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The price of Riot Platforms Inc (NASDAQ: RIOT) closed at $11.88 in the last session, up 0.25% from day before closing price of $11.85. In other words, the price has increased by $0.25 from its previous closing price. On the day, 49.44 million shares were traded. RIOT stock price reached its highest trading level at $12.65 during the session, while it also had its lowest trading level at $11.72.
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 3012031488 and an Enterprise Value of 2437009920. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.73 while its Price-to-Book (P/B) ratio in mrq is 1.45. Its current Enterprise Value per Revenue stands at 8.683 whereas that against EBITDA is 22.008.
Stock Price History:
The Beta on a monthly basis for RIOT is 4.16, which has changed by 0.0033783913 over the last 52 weeks, in comparison to a change of 0.22640884 over the same period for the S&P500. Over the past 52 weeks, RIOT has reached a high of $20.65, while it has fallen to a 52-week low of $7.80. The 50-Day Moving Average of the stock is -3.54%, while the 200-Day Moving Average is calculated to be -6.20%.
Shares Statistics:
According to the various share statistics, RIOT traded on average about 24.75M shares per day over the past 3-months and 28898140 shares per day over the past 10 days. A total of 253.54M shares are outstanding, with a floating share count of 232.66M. Insiders hold about 8.23% of the company’s shares, while institutions hold 40.45% stake in the company. Shares short for RIOT as of 1711584000 were 31205461 with a Short Ratio of 1.26, compared to 1709164800 on 28493388. Therefore, it implies a Short% of Shares Outstanding of 31205461 and a Short% of Float of 12.75.
Earnings Estimates
The market rating for Riot Platforms Inc (RIOT) is a result of the insights provided by 9.0 analysts actively involved in the assessment.On average, analysts expect EPS of -$0.14 for the current quarter, with a high estimate of $0.3 and a low estimate of -$0.31, while EPS last year was -$0.33. The consensus estimate for the next quarter is -$0.14, with high estimates of $0.16 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 -$0.3. EPS for the following year is $0.58, with 7.0 analysts recommending between $2.43 and -$1.33.
Revenue Estimates
According to 11 analysts, the current quarter’s revenue is expected to be $94.86M. It ranges from a high estimate of $103.08M to a low estimate of $85.5M. As of the current estimate, Riot Platforms Inc’s year-ago sales were $73.24MFor the next quarter, 11 analysts are estimating revenue of $100.44M. There is a high estimate of $139M for the next quarter, whereas the lowest estimate is $70.98M.
A total of 12 analysts have provided revenue estimates for RIOT’s current fiscal year. The highest revenue estimate was $607.8M, while the lowest revenue estimate was $329.5M, resulting in an average revenue estimate of $479.21M. In the same quarter a year ago, actual revenue was $280.68MBased on 9 analysts’ estimates, the company’s revenue will be $870.66M in the next fiscal year. The high estimate is $1.52B and the low estimate is $401.8M.
