Riot Platforms Inc (NASDAQ: RIOT) is -21.40% 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 $12.37 in the last trading session, with the day’s loss setting it -0.21%.
Currently trading at $12.16, the stock is 8.22% and 32.30% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 23.52 million and changing -1.70% at the moment leaves the stock 18.69% off its SMA200. RIOT registered 19.69% gain for a year compared to 6-month loss of 10.95%. The firm has a 50-day simple moving average (SMA 50) of $9.0841 and a 200-day simple moving average (SMA200) of $10.240475.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 23.33% gain in the last 1 month and extending the period to 3 months gives it a 51.24%, and is -18.77% 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 11.00% over the week and 8.53% over the month.
Riot Platforms Inc (RIOT) has around 534 employees, a market worth around $4.21B and $312.91M in sales. Current P/E ratio is 41.64. Profit margin for the company is 16.68%. Distance from 52-week low is 91.35% and -35.15% from its 52-week high. The company has generated returns on investments over the last 12 months (1.88%).
with sales reaching $128.74M over the same period.The EPS is expected to grow by 27.86% this year, but quarterly earnings will post 29.37% year-over-year. Quarterly sales are estimated to grow 63.35% in year-over-year returns.
Riot Platforms Inc (RIOT) Top Institutional Holders
373.0 institutions hold shares in Riot Platforms Inc (RIOT), with institutional investors hold 44.10% of the company’s shares. The shares outstanding are 332.33M, and float is at 305.47M with Short Float at 15.25%. Institutions hold 40.88% 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
#####
Riot Platforms Inc disclosed in a document filed with the SEC on Sep 16 ’24 that D’Ambrosio Lance Varro (Director) sold a total of 25,000 shares of the company’s common stock. The trade occurred on Sep 16 ’24 and was made at $7.00 per share for $0.18 million. Following the transaction, the insider now directly holds 44441.0 shares of the RIOT stock.
Still, SEC filings show that on Sep 16 ’24, D’Ambrosio Lance Varro (Director) Proposed Sale 25,000 shares at an average price of $6.96 for $0.17 million. The insider now directly holds shares of Riot Platforms Inc (RIOT).
