Riot Platforms Inc (NASDAQ:RIOT) shares, rose in value on Wednesday, April 16, with the stock price down by -2.90% to the previous day’s close as strong demand from buyers drove the stock to $6.36.
Actively observing the price movement in the last trading, the stock closed the session at $6.55, falling within a range of $6.2 and $6.5299. The value of beta (5-year monthly) was 4.604 whereas the PE ratio was 18.47 over 12-month period. Referring to stock’s 52-week performance, its high was $15.87, and the low was $6.22. On the whole, RIOT has fluctuated by -14.05% over the past month.
With the market capitalization of Riot Platforms Inc currently standing at about $2.23 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 664.3M, 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 159.6M.
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 100% Sell 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 -14.02% and -27.16% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.29, while the 7-day volatility ratio is showing 7.00% which for the 30-day chart, stands at 9.10%. Furthermore, Riot Platforms Inc (RIOT)’s beta value is 4.73, and its average true range (ATR) is 0.72.
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 -2.90% in last session, and over the past year, it shrunk by -25.79%%.
Data on historical trading for Riot Platforms Inc (NASDAQ:RIOT) indicates that the trading volumes over the past 10 days have averaged 24.18 and over the past 3 months, they’ve averaged 28.44 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 56.25% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 86.61 million shares as on 2025-03-31, resulting in a short ratio of 3.61. According to the data, the short interest in Riot Platforms Inc (RIOT) stood at 2496.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 78.59 million. The stock has fallen by -37.71% 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.
