Riot Platforms Inc (NASDAQ:RIOT) Is Down -9.46% Over The Past 30 Days: Is There Trouble Ahead?

In recent trading session, Riot Platforms Inc (NASDAQ:RIOT) saw 8.12 million shares changing hands at last check today with its beta currently measuring 4.32. Company’s recent per share price level of $11.53 trading at -$0.03 or -0.22% at last check today assigns it a market valuation of $3.97B. That most recent trading price of RIOT’s stock is at a discount of -59.24% from its 52-week high price of $18.36 and is indicating a premium of 44.84% from its 52-week low price of $6.36.

For Riot Platforms Inc (RIOT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.29. 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.

Riot Platforms Inc (NASDAQ:RIOT) trade information

Upright in the red during last session for losing -0.22%, in the last five days RIOT remained trading in the green while hitting it’s week-highest on Friday, 02/14/25 when the stock touched $11.53 price level, adding 7.61% to its value on the day. Riot Platforms Inc’s shares saw a change of 12.98% in year-to-date performance and have moved 3.36% in past 5-day. Riot Platforms Inc (NASDAQ:RIOT) showed a performance of -9.46% in past 30-days.

Wall Street analysts have assigned a consensus price target of 9 to the stock, which implies a fall of -28.11% to its recent value today. Analysts have been projecting 7.5 as a low price target for the stock while placing it at a high target of 10.5. It follows that stock’s current price would jump 34.95% in reaching the projected high whereas dropping to the targeted low would mean a gain of 34.95% for stock’s current value.

Riot Platforms Inc (RIOT) estimates and forecasts

This year revenue growth is estimated to rise 32.77% from the last financial year’s standing.

14 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 139.11M for the same. And 10 analysts are in estimates of company making revenue of 157.09M 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 2025, company’s earnings growth rate is likely to be around -22.11% while estimates for its earnings growth in next 5 years are of 4.06%.

Riot Platforms Inc (NASDAQ:RIOT)’s Major holders

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 Sep 30, 2024, the former fund manager was holding 8.99 shares of worth $102.83 million or 2.61% of the total outstanding shares. The later fund manager was in possession of 8.04 shares on Nov 30, 2024, making its stake of worth around $92.03 million in the company or a holder of 2.34% of company’s stock.