In the last trading session, 18.82 million Riot Platforms Inc (NASDAQ:RIOT) shares changed hands as the company’s beta touched 4.55. With the company’s per share price at $7.82 changed hands at $0.51 or 6.98% during last session, the market valuation stood at $2.74B. RIOT’s last price was a discount, traded about -102.94% off its 52-week high of $15.87. The share price had its 52-week low at $6.36, which suggests the last value was 18.67% up since then. When we look at Riot Platforms Inc’s average trading volume, we note the 10-day average is 24.89 million shares, with the 3-month average coming to 30.35 million.
Analysts gave the Riot Platforms Inc (RIOT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.20. If we narrow down to specifics, the data shows that 0 out of 8 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended RIOT as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight. Riot Platforms Inc’s EPS for the current quarter is expected to be 0.
Riot Platforms Inc (NASDAQ:RIOT) trade information
Instantly RIOT was in green as seen at the end of in last trading. With action -6.57%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -23.41%, with the 5-day performance at -6.57% in the red. However, in the 30-day time frame, Riot Platforms Inc (NASDAQ:RIOT) is -29.93% down. Looking at the short shares, we see there were 78.59 million shares sold at short interest cover period of 2.62 days.
The consensus price target for the stock as assigned by Wall Street analysts is 9, meaning bulls need an upside of 13.11% from its current market value. According to analyst projections, RIOT’s forecast low is 7.5 with 10.5 as the target high. To hit the forecast high, the stock’s price needs a -34.27% plunge from its current level, while the stock would need to tank 4.09% for it to hit the projected low.
Riot Platforms Inc (RIOT) estimates and forecasts
Year-over-year growth is forecast to reach 82.52% up from the last financial year.
Consensus estimates given by 12 financial analysts project the company’s revenue in the current quarter to hit an average of 159.66M. 12 analysts are of the opinion that Riot Platforms Inc’s revenue for the current quarter will be 171.47M. The company’s revenue for the corresponding quarters a year ago was 79.3M and 70.02M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 101.35%. The estimates for the next quarter sales put growth at 144.90%.
The 2025 estimates are for Riot Platforms Inc earnings to decrease by -321.56%.
RIOT Dividends
Riot Platforms Inc is expected to release its next quarterly earnings report on 2025-Feb-23.
Riot Platforms Inc (NASDAQ:RIOT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 6.93% of Riot Platforms Inc shares while 57.76% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 62.06%. There are 57.76% institutions holding the Riot Platforms Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 11.3814% of the shares, roughly 29.54 million RIOT shares worth $269.95 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 8.2764% or 21.48 million shares worth $196.31 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . With 9.41 shares estimated at $73.61 million under it, the former controlled 2.69% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.20% of the shares, roughly 7.7 shares worth around $60.23 million.
