. In the same quarter a year ago, actual revenue was $280.68M, up 62.20% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $728.74M in the next fiscal year. The high estimate is $1.28B and the low estimate is $401.8M. The average revenue growth estimate for next year is up 60.10% from the average revenue estimate for this year.
