In last trading session, Riot Platforms Inc (NASDAQ:RIOT) saw 28.86 million shares changing hands with its beta currently measuring 4.10. Company’s recent per share price level of $12.37 trading at $1.2 or 10.74% at ring of the bell on the day assigns it a market valuation of $4.55B. That closing price of RIOT’s stock is at a discount of -51.58% from its 52-week high price of $18.75 and is indicating a premium of 48.59% 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 31.28 million shares which gives us an average trading volume of 23.34 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 in the current quarter.
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Riot Platforms Inc (NASDAQ:RIOT) trade information
Upright in the green during last session for gaining 10.74%, in the last five days RIOT remained trading in the green while hitting it’s week-highest on Thursday, 11/21/24 when the stock touched $12.37 price level, adding 5.79% to its value on the day. Riot Platforms Inc’s shares saw a change of -20.04% in year-to-date performance and have moved 1.81% in past 5-day. Riot Platforms Inc (NASDAQ:RIOT) showed a performance of 13.80% in past 30-days. Number of shares sold short was 41.19 million shares which calculate 1.41 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 17.53% to its current value. 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 27.24% in reaching the projected high whereas dropping to the targeted low would mean a gain of 27.24% 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 23.08% of value to its shares in past 6 months, showing an annual growth rate of -25.00% while that of industry is 18.30. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 29.58% from the last financial year’s standing.
11 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 129.49M for the same. And 9 analysts are in estimates of company making revenue of 146.85M in the next quarter. Company posted 78.81M and 79.3M 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 27.86% 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 40.98 percent of that, with stock having share float percentage of 44.20%. Investors also watch the number of corporate investors in a company very closely, which is 40.98% 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.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 8.26 shares of worth $102.12 million or 2.48% of the total outstanding shares. The later fund manager was in possession of 7.31 shares on Aug 31, 2024 , making its stake of worth around $90.48 million in the company or a holder of 2.20% of company’s stock.
