In recent trading session, Riot Platforms Inc (NASDAQ:RIOT) saw 12.11 million shares changing hands at last check today with its beta currently measuring 4.14. Company’s recent per share price level of $12.15 trading at -$0.1 or -0.78% at last check today assigns it a market valuation of $4.04B. That most recent trading price of RIOT’s stock is at a discount of -54.32% from its 52-week high price of $18.75 and is indicating a premium of 47.65% from its 52-week low price of $6.36. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 27.81 million shares which gives us an average trading volume of 18.77 million if we extend that period to 3-months.
For Riot Platforms Inc (RIOT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.20. Splitting up the data highlights that, out of 8 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 7 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.1 in the current quarter.
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Riot Platforms Inc (NASDAQ:RIOT) trade information
Upright in the red during last session for losing -0.78%, in the last five days RIOT remained trading in the green while hitting it’s week-highest on Wednesday, 11/06/24 when the stock touched $12.15 price level, adding 1.14% to its value on the day. Riot Platforms Inc’s shares saw a change of -21.43% in year-to-date performance and have moved 31.54% in past 5-day. Riot Platforms Inc (NASDAQ:RIOT) showed a performance of 55.43% in past 30-days. Number of shares sold short was 50.33 million shares which calculate 2.62 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 15 to the stock, which implies a rise of 19.0% to its recent value today. Analysts have been projecting 9 as a low price target for the stock while placing it at a high target of 23. It follows that stock’s current price would jump 25.93% in reaching the projected high whereas dropping to the targeted low would mean a gain of 25.93% for stock’s current value.
Riot Platforms Inc (RIOT) estimates and forecasts
Statistics highlight that Riot Platforms Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 18.24% of value to its shares in past 6 months, showing an annual growth rate of -10.71% while that of industry is 19.10. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 27.00% from the last financial year’s standing.
10 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 122.58M for the same. And 9 analysts are in estimates of company making revenue of 146.77M in the next quarter. Company posted 78.81M and 95.74M 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 32.43% while estimates for its earnings growth in next 5 years are of 20.00%.
Riot Platforms Inc (NASDAQ:RIOT)’s Major holders
Insiders are in possession of 7.30% of company’s total shares while institution are holding 41.20 percent of that, with stock having share float percentage of 44.44%. Investors also watch the number of corporate investors in a company very closely, which is 41.20% institutions for Riot Platforms Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at RIOT for having 29.54 million shares of worth $269.95 million. And as of 2024-06-30, it was holding 11.3814 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 21.48 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.2764 of outstanding shares, having a total worth of $196.31 million.
