In the last trading session, 15.51 million Riot Platforms Inc (NASDAQ:RIOT) shares changed hands as the company’s beta touched 4.25. With the company’s per share price at $11.40 changed hands at -$0.58 or -4.84% during last session, the market valuation stood at $2.89B. RIOT’s last price was a discount, traded about -81.14% off its 52-week high of $20.65. The share price had its 52-week low at $7.66, which suggests the last value was 32.81% up since then. When we look at Riot Platforms Inc’s average trading volume, we note the 10-day average is 21.48 million shares, with the 3-month average coming to 29.22 million.
Riot Platforms Inc (NASDAQ:RIOT) trade information
Instantly RIOT was in red as seen at the end of in last trading. With action -1.72%, the performance over the past five days has been red. The drop to weekly highs of 12.62 subtracted -4.84% to the stock’s daily price. The company’s shares are showing year-to-date downside of -26.31%, with the 5-day performance at -1.72% in the red. However, in the 30-day time frame, Riot Platforms Inc (NASDAQ:RIOT) is -27.53% down. Looking at the short shares, we see there were 28.49 million shares sold at short interest cover period of 1.04 days.
Riot Platforms Inc (RIOT) estimates and forecasts
Data shows that the Riot Platforms Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 19.00% over the past 6 months, a -171.43% in annual growth rate that is considerably lower than the industry average of 18.80%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Riot Platforms Inc will rise 63.60%, while the growth in revenue is estimated to hit 11.80% for the next quarter. Year-over-year growth is forecast to reach 67.50% up from the last financial year.
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of $99.6 million. 8 analysts are of the opinion that Riot Platforms Inc’s revenue for the quarter ending Jun 2024 will be $95.77 million. The company’s revenue for the corresponding quarters a year ago was $73.24 million and $76.74 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 36.00%. The estimates for the next quarter sales put growth at 24.80%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 42.06%. The 2024 estimates are for Riot Platforms Inc earnings to decrease by -118.44%, but the outlook for the next 5-year period is at 20.00% per year.
RIOT Dividends
Riot Platforms Inc is expected to release its next quarterly earnings report between May 08 and May 13.
Riot Platforms Inc (NASDAQ:RIOT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 8.24% of Riot Platforms Inc shares while 41.86% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 45.62%. There are 41.86% institutions holding the Riot Platforms Inc stock share, with Vanguard Group Inc the top institutional holder. As of Dec 30, 2023, the company held 8.50% of the shares, roughly 21.55 million RIOT shares worth $245.72 million.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 6.11% or 15.49 million shares worth $176.53 million as of Dec 30, 2023.
Among Mutual Funds, the top two as of Dec 30, 2023 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. With 6.21 million shares estimated at $70.8 million under it, the former controlled 2.45% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 1.97% of the shares, roughly 4.99 million shares worth around $56.94 million.
