During the last session, Riot Platforms Inc (NASDAQ:RIOT)’s traded shares were 20.67 million, with the beta value of the company hitting 4.60. At the end of the trading day, the stock’s price was $8.88, reflecting an intraday gain of 5.59% or $0.47. The 52-week high for the RIOT share is $15.87, that puts it down -78.72 from that peak though still a striking 28.38% gain since the share price plummeted to a 52-week low of $6.36. The company’s market capitalization is $3.11B, and the average trade volume was 34.39 million shares over the past three months.
Riot Platforms Inc (RIOT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.20. RIOT has a Sell rating from 0 analyst(s) out of 8 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 7 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.
Riot Platforms Inc (NASDAQ:RIOT) trade information
Riot Platforms Inc (RIOT) registered a 5.59% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 5.59% in intraday trading to $8.88, hitting a weekly high. The stock’s 5-day price performance is -0.67%, and it has moved by -25.94% in 30 days. Based on these gigs, the overall price performance for the year is -38.50%.
The consensus price target of analysts on Wall Street is $9, which implies an increase of 1.33% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $7.5 and $10.5 respectively. As a result, RIOT is trading at a discount of -18.24% off the target high and 15.54% off the low.
Riot Platforms Inc (RIOT) estimates and forecasts
In the rating firms’ projections, revenue will increase 83.10% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 159.24M as predicted by 12 analyst(s). Meanwhile, a consensus of 12 analyst(s) estimates revenue growth to 171.06M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 79.3M and 70.02M respectively. In this case, analysts expect current quarter sales to grow by 100.82% and then jump by 144.30% in the coming quarter.
While earnings are projected to return -291.45% in 2025, the next five years will return 36.51% per annum.
RIOT Dividends
Riot Platforms Inc is due to release its next quarterly earnings in April. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 21.48 million shares, is of BLACKROCK INC.’s that is approximately 8.2764% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $196.31 million.
Also, the Mutual Funds coming in first place with the largest holdings of Riot Platforms Inc (RIOT) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 8.99 shares. This amounts to just over 2.57 percent of the company’s overall shares, with a $79.82 million market value. The same data shows that the other fund manager holds slightly less at 7.7, or about 2.20% of the stock, which is worth about $68.39 million.
