Riot Platforms Inc [RIOT] stock is trading at $7.33, up 1.95%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The RIOT shares have gain 5.32% over the last week, with a monthly amount drifted -8.94%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 [RIOT] stock has fluctuated between $6.36 and $18.75 over the past year. 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 $7.33 at the most recent close of the market. An investor can expect a potential return of 120.19% based on the average RIOT price forecast.
Analyzing the RIOT fundamentals
Riot Platforms Inc [NASDAQ:RIOT] reported sales of 280.02M for the trailing twelve months, which represents a drop of -8.76%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.0.
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 7.16 points at the first support level, and at 6.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.45, and for the 2nd resistance point, it is at 7.57.
Ratios To Look Out For
For context, Riot Platforms Inc’s Current Ratio is 7.65. In addition, the Quick Ratio stands at 7.65 and the Cash Ratio stands at 4.95. Considering the valuation of this stock, the price to sales ratio is 7.95, the price to book ratio is 0.80 and price to earnings (TTM) ratio is 12.62.
Transactions by insiders
Recent insider trading involved D’Ambrosio Lance Varro, Director, that happened on Sep 16 ’24 when 25000.0 shares were sold. Director, D’Ambrosio Lance Varro completed a deal on Sep 16 ’24 to buy 25000.0 shares. Meanwhile, Director Marleau Hubert sold 17861.0 shares on Aug 14 ’24.
