In last trading session, Riot Platforms Inc (NASDAQ:RIOT) saw 17.98 million shares changing hands with its beta currently measuring 4.07. Company’s recent per share price level of $9.97 trading at -$0.82 or -7.60% at ring of the bell on the day assigns it a market valuation of $2.88B. That closing price of RIOT’s stock is at a discount of -107.12% from its 52-week high price of $20.65 and is indicating a premium of 21.77% from its 52-week low price of $7.80. Taking a look at company’s average trading volume volume of 24.49 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 -7.60%, in the last five days RIOT remained trading in the red while hitting it’s week-highest on Wednesday, 05/22/24 when the stock touched $9.97 price level, adding 12.08% to its value on the day. Riot Platforms Inc’s shares saw a change of -35.55% in year-to-date performance and have moved -0.30% in past 5-day. Riot Platforms Inc (NASDAQ:RIOT) showed a performance of -16.08% in past 30-days.
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Riot Platforms Inc (RIOT) estimates and forecasts
Statistics highlight that Riot Platforms Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -10.74% of value to its shares in past 6 months, showing an annual growth rate of 250.00% while that of industry is 21.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 53.70% from the last financial year’s standing.
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 82.4M for the same. And 9 analysts are in estimates of company making revenue of 109.44M in the next quarter. Company posted 76.74M and 51.89M of sales in current and next quarters respectively a year earlier.
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 271.51% 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.
