Riot Platforms Inc (NASDAQ:RIOT)’s traded shares stood at 5.29 million during the latest session, with the company’s beta value hitting 4.10. At the last check today, the stock’s price was $10.28, to imply an increase of 5.27% or $0.51 in intraday trading. The RIOT share’s 52-week high remains $18.75, putting it -82.39% down since that peak but still an impressive 38.13% since price per share fell to its 52-week low of $6.36. The company has a valuation of $3.12B, with an average of 20.01 million shares in intraday trading volume over the past 10 days and average of 17.84 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Riot Platforms Inc (RIOT), translating to a mean rating of 1.07. Of 8 analyst(s) looking at the stock, 0 analyst(s) give RIOT a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 7 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.16.
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Riot Platforms Inc (NASDAQ:RIOT) trade information
After registering a 5.27% upside in the latest session, Riot Platforms Inc (RIOT) has traded red over the past five days. The 5-day price performance for the stock is 11.79%, and 38.24% over 30 days. With these gigs, the year-to-date price performance is -33.52%. Short interest in Riot Platforms Inc (NASDAQ:RIOT) saw shorts transact 50.31 million shares and set a 3.07 days time to cover.
The extremes give us $9 and $23 for target low and target high price respectively. As such, RIOT has been trading -123.74% off suggested target high and 12.45% from its likely low.
Riot Platforms Inc (RIOT) estimates and forecasts
Looking at statistics comparing Riot Platforms Inc share performance against respective industry, we note that the company has outperformed competitors. Riot Platforms Inc (RIOT) shares are -15.07% down over the last 6 months, with its year-to-date growth rate higher than industry average at 125.00% against 18.90%. Revenue is forecast to grow 36.00% this quarter before falling -117.80% for the next one. The rating firms project that company’s revenue will grow 39.40% compared to the previous financial year.
Revenue forecast for the current quarter as set by 12 analysts is 95.35M. Meanwhile, for the current quarter, a total of 12 analyst(s) estimate revenue growth to 140.64M.Earnings reports from the last fiscal year show that sales brought in 51.89M and 78.81M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 83.80% before jumping 78.40% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 42.06% for the past 5-year period. While 2024 is set for a 152.87% return in earnings, projections for the next 5 years are at 20.00% annually.
RIOT Dividends
Riot Platforms Inc has its next earnings report out on 2024-Oct-30. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Riot Platforms Inc (NASDAQ:RIOT)’s Major holders
Riot Platforms Inc insiders hold 7.99% of total outstanding shares, with institutional holders owning 44.91% of the shares at 48.81% float percentage. In total, 44.91% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 29.54 million shares (or 11.3814% of shares), all amounting to roughly $269.95 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 21.48 million shares, or about 8.2764% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $196.31 million.
We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the Riot Platforms Inc (RIOT) shares. Going by data provided on Jun 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 8.26 shares. This is just over 2.72% of the total shares, with a market valuation of $83.89 million. Data from the same date shows that the other fund manager holds a little less at 7.42, or 2.44% of the shares, all valued at about 75.36 million.
