Riot Platforms Inc (NASDAQ: RIOT) is -35.36% lower on its value in year-to-date trading and has touched a low of $8.60 and a high of $20.65 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RIOT stock was last observed hovering at around $10.05 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $10.00, the stock is -12.18% and -21.84% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.67 million and changing -0.50% at the moment leaves the stock -22.04% off its SMA200. RIOT registered 9.17% gain for a year compared to 6-month gain of 0.81%. The firm has a 50-day simple moving average (SMA 50) of $5.87 and a 200-day simple moving average (SMA200) of -$591.67.
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The stock witnessed a -19.03% loss in the last 1 month and extending the period to 3 months gives it a -37.54%, and is -5.75% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.22% over the week and 7.01% over the month.
Riot Platforms Inc (RIOT) has around 534 employees, a market worth around $2.54B and $280.68M in sales. Fwd P/E is 116.39. Profit margin for the company is -17.63%. Distance from 52-week low is 16.21% and -51.57% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.59%).
Riot Platforms Inc quarterly earnings per share for the current quarter are estimated at -$0.14 with sales reaching $98.43M over the same period.The EPS is expected to shrink by -116.45% this year, but quarterly earnings will post 72.00% year-over-year. Quarterly sales are estimated to grow 34.40% in year-over-year returns.
Riot Platforms Inc (RIOT) Top Institutional Holders
387 institutions hold shares in Riot Platforms Inc (RIOT), with institutional investors hold 45.62% of the company’s shares. The shares outstanding are 230.84M, and float is at 227.91M with Short Float at 14.77%. Institutions hold 41.86% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 17.93 million shares valued at $211.96 million. The investor’s holdings represent 9.03% of the RIOT Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 12.04 million shares valued at $142.3 million to account for 6.06% of the shares outstanding. The other top investors are State Street Corporation which holds 4.96 million shares representing 2.50% and valued at over $58.67 million, while Geode Capital Management, LLC holds 1.83% of the shares totaling 3.64 million with a market value of $42.99 million.
Riot Platforms Inc (RIOT) Insider Activity
The most recent transaction is an insider sale by Werner Ryan D.,the company’sSVP, CAO. SEC filings show that Werner Ryan D. sold 35,000 shares of the company’s common stock on Mar 15 ’24 at a price of $11.15 per share for a total of $0.39 million. Following the sale, the insider now owns 0.46 million shares.
Riot Platforms Inc disclosed in a document filed with the SEC on Feb 28 ’24 that Cho Hannah (Director) sold a total of 15,000 shares of the company’s common stock. The trade occurred on Feb 28 ’24 and was made at $17.42 per share for $0.26 million. Following the transaction, the insider now directly holds 85151.0 shares of the RIOT stock.
Still, SEC filings show that on Dec 08 ’23, Jackman William Richard (EVP, GENERAL COUNSEL) disposed off 57,000 shares at an average price of $15.68 for $0.89 million. The insider now directly holds 947,557 shares of Riot Platforms Inc (RIOT).
