In the latest trading session, 7.69 million Riot Platforms Inc (NASDAQ:RIOT) shares changed hands as the company’s beta touched 4.12. With the company’s most recent per share price at $9.58 changed hands at -$0.28 or -2.82% at last look, the market valuation stands at $2.91B. RIOT’s current price is a discount, trading about -95.72% off its 52-week high of $18.75. The share price had its 52-week low at $6.36, which suggests the last value was 33.61% up since then. When we look at Riot Platforms Inc’s average trading volume, we note the 10-day average is 22.33 million shares, with the 3-month average coming to 18.16 million.
Analysts gave the Riot Platforms Inc (RIOT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.07. If we narrow down to specifics, the data shows that 0 out of 8 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended RIOT as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight.
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Riot Platforms Inc (NASDAQ:RIOT) trade information
Instantly RIOT was in red as seen in intraday trades today. With action 9.64%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -38.06%, with the 5-day performance at 9.64% in the green. However, in the 30-day time frame, Riot Platforms Inc (NASDAQ:RIOT) is 33.27% up. Looking at the short shares, we see there were 50.31 million shares sold at short interest cover period of 3.07 days.
The consensus price target for the stock as assigned by Wall Street analysts is 15, meaning bulls need an upside of 36.13% from its recent market value. According to analyst projections, RIOT’s forecast low is 9 with 23 as the target high. To hit the forecast high, the stock’s price needs a -140.08% plunge from its current level, while the stock would need to tank 6.05% for it to hit the projected low.
Riot Platforms Inc (RIOT) estimates and forecasts
Data shows that the Riot Platforms Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -14.75% over the past 6 months, a 125.00% in annual growth rate that is considerably higher than the industry average of 19.20%.
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 increase by 152.87%, 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 on 2024-Oct-30.
Riot Platforms Inc (NASDAQ:RIOT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 7.99% of Riot Platforms Inc shares while 44.77% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 48.65%. There are 44.77% institutions holding the Riot Platforms Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 11.3814% of the shares, roughly 29.54 million RIOT shares worth $269.95 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 8.2764% or 21.48 million shares worth $196.31 million as of 2024-06-30.
