Riot Platforms Inc (NASDAQ:RIOT) has a beta value of 4.12 and has seen 6.5 million shares traded in the recent trading session. The company, currently valued at $2.76B, closed the recent trade at $8.91 per share which meant it lost -$0.53 on the day or -5.62% during that session. The RIOT stock price is -110.44% off its 52-week high price of $18.75 and 28.62% above the 52-week low of $6.36. If we look at the company’s 10-day average daily trading volume, we find that it stood at 23.21 million shares traded. The 3-month trading volume is 18.32 million shares.
The consensus among analysts is that Riot Platforms Inc (RIOT) is Buy stock at the moment, with a recommendation rating of 1.07. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 8 have rated it as a Hold, with 7 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.11.
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Riot Platforms Inc (NASDAQ:RIOT) trade information
Sporting -5.62% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the RIOT stock price touched $8.91 or saw a rise of 20.38%. Year-to-date, Riot Platforms Inc shares have moved -42.41%, while the 5-day performance has seen it change -15.63%. Over the past 30 days, the shares of Riot Platforms Inc (NASDAQ:RIOT) have changed 13.50%. Short interest in the company has seen 50.33 million shares shorted with days to cover at 2.62.
Wall Street analysts have a consensus price target for the stock at $15, which means that the shares’ value could jump 40.6% from the levels at last check today. The projected low price target is $9.0 while the price target rests at a high of $23.0. In that case, then, we find that the latest price level in today’s session is -158.14% off the targeted high while a plunge would see the stock gain -1.01% from the levels at last check today.
Riot Platforms Inc (RIOT) estimates and forecasts
Figures show that Riot Platforms Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -17.27% over the past 6 months, with this year growth rate of -10.71%, compared to 18.80% for the industry. Revenue growth from the last financial year stood is estimated to be 32.80%.
11 analysts offering their estimates for the company have set an average revenue estimate of 122.32M for the current quarter. 8 have an estimated revenue figure of 145.15M for the next ending quarter. Year-ago sales stood 78.81M and 95.74M respectively for this quarter and the next, and analysts expect sales will grow by 55.20% for the current quarter and 32.80% for the next.
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 40.73% 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 on 2025-Feb-20 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Riot Platforms Inc (NASDAQ:RIOT)’s Major holders
Insiders own 7.99% of the company shares, while shares held by institutions stand at 45.14% with a share float percentage of 49.06%. Investors are also buoyed by the number of investors in a company, with Riot Platforms Inc having a total of 374.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 29.54 million shares worth more than $269.95 million. As of 2024-06-30, VANGUARD GROUP INC held 11.3814% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 21.48 million shares as of 2024-06-30. The firm’s total holdings are worth over $196.31 million and represent 8.2764% of shares outstanding.
