Riot Platforms Inc (NASDAQ:RIOT)’s traded shares stood at 26.03 million during the last session, with the company’s beta value hitting 4.15. At the close of trading, the stock’s price was $11.86, to imply a decrease of -6.35% or -$0.81 in intraday trading. The RIOT share’s 52-week high remains $18.75, putting it -58.09% down since that peak but still an impressive 46.37% since price per share fell to its 52-week low of $6.36. The company has a valuation of $3.94B, with an average of 38.49 million shares in intraday trading volume over the past 10 days and average of 21.18 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 1.20. 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 -0.08.
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Riot Platforms Inc (NASDAQ:RIOT) trade information
After registering a -6.35% downside in the last session, Riot Platforms Inc (RIOT) has traded red over the past five days. The 5-day price performance for the stock is -4.24%, and 30.67% over 30 days. With these gigs, the year-to-date price performance is -23.30%. Short interest in Riot Platforms Inc (NASDAQ:RIOT) saw shorts transact 46.58 million shares and set a 2.22 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 -93.93% off suggested target high and 24.11% 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 underperformed competitors. Riot Platforms Inc (RIOT) shares are 18.65% up over the last 6 months, with its year-to-date growth rate lower than industry average at -10.71% against 19.30%. Revenue is forecast to shrink -117.57% this quarter before falling -115.13% for the next one. The rating firms project that company’s revenue will grow 29.06% compared to the previous financial year.
Revenue forecast for the current quarter as set by 10 analysts is 127.76M. Meanwhile, for the current quarter, a total of 9 analyst(s) estimate revenue growth to 146.85M.Earnings reports from the last fiscal year show that sales brought in 78.81M and 79.3M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 62.11% before jumping 85.19% 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 32.43% 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 in December. 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 7.30% of total outstanding shares, with institutional holders owning 40.18% of the shares at 43.34% float percentage. In total, 40.18% 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.
