Riot Platforms Inc [NASDAQ: RIOT] stock went on an upward path that rose over 4.26% on Friday, amounting to a one-week price decrease of less than -3.43%.
Over the last 12 months, RIOT stock rose by 15.82%. The one-year Riot Platforms Inc stock forecast points to a potential upside of 24.06. The average equity rating for RIOT stock is currently 1.20, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $4.29 billion, with 332.33 million shares outstanding and 305.47 million shares in the current float. Compared to the average trading volume of 21.38M shares, RIOT stock reached a trading volume of 25111641 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $16.29 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 1.20. 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.
Macquarie have made an estimate for Riot Platforms Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 25, 2024. While these analysts kept the previous recommendation, Needham dropped their target price from $15 to $13. The new note on the price target was released on July 24, 2024, representing the official price target for Riot Platforms Inc stock. Previously, the target price had yet another raise from $8 to $12, while JP Morgan kept a Neutral rating on RIOT stock.
The Average True Range (ATR) for Riot Platforms Inc is set at 1.10, with the Price to Sales ratio for RIOT stock in the period of the last 12 months amounting to 13.70. The Price to Book ratio for the last quarter was 1.46, with the Price to Cash per share for the same quarter was set at 1.79.
RIOT Stock Performance Analysis:
Riot Platforms Inc [RIOT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.43. With this latest performance, RIOT shares gained by 34.46% in over the last four-week period, additionally plugging by 22.96% over the last 6 months – not to mention a rise of 15.82% 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 58.32, with the RSI for the last a single of trading hit 56.06, and the three-weeks RSI is set at 59.00 for Riot Platforms Inc [RIOT]. The present Moving Average for the last 50 days of trading for this stock 9.08, while it was recorded at 13.27 for the last single week of trading, and 10.24 for the last 200 days.
Insight into Riot Platforms Inc Fundamentals:
Riot Platforms Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.68 and a Current Ratio set at 5.68.
RIOT Stock EPS
With the latest financial reports released by the company, Riot Platforms Inc posted 0.47/share EPS, while the average EPS was predicted by analysts to be reported at -0.29/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.76. 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%.
Riot Platforms Inc [RIOT] Institutonal Ownership Details
There are presently around $40.88%, or 44.10%% of RIOT stock, in the hands of institutional investors. The top three institutional holders of RIOT stocks are: VANGUARD GROUP INC with ownership of 29.54 million shares, which is approximately 11.3814%. BLACKROCK INC., holding 21.48 million shares of the stock with an approximate value of $$196.31 million in RIOT stocks shares; and BLACKROCK INC., currently with $$81.99 million in RIOT stock with ownership which is approximately 3.4567%.
