The trading price of Riot Platforms Inc (NASDAQ:RIOT) closed higher on Friday, January 17, and closing at $13.39, 0.75% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $13.33 and $14.43. The company’s P/E ratio in the trailing 12-month period was 45.86, while its 5Y monthly beta was 4.083. In examining the 52-week price action we see that the stock hit a 52-week high of $18.36 and a 52-week low of $6.36. Over the past month, the stock has lost -4.56% in value.
Riot Platforms Inc, whose market valuation is $4.61 billion at the time of this writing, is expected to release its quarterly earnings report in February. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of -0.07 for current year and -0.27 for next year.
Analysts have forecast the company to bring in revenue of 133.71M for the current quarter, with the likely lows of 97.58M and highs of 149.79M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 368.33M.
On the technical side, indicators suggest RIOT has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned RIOT a recommendation rating is 8. Out of them, 1 rate it a Hold, while 7 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Riot Platforms Inc (RIOT) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that RIOT’s price is currently 13.15% off the SMA20 and 9.95% off the SMA50. The RSI metric on the 14-day chart is currently showing 58.94, and weekly volatility stands at 7.02%. When measured over the past 30 days, the indicator reaches 8.37%. Riot Platforms Inc (NASDAQ:RIOT)’s beta value is currently sitting at 4.23, while the Average True Range indicator is currently displaying 1.05. With analysts defining $7.5-$10.5 as the low and high price targets, we arrive at a consensus price target of $9 for the trailing 12-month period. The current price is about 43.99% off the estimated low and 21.58% off the forecast high, based on this estimate. Investors will be thrilled if RIOT’s share price rises to $9, which is the median consensus price. At that level, RIOT’s share price would be 32.79% above current price.
To see how Riot Platforms Inc stock has been performing in comparison to its peers in the industry, here are the numbers: RIOT stock’s performance was 0.75% in the latest trading, and 23.18% in the past year. Riot Platforms Inc has a P/E ratio of 45.86.
An evaluation of the daily trading volume of Riot Platforms Inc (NASDAQ:RIOT) indicates that the 3-month average is 32.11 million. However, this figure has increased over the past 10 days to an average of 27.76.
Currently, records show that 324.28 million of the company’s shares remain outstanding. The insiders hold 7.11% of outstanding shares, whereas institutions hold 39.17%. The stats also highlight that short interest as of 2024-12-31, stood at 66.38 million shares, resulting in a short ratio of 1.79 at that time. From this, we can conclude that short interest is 1948.00 of the company’s total outstanding shares. It is noteworthy that short shares in December were up slightly from the previous month’s figure, which was 44.07 million. However, since the stock’s price has seen 31.15% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
