Riot Platforms Inc (NASDAQ: RIOT) is -52.62% lower on its value in year-to-date trading and has touched a low of $6.36 and a high of $18.75 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 $7.19 in the last trading session, with the day’s gains setting it 0.14%.
Currently trading at $7.33, the stock is 0.88% and -15.33% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 16.51 million and changing 1.95% at the moment leaves the stock -34.19% off its SMA200. RIOT registered -23.49% loss for a year compared to 6-month loss of -35.70%.
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The stock witnessed a -8.94% gain in the last 1 month and extending the period to 3 months gives it a -20.41%, and is 5.32% up 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 5.49% over the week and 5.91% over the month.
Riot Platforms Inc (RIOT) has around 534 employees, a market worth around $2.22B and $280.02M in sales. Current P/E ratio is 12.62. Profit margin for the company is 57.58%. Distance from 52-week low is 15.34% and -60.91% from its 52-week high. The company has generated returns on investments over the last 12 months (6.19%).
The EPS is expected to grow by 135.45% this year.
Riot Platforms Inc (RIOT) Top Institutional Holders
387.0 institutions hold shares in Riot Platforms Inc (RIOT), with institutional investors hold 48.60% of the company’s shares. The shares outstanding are 303.52M, and float is at 279.06M with Short Float at 17.97%. Institutions hold 44.71% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 29.54 million shares valued at $269.95 million. The investor’s holdings represent 11.3814% of the RIOT Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 21.48 million shares valued at $196.31 million to account for 8.2764 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 8.97 million shares representing 3.4567% and valued at over $81.99 million, while STATE STREET CORP holds 2.7497 of the shares totaling 7.14 million with a market value of $65.22 million.
Riot Platforms Inc (RIOT) Insider Activity
The most recent transaction is an insider sale by D’Ambrosio Lance Varro, the company’s Director. SEC filings show that D’Ambrosio Lance Varro sold 25,000 shares of the company’s common stock on Sep 16 ’24 at a price of $7.00 per share for a total of $0.18 million. Following the sale, the insider now owns 44441.0 shares.
Still, SEC filings show that on Aug 14 ’24, Marleau Hubert (Director) disposed off 17,861 shares at an average price of $7.70 for $0.14 million. The insider now directly holds 66,000 shares of Riot Platforms Inc (RIOT).
