Riot Platforms Inc (NASDAQ:RIOT) shares, rose in value, with the stock price up by 5.71% to the previous day’s close as strong demand from buyers drove the stock to $13.89.
Actively observing the price movement in the recent trading, the stock is buoying the session at $13.14, falling within a range of $12.75 and $14.245. The value of beta (5-year monthly) is 4.083 whereas the PE ratio is 47.57 over 12-month period. Referring to stock’s 52-week performance, its high was $18.36, and the low was $6.36. On the whole, RIOT has fluctuated by 24.13% over the past month.
With the market capitalization of Riot Platforms Inc currently standing at about $4.78 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 369.53M, with a low estimate of 97.58M and a high estimate of 149.79M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 135.1M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RIOT’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of RIOT currently trading nearly 14.91% and 13.05% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.61, while the 7-day volatility ratio is showing 9.14% which for the 30-day chart, stands at 8.29%. Furthermore, Riot Platforms Inc (RIOT)’s beta value is 4.24, and its average true range (ATR) is 1.12.
A comparison of Riot Platforms Inc (RIOT) with its peers suggests the former has fared considerably weaker in the market. RIOT showed an intraday change of 5.71% in today’s session so far, and over the past year, it grew by 31.04%%.
Data on historical trading for Riot Platforms Inc (NASDAQ:RIOT) indicates that the trading volumes over the past 10 days have averaged 29.34 and over the past 3 months, they’ve averaged 33.33 million. According to company’s latest data on outstanding shares, there are 324.28 million shares outstanding.
Nearly 7.11% of Riot Platforms Inc’s shares belong to company insiders and institutional investors own 39.19% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 66.38 million shares as on 2024-12-31, resulting in a short ratio of 1.79. According to the data, the short interest in Riot Platforms Inc (RIOT) stood at 1948.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 44.07 million. The stock has risen by 36.04% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RIOT stock heading into the next quarter.
