Riot Platforms Inc [RIOT] stock prices are up 4.46% to $12.89 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 17.29% over the last week, with a monthly amount drifted -0.46%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Riot Platforms Inc [NASDAQ: RIOT] stock has seen the most recent analyst activity on December 17, 2024, when Piper Sandler initiated its Overweight rating and assigned the stock a price target of $23. Previously, Macquarie started tracking the stock with Outperform rating on September 25, 2024, and set its price target to $15. On July 24, 2024, Needham reiterated its Buy rating and revised its price target to $13 on the stock. JP Morgan upgraded its rating to a Neutral and increased its price target to $12 on December 08, 2023. Bernstein initiated its recommendation with a Outperform and recommended $15.60 as its price target on October 31, 2023. JP Morgan started tracking with a Underweight rating for this stock on October 11, 2023, and assigned it a price target of $6.50. In a note dated February 21, 2023, Needham initiated an Buy rating and provided a target price of $9 on this stock.
The stock price of Riot Platforms Inc [RIOT] has been fluctuating between $6.36 and $18.36 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 $12.89 at the most recent close of the market. An investor can expect a potential drop of -30.18% based on the average RIOT price forecast.
Analyzing the RIOT fundamentals
The Riot Platforms Inc [NASDAQ:RIOT] reported sales of 312.91M for trailing twelve months, representing a surge 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. 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 12.47 points at the first support level, and at 12.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.16, and for the 2nd resistance point, it is at 13.43.
Ratios To Look Out For
It’s worth pointing out that Riot Platforms Inc [NASDAQ:RIOT]’s Current Ratio is 5.68. In addition, the Quick Ratio stands at 5.68 and the Cash Ratio stands at 2.82. Considering the valuation of this stock, the price to sales ratio is 16.71, the price to book ratio is 1.52 and price to earnings (TTM) ratio is 44.14.
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.
