Riot Platforms Inc (NASDAQ:RIOT) has a beta value of 4.29 and has seen 26.04 million shares traded in the last trading session. The company, currently valued at $2.94B, closed the last trade at $11.60 per share which meant it gained $0.67 on the day or 6.13% during that session. The RIOT stock price is -78.02% off its 52-week high price of $20.65 and 45.26% above the 52-week low of $6.35. If we look at the company’s 10-day average daily trading volume, we find that it stood at 26.39 million shares traded. The 3-month trading volume is 30.34 million shares.
Riot Platforms Inc (NASDAQ:RIOT) trade information
Sporting 6.13% in the green in last session, the stock has traded in the red over the last five days, when the RIOT stock price touched $11.60 or saw a rise of 10.08%. Year-to-date, Riot Platforms Inc shares have moved -25.02%, while the 5-day performance has seen it change -6.07%. Over the past 30 days, the shares of Riot Platforms Inc (NASDAQ:RIOT) have changed -34.17%. Short interest in the company has seen 28.49 million shares shorted with days to cover at 1.04.
Riot Platforms Inc (RIOT) estimates and forecasts
Figures show that Riot Platforms Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 5.74% over the past 6 months, with this year growth rate of -171.43%, compared to 19.60% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 45.50% and -17.60% for the next quarter. Revenue growth from the last financial year stood is estimated to be 64.20%.
8 analysts offering their estimates for the company have set an average revenue estimate of $99.84 million for the current quarter. 8 have an estimated revenue figure of $92.75 million for the next quarter concluding in Jun 2024. Year-ago sales stood $73.24 million and $76.74 million respectively for this quarter and the next, and analysts expect sales will grow by 36.30% for the current quarter and 20.90% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 42.06% over the past 5 years. Earnings growth for 2024 is a modest -129.99% while over the next 5 years, the company’s earnings are expected to increase by 20.00%.
RIOT Dividends
Riot Platforms Inc is expected to release its next earnings report between May 08 and May 13 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Riot Platforms Inc (NASDAQ:RIOT)’s Major holders
Insiders own 8.26% of the company shares, while shares held by institutions stand at 41.86% with a share float percentage of 45.62%. Investors are also buoyed by the number of investors in a company, with Riot Platforms Inc having a total of 387 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc with over 17.93 million shares worth more than $211.96 million. As of Jun 29, 2023, Vanguard Group Inc held 9.03% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 12.04 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $142.3 million and represent 6.06% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of Jun 29, 2023, the former fund manager holds about 2.65% shares in the company for having 5.27 million shares of worth $62.34 million while later fund manager owns 4.29 million shares of worth $50.75 million as of Jun 29, 2023, which makes it owner of about 2.16% of company’s outstanding stock.
