Riot Platforms Inc (NASDAQ:RIOT)’s traded shares stood at 4.16 million during the latest session, with the company’s beta value hitting 4.59. At the last check today, the stock’s price was $8.04, to imply an increase of 3.40% or $0.26 in intraday trading. The RIOT share’s 52-week high remains $15.87, putting it -97.39% down since that peak but still an impressive 20.9% since price per share fell to its 52-week low of $6.36. The company has a valuation of $2.82B, with an average of 21.9 million shares in intraday trading volume over the past 10 days and average of 28.92 million shares over the past 3 months.
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 3.40% upside in the latest session, Riot Platforms Inc (RIOT) has traded red over the past five days. The 5-day price performance for the stock is 10.05%, and -30.41% over 30 days. With these gigs, the year-to-date price performance is -21.21%. Short interest in Riot Platforms Inc (NASDAQ:RIOT) saw shorts transact 78.59 million shares and set a 2.62 days time to cover.
The extremes give us $7.5 and $10.5 for target low and target high price respectively. As such, RIOT has been trading -30.6% off suggested target high and 6.72% from its likely low.
Riot Platforms Inc (RIOT) estimates and forecasts
The rating firms project that company’s revenue will grow 79.21% compared to the previous financial year.
Revenue forecast for the current quarter as set by 12 analysts is 158.81M. Meanwhile, for the current quarter, a total of 12 analyst(s) estimate revenue growth to 166.55M.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 100.28% before jumping 137.87% in the following quarter.
RIOT Dividends
Riot Platforms Inc has its next earnings report out on 2025-Feb-23. 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
Riot Platforms Inc insiders hold 6.93% of total outstanding shares, with institutional holders owning 57.84% of the shares at 62.15% float percentage. In total, 57.84% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 29.54 million shares (or 11.3814% of shares), all amounting to roughly $269.95 million.
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 Dec 31, 2024 , Vanguard Total Stock Market Index Fund holds roughly 9.41 shares. This is just over 2.69% of the total shares, with a market valuation of $76.01 million. Data from the same date shows that the other fund manager holds a little less at 7.7, or 2.20% of the shares, all valued at about 62.19 million.
