Riot Platforms Inc (NASDAQ:RIOT)’s traded shares stood at 30.56 million during the last session, with the company’s beta value hitting 4.36. At the close of trading, the stock’s price was $8.94, to imply a decrease of -4.08% or -$0.38 in intraday trading. The RIOT share’s 52-week high remains $18.36, putting it -105.37% down since that peak but still an impressive 28.86% since price per share fell to its 52-week low of $6.36.
Analysts have given a consensus recommendation of Buy for Riot Platforms Inc (RIOT), translating to a mean rating of 1.20. Of 8 analyst(s) looking at the stock, 0 analyst(s) give RIOT a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 7 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.
Riot Platforms Inc (NASDAQ:RIOT) trade information
After registering a -4.08% downside in the last session, Riot Platforms Inc (RIOT) has traded red over the past five days. The 5-day price performance for the stock is -22.66%, and -21.92% over 30 days. With these gigs, the year-to-date price performance is -12.44%.
The extremes give us $7.5 and $10.5 for target low and target high price respectively. As such, RIOT has been trading -17.45% off suggested target high and 16.11% from its likely low.
Riot Platforms Inc (RIOT) estimates and forecasts
The rating firms project that company’s revenue will grow 86.18% compared to the previous financial year.
Revenue forecast for the current quarter as set by 10 analysts is 161.59M. Meanwhile, for the current quarter, a total of 10 analyst(s) estimate revenue growth to 178.16M.Earnings reports from the last fiscal year show that sales brought in 79.3M and 70.02M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 103.78% before jumping 154.44% in the following quarter.
RIOT Dividends
Riot Platforms Inc has its next earnings report out in March. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Riot Platforms Inc (NASDAQ:RIOT)’s Major holders
The next major institution holding the largest number of shares is BLACKROCK INC. with 21.48 million shares, or about 8.2764% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $196.31 million.
We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the Riot Platforms Inc (RIOT) shares. Going by data provided on Sep 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 8.99 shares. This is just over 2.61% of the total shares, with a market valuation of $80.36 million. Data from the same date shows that the other fund manager holds a little less at 8.04, or 2.34% of the shares, all valued at about 71.92 million.
