Riot Platforms Inc [NASDAQ: RIOT] gained 2.26% or 0.28 points to close at $12.65 with a heavy trading volume of 21894836 shares.
The daily chart for RIOT points out that the company has recorded 29.88% gains over the past six months.
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If we look at the average trading volume of 23.88M shares, RIOT reached to a volume of 21894836 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 $16.43 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 1.14, with the Price to Sales ratio for RIOT stock in the period of the last 12 months amounting to 13.74. The Price to Book ratio for the last quarter was 1.49, with the Price to Cash per share for the same quarter was set at 1.82.
Trading performance analysis for RIOT stock
Riot Platforms Inc [RIOT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.57. With this latest performance, RIOT shares gained by 20.71% in over the last four-week period, additionally plugging by 29.88% over the last 6 months – not to mention a drop of -2.69% 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 57.66, with the RSI for the last a single of trading hit 57.34, and the three-weeks RSI is set at 57.97 for Riot Platforms Inc [RIOT]. The present Moving Average for the last 50 days of trading for this stock 9.99, while it was recorded at 12.11 for the last single week of trading, and 10.18 for the last 200 days.
Riot Platforms Inc [RIOT]: A deeper dive into fundamental analysis
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 Platforms Inc [RIOT]: An earnings per share (EPS) analysis
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%.
An analysis of Institutional ownership at Riot Platforms Inc [RIOT]
There are presently around $40.99%, or 44.22%% 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%.
