Riot Platforms Inc [RIOT] stock prices are up 0.90% to $7.84 at the moment. 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 9.04% over the last week, with a monthly amount glided 2.62%, and 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 September 25, 2024, when Macquarie initiated its Outperform rating and assigned the stock a price target of $15. Previously, Needham reaffirmed its Buy rating on July 24, 2024, and dropped its price target to $13. On December 08, 2023, upgrade upgraded it’s rating to Neutral and revised its price target to $12 on the stock. Bernstein started tracking the stock assigning a Outperform rating and suggested a price target of $15.60 on October 31, 2023. JP Morgan initiated its recommendation with a Underweight and recommended $6.50 as its price target on October 11, 2023. Needham started tracking with a Buy rating for this stock on February 21, 2023, and assigned it a price target of $9.
The stock price of Riot Platforms Inc [RIOT] has been fluctuating between $6.36 and $18.75 over the past year. Currently, Wall Street analysts expect the stock to reach $16 within the next 12 months. Riot Platforms Inc [NASDAQ: RIOT] shares were valued at $7.84 at the most recent close of the market. An investor can expect a potential return of 104.08% based on the average RIOT price forecast.
Analyzing the RIOT fundamentals
The Riot Platforms Inc [NASDAQ:RIOT] reported sales of 280.02M for trailing twelve months, representing 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 7.67 points at the first support level, and at 7.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.04, and for the 2nd resistance point, it is at 8.24.
Ratios To Look Out For
It’s worth pointing out that Riot Platforms Inc [NASDAQ:RIOT]’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 8.50, the price to book ratio is 0.86 and price to earnings (TTM) ratio is 13.50.
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.
