Riot Platforms Inc (NASDAQ:RIOT) traded at $8.98 at close of the session on Monday, November 04 and made a downward move of -4.87% on its previous day’s price.
Looking at the stock we see that its previous close was $9.44 and the beta (5Y monthly) reads 4.102 with the day’s price range being $8.715 – $9.2. The company has a trailing 12-month PE ratio of 30.83. In terms of its 52-week price range, RIOT has a high of $18.75 and a low of $6.36. The company’s stock has gained about 14.39% over that past 30 days.
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Riot Platforms Inc has a market cap of $2.78 billion and is expected to release its quarterly earnings report in December. Estimates by analysts give the company expected earnings per share (EPS) of -0.11, with the EPS growth for the year raised at -0.05 for current year and -0.05 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 122.32M, with a low of 78M and a high of 149.79M. The median projection represents growth squeezing down to 55.20% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 372.65M, or 32.80% up from figures reported last year.
On the other hand, looking at the outlook for the RIOT stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell.
Based on estimates by 8 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Riot Platforms Inc (RIOT) stock as a Hold, while 7 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the RIOT stock currently stands at 1.54, and the current price level is -3.76% off its SMA20 and 10.45% from its 50-day simple moving average. The RSI (14) is pointing at 48.85 while the volatility over the past week is 6.96% and jumps to 6.28% over the past one month. The beta value is 4.12, while the average true range (ATR) is currently pointing at 0.64. The average price target for the stock over the next 12 months is $15, with the estimates having a low of $9 and a high of $23. These price ends are -0.22% and -156.12% off the current price level respectively, although investors could be excited at the prospect of a -67.04% if the RIOT share price touches on the median price of $15.
Coming back to Riot Platforms Inc (NASDAQ:RIOT), we note that the average 3-month trading volume was 18.32 million, while that of the preceding 10-day period stands at 23.21 million. Current shares outstanding are 303.52 million.
The insiders hold 8.06% of the company’s shares while institutions hold 44.22%. The data shows that short shares as of 2024-10-15, stood at 50.33 million at a short ratio of 2.62. This represents a 1676.00 short interest in shares outstanding on 2024-10-15. Shares short rose in October from the previous month at 48.71 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -41.95% down in year-to-date price movement.
