Riot Platforms Inc [NASDAQ: RIOT] stock went on an upward path that rose over 33900184% on Friday, amounting to a one-week price decrease of less than -6.37%.
Over the last 12 months, RIOT stock dropped by -6.37%. The one-year Riot Platforms Inc stock forecast points to a potential downside of -201187400.0. The average equity rating for RIOT stock is currently 1.18, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $3.42 billion, with 350.18 million shares outstanding and 331.37 million shares in the current float. Compared to the average trading volume of 32.19M shares, RIOT stock reached a trading volume of 33900184 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 $16.00 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 1.18. 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.
Keefe Bruyette have made an estimate for Riot Platforms Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 08, 2025. While these analysts kept the previous recommendation, Piper Sandler raised their target price to Overweight. The new note on the price target was released on December 17, 2024, representing the official price target for Riot Platforms Inc stock. Previously, the target price had yet another raise to $15, while Macquarie analysts kept a Outperform rating on RIOT stock. On July 24, 2024, analysts decreased their price target for RIOT shares from 15 to 13.
The Price to Book ratio for the last quarter was 1.14, with the Price to Cash per share for the same quarter was set at 0.86.
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 -6.37. With this latest performance, RIOT shares gained by 7.05% in over the last four-week period, additionally sinking by -31.86% over the last 6 months – not to mention a drop of -6.37% in the past year of trading.
Insight into Riot Platforms Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Riot Platforms Inc [RIOT] shares currently have an operating margin of -85.20% and a Gross Margin at -24.01%. Riot Platforms Inc’s Net Margin is presently recorded at -86.92%.
Return on Equity for this stock declined to -12.60%, with Return on Assets sitting at -12.60%.
Riot Platforms Inc [RIOT] Institutonal Ownership Details
There are presently around $59.95%, or 64.30%% 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 11.1612%. 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 3.3899%.
