In today’s recent session, 8.73 million shares of the Riot Platforms Inc (NASDAQ:RIOT) have been traded, and its beta is 4.61. Most recently the company’s share price was $7.72, and it changed around -$0.18 or -2.22% from the last close, which brings the market valuation of the company to $2.76B. RIOT at last check was trading at a discount to its 52-week high of $15.87, offering almost -105.57% off that amount. The share price’s 52-week low was $6.19, which indicates that the recent value has risen by an impressive 19.82% since then.
Riot Platforms Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.18. 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 red trend so far today with a performance of -2.22% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 8.81 on recent trading dayincreased the stock’s daily price by 12.37%. The company’s shares are currently down -24.34% year-to-date, but still up 4.11% over the last five days. On the other hand, Riot Platforms Inc (NASDAQ:RIOT) is 8.19% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $20, which translates to bulls needing to increase their stock price by 61.4% from its current value. Analyst projections state that RIOT is forecast to be at a low of $20 and a high of $20.
Riot Platforms Inc (RIOT) estimates and forecasts
The year-over-year growth rate is expected to be 70.17%, up from the previous year.
Consensus estimates provided by 14 financial analysts predict the company will bring in an average of 146.95M in revenue for the current quarter. 14 analysts expect Riot Platforms Inc to make 157.77M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 70.02M and 84.79M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 109.88%. Forecasts for the next quarter put sales growth at 86.08%.
RIOT Dividends
Riot Platforms Inc’s next quarterly earnings report is expected to be released in June.
BLACKROCK INC., with 8.1163% or 21.48 million shares worth $196.31 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF were the top two Mutual Funds as of Dec 31, 2024 . The former held 9.41 shares worth $73.37 million, making up 2.63% of all outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held roughly 8.22 shares worth around $64.05 million, which represents about 2.30% of the total shares outstanding.
