A share price of Riot Platforms Inc [RIOT] is currently trading at $8.35, up 3.86%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The RIOT shares have gain 9.15% over the last week, with a monthly amount drifted -27.96%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Riot Platforms Inc [NASDAQ: RIOT] stock has seen the most recent analyst activity on July 24, 2024, when Needham reiterated its Buy rating and also revised its price target to $13 from $15. Previously, JP Morgan upgraded its rating to Neutral on December 08, 2023, and elevated its price target to $12. On October 31, 2023, Bernstein initiated with a Outperform rating and assigned a price target of $15.60 on the stock. JP Morgan started tracking the stock assigning a Underweight rating and suggested a price target of $6.50 on October 11, 2023. Needham initiated its recommendation with a Buy and recommended $9 as its price target on February 21, 2023. In a note dated September 29, 2022, Wells Fargo initiated an Equal Weight rating and provided a target price of $7 on this stock.
Riot Platforms Inc experienced fluctuations in its stock price throughout the past year between $7.25 and $18.75. Currently, Wall Street analysts expect the stock to reach $16.14 within the next 12 months. Riot Platforms Inc [NASDAQ: RIOT] shares were valued at $8.35 at the most recent close of the market. An investor can expect a potential return of 93.29% based on the average RIOT price forecast.
Analyzing the RIOT fundamentals
Trailing Twelve Months sales for Riot Platforms Inc [NASDAQ:RIOT] were 280.02M which represents -8.76% decline. Gross Profit Margin for this corporation currently stands at 0.05% with Operating Profit Margin at 0.4%, Pretax Profit Margin comes in at 0.58%, and Net Profit Margin reading is 0.58%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.08 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 8.09 points at the first support level, and at 7.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.50, and for the 2nd resistance point, it is at 8.64.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Riot Platforms Inc [NASDAQ:RIOT] is 7.65. Also, the Quick Ratio is 7.65, while the Cash Ratio stands at 4.95. Considering the valuation of this stock, the price to sales ratio is 9.05, the price to book ratio is 0.92 and price to earnings (TTM) ratio is 14.38.
Transactions by insiders
Recent insider trading involved Marleau Hubert, Director, that happened on Aug 14 ’24 when 17861.0 shares were sold. Director, Marleau Hubert completed a deal on Aug 14 ’24 to buy 17861.0 shares. Meanwhile, Director Cho Hannah sold 27861.0 shares on Aug 07 ’24.
