Riot Platforms Inc (NASDAQ:RIOT) price on current trading day, rose 5.14% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $7.78.
A look at the stock’s price movement, the close in the last trading session was $7.40, moving within a range at $7.42 and $7.95. The beta value (5-Year monthly) was 4.36 while the PE ratio in trailing twelve months stood at 22.59. Turning to its 52-week performance, $15.87 and $6.36 were the 52-week high and 52-week low respectively. Overall, RIOT moved -32.70% over the past month.
Riot Platforms Inc’s market cap currently stands at around $2.72 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-23.
Analysts have a consensus estimate of 158.81M for the company’s revenue for the quarter, with a low and high estimate of 137.6M and 179.71M respectively. The average forecast suggests up to a 100.28% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 675.02M, representing a 79.21% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that RIOT is a 100% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
8 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 7 recommend RIOT as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
RIOT’s current price about -9.58% and -27.45% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 38.04, while 7-day volatility ratio is 6.55% and 8.81% in the 30-day chart. Further, Riot Platforms Inc (RIOT) has a beta value of 4.59, and an average true range (ATR) of 0.76. Analysts have given the company’s stock an average 52-week price target of $9, forecast between a low of $7.5 and high of $10.5. Looking at the price targets, the low is 3.6% off current price level while to achieve the yearly target high, price needs to move -34.96%. Nonetheless, investors will most likely welcome a -15.68% jump to $9 which is the analysts’ median price.
If we refocus on Riot Platforms Inc (NASDAQ:RIOT), historical trading data shows that trading volumes averaged 21.9 over the past 10 days and 29.08 million over the past 3 months. The company’s latest data on shares outstanding shows there are 344.89 million shares.
The 7.08% of Riot Platforms Inc’s shares are in the hands of company insiders while institutional holders own 56.27% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 78.59 million on 2025-02-28, giving us a short ratio of 2.62. The data shows that as of 2025-02-28 short interest in Riot Platforms Inc (RIOT) stood at 2264.9999000000003 of shares outstanding, with shares short rising to 66.87 million registered in 2025-01-31. Current price change has pushed the stock -23.80% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the RIOT stock continues to rise going into the next quarter.
