At the time of writing, Riot Platforms Inc [RIOT] stock is trading at $13.39, up 0.75%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The RIOT shares have gain 11.58% over the last week, with a monthly amount drifted -4.56%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Piper Sandler started tracking the stock with Overweight rating on December 17, 2024, and set its price target to $23. On September 25, 2024, Macquarie initiated with a Outperform rating and assigned a price target of $15 on the stock. Needham reiterated its Buy rating and decreased its price target to $13 on July 24, 2024. JP Morgan upgraded its rating to a Neutral and raised its price target to $12 on December 08, 2023. Bernstein started tracking with a Outperform rating for this stock on October 31, 2023, and assigned it a price target of $15.60. In a note dated October 11, 2023, JP Morgan initiated an Underweight rating and provided a target price of $6.50 on this stock.
For the past year, the stock price of Riot Platforms Inc fluctuated between $6.36 and $18.36. Currently, Wall Street analysts expect the stock to reach $9 within the next 12 months. Riot Platforms Inc [NASDAQ: RIOT] shares were valued at $13.39 at the most recent close of the market. An investor can expect a potential drop of -32.79% based on the average RIOT price forecast.
Analyzing the RIOT fundamentals
According to Riot Platforms Inc [NASDAQ:RIOT], the company’s sales were 312.91M for trailing twelve months, which represents an 63.39% jump. 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 of0.01.
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 13.00 points at the first support level, and at 12.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.10, and for the 2nd resistance point, it is at 14.82.
Ratios To Look Out For
It is important to note that Riot Platforms Inc [NASDAQ:RIOT] has a current ratio of 5.68. Further, the Quick Ratio stands at 5.68, while the Cash Ratio is 2.82. Considering the valuation of this stock, the price to sales ratio is 14.72, the price to book ratio is 1.58 and price to earnings (TTM) ratio is 45.86.
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.
