For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
The price of Riot Platforms Inc (NASDAQ: RIOT) closed at $13.97 in the last session, down -0.43% from day before closing price of $14.03. In other words, the price has decreased by -$0.43 from its previous closing price. On the day, 37.53 million shares were traded. RIOT stock price reached its highest trading level at $14.7 during the session, while it also had its lowest trading level at $13.8.
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 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, Piper Sandler on Dec-18-24, initiated with a Overweight rating and assigned the stock a target price of $23.
On September 25, 2024, Macquarie started tracking the stock assigning a Outperform rating and target price of $15.
Needham reiterated its Buy rating for the stock on July 24, 2024, while the target price for the stock was revised from $15 to $13.
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 Dec 10 ’24 when Les Jason sold 50,000 shares for $11.34 per share. The transaction valued at 567,000 led to the insider holds 1,019,911 shares of the business.
Jason Les bought 150,000 shares of RIOT for $1,681,500 on Dec 10 ’24. On Nov 18 ’24, another insider, Cho Hannah, who serves as the Director of the company, sold 10,025 shares for $12.57 each. As a result, the insider received 126,023 and left with 71,265 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 4642594304 and an Enterprise Value of 4127842816. As of this moment, Riot’s Price-to-Earnings (P/E) ratio for their current fiscal year is 47.84. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.39. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.84 while its Price-to-Book (P/B) ratio in mrq is 1.65. Its current Enterprise Value per Revenue stands at 13.192 whereas that against EBITDA is 31.888.
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 24.99%, while the 200-Day Moving Average is calculated to be 39.70%.
Shares Statistics:
According to the various share statistics, RIOT traded on average about 29.54M shares per day over the past 3-months and 49541480 shares per day over the past 10 days. A total of 324.28M shares are outstanding, with a floating share count of 307.86M. Insiders hold about 7.36% of the company’s shares, while institutions hold 40.40% stake in the company. Shares short for RIOT as of 1732838400 were 44071484 with a Short Ratio of 1.49, compared to 1730332800 on 46583934. Therefore, it implies a Short% of Shares Outstanding of 44071484 and a Short% of Float of 13.389999999999999.
