Riot Platforms Inc (NASDAQ:RIOT) has a beta value of 4.23 and has seen 22.97 million shares traded in the last trading session. The company, currently valued at $4.27B, closed the last trade at $12.41 per share which meant it lost -$0.48 on the day or -3.72% during that session. The RIOT stock price is -47.95% off its 52-week high price of $18.36 and 48.75% 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 24.53 million shares traded. The 3-month trading volume is 31.68 million shares.
The consensus among analysts is that Riot Platforms Inc (RIOT) is Buy stock at the moment, with a recommendation rating of 1.28. 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.
Riot Platforms Inc (NASDAQ:RIOT) trade information
Sporting -3.72% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the RIOT stock price touched $12.41 or saw a rise of 4.61%. Year-to-date, Riot Platforms Inc shares have moved 21.55%, while the 5-day performance has seen it change 18.19%. Over the past 30 days, the shares of Riot Platforms Inc (NASDAQ:RIOT) have changed 0.73%. Short interest in the company has seen 59.52 million shares shorted with days to cover at 1.56.
Wall Street analysts have a consensus price target for the stock at $9, which means that the shares’ value could drop -37.89% from current levels. The projected low price target is $7.5 while the price target rests at a high of $10.5. In that case, then, we find that the current price level is 15.39% off the targeted high while a plunge would see the stock lose 39.56% from current levels.
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 gained 35.78% over the past 6 months, with this year growth rate of -25.00%, compared to 16.50% for the industry.
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 2025 is a modest -4.43% 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 in February 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 7.05% of the company shares, while shares held by institutions stand at 40.52% with a share float percentage of 43.60%. Investors are also buoyed by the number of investors in a company, with Riot Platforms Inc having a total of 373.0 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.
