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The closing price of Riot Platforms Inc (NASDAQ: RIOT) was $14.45 for the day, down -3.47% from the previous closing price of $14.97. In other words, the price has decreased by -$3.47 from its previous closing price. On the day, 47.33 million shares were traded. RIOT stock price reached its highest trading level at $14.705 during the session, while it also had its lowest trading level at $13.48.
Ratios:
Our analysis of RIOT’s different ratios will help us gain a deeper understanding of the company. 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.
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, Macquarie on September 25, 2024, initiated with a Outperform rating and assigned the stock a target price of $15.
On July 24, 2024, Needham reiterated its Buy rating and also upped its target price recommendation from $15 to $13.
JP Morgan Upgraded its Underweight to Neutral on December 08, 2023, whereas the target price for the stock was revised from $8 to $12.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 16 ’24 when D’Ambrosio Lance Varro sold 25,000 shares for $7.00 per share. The transaction valued at 175,035 led to the insider holds 44,441 shares of the business.
D’Ambrosio Lance Varro bought 25,000 shares of RIOT for $174,025 on Sep 16 ’24. On Aug 14 ’24, another insider, Marleau Hubert, who serves as the Director of the company, sold 17,861 shares for $7.70 each. As a result, the insider received 137,530 and left with 66,000 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 4974918144 and an Enterprise Value of 4285697280. As of this moment, Riot’s Price-to-Earnings (P/E) ratio for their current fiscal year is 49.49. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.35 while its Price-to-Book (P/B) ratio in mrq is 1.70. Its current Enterprise Value per Revenue stands at 13.696 whereas that against EBITDA is 33.107.
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 $6.36. The 50-Day Moving Average of the stock is 65.25%, while the 200-Day Moving Average is calculated to be 41.34%.
Shares Statistics:
RIOT traded an average of 20.25M shares per day over the past three months and 34542310 shares per day over the past ten days. A total of 332.33M shares are outstanding, with a floating share count of 305.54M. Insiders hold about 8.06% of the company’s shares, while institutions hold 38.63% stake in the company. Shares short for RIOT as of 1728950400 were 50325831 with a Short Ratio of 2.30, compared to 1726185600 on 48710603. Therefore, it implies a Short% of Shares Outstanding of 50325831 and a Short% of Float of 15.67.
