In today’s recent session, 7.08 million shares of the Riot Platforms Inc (NASDAQ:RIOT) have been traded, and its beta is 4.58. Most recently the company’s share price was $8.39, and it changed around $0.44 or 5.47% from the last close, which brings the market valuation of the company to $2.94B. RIOT at last check was trading at a discount to its 52-week high of $15.87, offering almost -89.15% off that amount. The share price’s 52-week low was $6.36, which indicates that the recent value has risen by an impressive 24.2% since then. We note from Riot Platforms Inc’s average daily trading volume that its 10-day average is 20.41 million shares, with the 3-month average coming to 28.60 million.
Riot Platforms Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.20. If we narrow it down even further, the data shows that 0 out of 16 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 1 recommended RIOT as a Hold, whereas 9 deemed it a Buy, and 0 rated it as Underweight. Riot Platforms Inc is expected to report earnings per share of 0 for the current quarter.
Riot Platforms Inc (NASDAQ:RIOT) trade information
Instantly RIOT has been showing a green trend so far today with a performance of 5.47% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 8.52 on recent trading dayincreased the stock’s daily price by 1.53%. The company’s shares are currently down -17.87% year-to-date, but still up 8.05% over the last five days. On the other hand, Riot Platforms Inc (NASDAQ:RIOT) is -19.84% down in the 30-day period. We can see from the shorts that 78.59 million shares have been sold at a short interest cover period of 2.62 day(s).
The consensus price target as assigned by Wall Street analysts is $9, which translates to bulls needing to increase their stock price by 6.78% from its current value. Analyst projections state that RIOT is forecast to be at a low of $7.5 and a high of $10.5.
Riot Platforms Inc (RIOT) estimates and forecasts
The year-over-year growth rate is expected to be 79.21%, up from the previous year.
Consensus estimates provided by 12 financial analysts predict the company will bring in an average of 158.81M in revenue for the current quarter. 12 analysts expect Riot Platforms Inc to make 166.55M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 79.3M and 70.02M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 100.28%. Forecasts for the next quarter put sales growth at 137.87%.
Riot Platforms Inc (NASDAQ:RIOT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 6.93% of Riot Platforms Inc shares, and 57.85% of them are in the hands of institutional investors. The stock currently has a share float of 62.16%. Riot Platforms Inc stock is held by 450.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 11.3814% of the shares, which is about 29.54 million shares worth $269.95 million.
BLACKROCK INC., with 8.2764% or 21.48 million shares worth $196.31 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Dec 31, 2024. The former held 9.41 shares worth $78.97 million, making up 2.69% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 7.7 shares worth around $64.62 million, which represents about 2.20% of the total shares outstanding.
