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Riot Platforms Inc (RIOT) Stock Could Soon Reward Patient Investors

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Riot Platforms Inc (NASDAQ: RIOT) is -40.92% lower on its value in year-to-date trading and has touched a low of $7.80 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 $9.40 in the last trading session, with the day’s loss setting it -0.26%.

Currently trading at $9.14, the stock is -7.34% and -9.59% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 20.2 million and changing -2.77% at the moment leaves the stock -20.99% off its SMA200. RIOT registered -40.96% loss for a year compared to 6-month loss of -38.37%.

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The stock witnessed a -10.04% gain in the last 1 month and extending the period to 3 months gives it a -9.05%, and is -8.14% 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 5.61% over the week and 6.40% over the month.

Riot Platforms Inc (RIOT) has around 534 employees, a market worth around $2.64B and $286.74M in sales. Current P/E ratio is 12.44. Profit margin for the company is 76.03%. Distance from 52-week low is 17.18% and -55.74% from its 52-week high. The company has generated returns on investments over the last 12 months (8.73%).

The EPS is expected to grow by 208.03% this year.

Riot Platforms Inc (RIOT) Top Institutional Holders

The shares outstanding are 288.79M, and float is at 264.27M with Short Float at 20.28%.

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).

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