Riot Platforms Inc [RIOT] stock is trading at $14.03, up 8.01%. An important factor to consider is whether the stock is rising or falling in short-term value. The RIOT shares have gain 25.16% over the last week, with a monthly amount glided 18.25%, 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.
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 $9 within the next 12 months. Riot Platforms Inc [NASDAQ: RIOT] shares were valued at $14.03 at the most recent close of the market. An investor can expect a potential drop of -35.85% based on the average RIOT price forecast.
Analyzing the RIOT fundamentals
Riot Platforms Inc [NASDAQ:RIOT] reported sales of 312.91M for the trailing twelve months, which represents a growth of 63.39%. Gross Profit Margin for this corporation currently stands at -0.07% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.02 and Total Capital is 0.01. 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 13.22 points at the first support level, and at 12.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.70, and for the 2nd resistance point, it is at 15.36.
Ratios To Look Out For
For context, Riot Platforms Inc’s Current Ratio is 5.68. On the other hand, the Quick Ratio is 5.68, and the Cash Ratio is 2.82. Considering the valuation of this stock, the price to sales ratio is 15.70, the price to book ratio is 1.66 and price to earnings (TTM) ratio is 48.05.
Transactions by insiders
Recent insider trading involved Les Jason, CHIEF EXECUTIVE OFFICER, that happened on Dec 10 ’24 when 50000.0 shares were sold. CEO, Jason Les completed a deal on Dec 10 ’24 to buy 0.15 million shares. Meanwhile, Director Cho Hannah sold 10025.0 shares on Nov 18 ’24.
