In the last trading session, 76.38 million shares of the Riot Platforms Inc (NASDAQ:RIOT) were traded, and its beta was 4.18. Most recently the company’s share price was $11.21, and it changed around -$1.74 or -13.44% from the last close, which brings the market valuation of the company to $3.92B. RIOT currently trades at a discount to its 52-week high of $18.75, offering almost -67.26% off that amount. The share price’s 52-week low was $6.36, which indicates that the current value has risen by an impressive 43.26% since then. We note from Riot Platforms Inc’s average daily trading volume that its 10-day average is 26.88 million shares, with the 3-month average coming to 24.83 million.
Riot Platforms Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.20. If we narrow it down even further, the data shows that 0 out of 14 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 0 recommended RIOT as a Hold, whereas 9 deemed it a Buy, and 0 rated it as Underweight.
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Riot Platforms Inc (NASDAQ:RIOT) trade information
Instantly RIOT has showed a red trend with a performance of -13.44% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 14.12 on recent trading dayincreased the stock’s daily price by 20.61%. The company’s shares are currently down -27.54% year-to-date, but still down -7.36% over the last five days. On the other hand, Riot Platforms Inc (NASDAQ:RIOT) is -9.52% down in the 30-day period. We can see from the shorts that 41.19 million shares have been sold at a short interest cover period of 1.41 day(s).
The consensus price target as assigned by Wall Street analysts is $21, which translates to bulls needing to increase their stock price by 46.62% from its current value. Analyst projections state that RIOT is forecast to be at a low of $15 and a high of $23.
Riot Platforms Inc (RIOT) estimates and forecasts
Riot Platforms Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 13.29 percent over the past six months and at a -25.00% annual growth rate that is well below the industry average of 16.50%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 42.06%. Riot Platforms Inc earnings are expected to increase by 14.54% in 2024, but the outlook is positive 20.00% per year for the next five years.
RIOT Dividends
Riot Platforms Inc’s next quarterly earnings report is expected to be released in January.
Riot Platforms Inc (NASDAQ:RIOT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 7.30% of Riot Platforms Inc shares, and 41.22% of them are in the hands of institutional investors. The stock currently has a share float of 44.47%. Riot Platforms Inc stock is held by 376.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 11.3814% of the shares, which is about 29.54 million shares worth $269.95 million.
BLACKROCK INC., with 8.2764% or 21.48 million shares worth $196.31 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
