In last trading session, Riot Platforms Inc (NASDAQ:RIOT) saw 28.54 million shares changing hands with its beta currently measuring 4.19. Company’s recent per share price level of $9.82 trading at -$0.29 or -2.87% at ring of the bell on the day assigns it a market valuation of $2.49B. That closing price of RIOT’s stock is at a discount of -110.29% from its 52-week high price of $20.65 and is indicating a premium of 20.57% from its 52-week low price of $7.80. Taking a look at company’s average trading volume volume of 25.63 million if we extend that period to 3-months.
Riot Platforms Inc (NASDAQ:RIOT) trade information
Upright in the red during last session for losing -2.87%, in the last five days RIOT remained trading in the red while hitting it’s week-highest on Friday, 04/26/24 when the stock touched $9.82 price level, adding 21.06% to its value on the day. Riot Platforms Inc’s shares saw a change of -36.52% in year-to-date performance and have moved -17.34% in past 5-day. Riot Platforms Inc (NASDAQ:RIOT) showed a performance of -7.45% in past 30-days.
Riot Platforms Inc (RIOT) estimates and forecasts
Statistics highlight that Riot Platforms Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 2.19% of value to its shares in past 6 months, showing an annual growth rate of -28.57% while that of industry is 19.30. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 57.60% in the current quarter and calculating 17.60% increase in the next quarter. This year revenue growth is estimated to rise 71.40% from the last financial year’s standing.
11 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $95.74 million for the same. And 11 analysts are in estimates of company making revenue of $100.93 million in the next quarter that will end on Jun 2024. Company posted $73.24 million and $76.74 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 30.70% while estimating it to be 31.50% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 42.06% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -67.74% while estimates for its earnings growth in next 5 years are of 20.00%.
RIOT Dividends
Riot Platforms Inc is more likely to be releasing its next quarterly report in June and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
