Riot Platforms Inc (NASDAQ:RIOT) shares, rose in value on Thursday, March 27, with the stock price down by -1.65% to the previous day’s close as strong demand from buyers drove the stock to $7.77.
Actively observing the price movement in the last trading, the stock closed the session at $7.90, falling within a range of $7.66 and $8.175. The value of beta (5-year monthly) was 4.36 whereas the PE ratio was 22.56 over 12-month period. Referring to stock’s 52-week performance, its high was $15.87, and the low was $6.36. On the whole, RIOT has fluctuated by -13.09% over the past month.
With the market capitalization of Riot Platforms Inc currently standing at about $2.72 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-23.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 675.02M, with a low estimate of 137.6M and a high estimate of 179.71M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 158.81M.
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 100% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of RIOT currently trading nearly -3.91% and -24.04% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.48, while the 7-day volatility ratio is showing 7.00% which for the 30-day chart, stands at 8.09%. Furthermore, Riot Platforms Inc (RIOT)’s beta value is 4.60, and its average true range (ATR) is 0.70.
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 -1.65% in last session, and over the past year, it shrunk by -37.54%%.
Data on historical trading for Riot Platforms Inc (NASDAQ:RIOT) indicates that the trading volumes over the past 10 days have averaged 22.67 and over the past 3 months, they’ve averaged 29.12 million. According to company’s latest data on outstanding shares, there are 344.89 million shares outstanding.
Nearly 7.08% of Riot Platforms Inc’s shares belong to company insiders and institutional investors own 56.27% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 79.24 million shares as on 2025-03-14, resulting in a short ratio of 2.89. According to the data, the short interest in Riot Platforms Inc (RIOT) stood at 2283.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 72.34 million. The stock has fallen by -23.90% 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.
