Riot Platforms Inc. [NASDAQ: RIOT] loss -7.85% or -0.5 points to close at $5.87 with a heavy trading volume of 11984089 shares. The company report on February 6, 2023 that Riot Announces January 2023 Production and Operations Updates.
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It opened the trading session at $6.17, the shares rose to $6.22 and dropped to $5.73, the range by which the price of stock traded the whole day. The daily chart for RIOT points out that the company has recorded -19.48% loss over the past six months. However, it is still -80.62% lower than its most recent low trading price.
If we look at the average trading volume of 13.57M shares, RIOT reached to a volume of 11984089 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Riot Platforms Inc. [RIOT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RIOT shares is $9.44 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RIOT stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Needham have made an estimate for Riot Platforms Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 21, 2023. While these analysts kept the previous recommendation, H.C. Wainwright raised their target price to Buy. The new note on the price target was released on November 23, 2022, representing the official price target for Riot Platforms Inc. stock. Previously, the target price had yet another raise to $7, while Wells Fargo analysts kept a Equal Weight rating on RIOT stock.
The Average True Range (ATR) for Riot Platforms Inc. is set at 0.61, with the Price to Sales ratio for RIOT stock in the period of the last 12 months amounting to 3.68. The Price to Book ratio for the last quarter was 0.70, with the Price to Cash per share for the same quarter was set at 2.11.
Trading performance analysis for RIOT stock
Riot Platforms Inc. [RIOT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.70. With this latest performance, RIOT shares dropped by -5.78% in over the last four-week period, additionally sinking by -19.48% over the last 6 months – not to mention a drop of -61.05% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RIOT stock in for the last two-week period is set at 47.87, with the RSI for the last a single of trading hit 43.72, and the three-weeks RSI is set at 49.96 for Riot Platforms Inc. [RIOT]. The present Moving Average for the last 50 days of trading for this stock 5.36, while it was recorded at 6.28 for the last single week of trading, and 6.06 for the last 200 days.
Riot Platforms Inc. [RIOT]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Riot Platforms Inc. [RIOT] shares currently have an operating margin of +8.16 and a Gross Margin at +49.16. Riot Platforms Inc.’s Net Margin is presently recorded at -3.72.
Return on Equity for this stock declined to -0.97, with Return on Assets sitting at -0.88.
Riot Platforms Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.50 and a Current Ratio set at 4.50.
Riot Platforms Inc. [RIOT]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RIOT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Riot Platforms Inc. go to 20.00%.
An analysis of insider ownership at Riot Platforms Inc. [RIOT]
There are presently around $356 million, or 36.10% of RIOT stock, in the hands of institutional investors. The top three institutional holders of RIOT stocks are: VANGUARD GROUP INC with ownership of 15,215,499, which is approximately 4.988% of the company’s market cap and around 6.90% of the total institutional ownership; BLACKROCK INC., holding 11,407,415 shares of the stock with an approximate value of $66.96 million in RIOT stocks shares; and MORGAN STANLEY, currently with $25.08 million in RIOT stock with ownership of nearly 77.012% of the company’s market capitalization.
Positions in Riot Platforms Inc. stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 140 institutional holders increased their position in Riot Platforms Inc. [NASDAQ:RIOT] by around 12,527,014 shares. Additionally, 92 investors decreased positions by around 10,767,092 shares, while 45 investors held positions by with 37,421,461 shares. The mentioned changes placed institutional holdings at 60,715,567 shares, according to the latest SEC report filing. RIOT stock had 58 new institutional investments in for a total of 1,360,038 shares, while 38 institutional investors sold positions of 2,021,941 shares during the same period.