Weak Fundamental Momentum Sinks Riot Platforms Inc

Riot Platforms Inc (NASDAQ:RIOT) has a beta value of 4.15 and has seen 8.52 million shares traded in the recent trading session. The company, currently valued at $2.80B, closed the recent trade at $9.70 per share which meant it gained $0.56 on the day or 6.12% during that session. The RIOT stock price is -112.89% off its 52-week high price of $20.65 and 19.59% above the 52-week low of $7.80. The 3-month trading volume is 22.75 million shares.

Riot Platforms Inc (NASDAQ:RIOT) trade information

Sporting 6.12% in the green today, the stock has traded in the green over the last five days, when the RIOT stock price touched $9.70 or saw a fall of -1.04%. Year-to-date, Riot Platforms Inc shares have moved -37.30%, while the 5-day performance has seen it change 5.32%. Over the past 30 days, the shares of Riot Platforms Inc (NASDAQ:RIOT) have changed -3.48%.

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Riot Platforms Inc (RIOT) estimates and forecasts

Figures show that Riot Platforms Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -44.89% over the past 6 months, with this year growth rate of 203.57%, compared to 14.50% for the industry.

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 208.03% 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 in August this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.