Riot Platforms Inc (NASDAQ:RIOT) has a beta value of 4.25 and has seen 26.84 million shares traded in the recent trading session. The company, currently valued at $3.98B, closed the recent trade at $11.56 per share which meant it lost -$1.98 on the day or -14.62% during that session. The RIOT stock price is -58.82% off its 52-week high price of $18.36 and 44.98% 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 36.05 million shares traded. The 3-month trading volume is 34.47 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. The expected earnings per share for the stock is 0.
Riot Platforms Inc (NASDAQ:RIOT) trade information
Sporting -14.62% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the RIOT stock price touched $11.56 or saw a rise of 20.5%. Year-to-date, Riot Platforms Inc shares have moved 13.22%, while the 5-day performance has seen it change -13.67%. Over the past 30 days, the shares of Riot Platforms Inc (NASDAQ:RIOT) have changed 7.04%. Short interest in the company has seen 66.38 million shares shorted with days to cover at 1.79.
Wall Street analysts have a consensus price target for the stock at $9, which means that the shares’ value could drop -28.44% from the levels at last check today. 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 latest price level in today’s session is 9.17% off the targeted high while a plunge would see the stock lose 35.12% from the levels at last check today.
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 7.74% over the past 6 months, with this year growth rate of -32.14%, compared to 15.10% for the industry. Revenue growth from the last financial year stood is estimated to be 31.74%.
13 analysts offering their estimates for the company have set an average revenue estimate of 135.37M for the current quarter. 11 have an estimated revenue figure of 153.27M for the next ending quarter. Year-ago sales stood 78.81M and 79.3M respectively for this quarter and the next, and analysts expect sales will grow by 71.76% for the current quarter and 31.74% for the next.
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.
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 40.67% with a share float percentage of 43.76%. 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.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. As of Sep 30, 2024 , the former fund manager holds about 2.61% shares in the company for having 8.99 shares of worth $103.23 million while later fund manager owns 7.34 shares of worth $84.25 million as of Oct 31, 2024 , which makes it owner of about 2.13% of company’s outstanding stock.
