Riot Platforms Inc (NASDAQ: RIOT) is -25.34% 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 $11.19 in the last trading session, with the day’s gains setting it 0.36%.
Currently trading at $11.55, the stock is -5.76% and 1.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 33.44 million and changing 3.22% at the moment leaves the stock 15.59% off its SMA200. RIOT registered -29.79% loss for a year compared to 6-month gain of 25.41%. The firm has a 50-day simple moving average (SMA 50) of $11.3965 and a 200-day simple moving average (SMA200) of $9.991925.
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The stock witnessed a -4.94% loss in the last 1 month and extending the period to 3 months gives it a 57.57%, and is -11.09% 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 12.14% over the week and 10.58% over the month.
Riot Platforms Inc (RIOT) has around 534 employees, a market worth around $3.96B and $312.91M in sales. Current P/E ratio is 39.55. Profit margin for the company is 16.68%. Distance from 52-week low is 81.75% and -38.40% from its 52-week high. The company has generated returns on investments over the last 12 months (1.88%).
with sales reaching $132.84M over the same period.The EPS is expected to shrink by -4.43% this year, but quarterly earnings will post 30.96% year-over-year. Quarterly sales are estimated to grow 68.55% in year-over-year returns.
Riot Platforms Inc (RIOT) Top Institutional Holders
375.0 institutions hold shares in Riot Platforms Inc (RIOT), with institutional investors hold 42.86% of the company’s shares. The shares outstanding are 324.28M, and float is at 307.86M with Short Float at 14.32%. Institutions hold 39.84% 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 Les Jason, the company’s CHIEF EXECUTIVE OFFICER. SEC filings show that Les Jason sold 50,000 shares of the company’s common stock on Dec 10 ’24 at a price of $11.34 per share for a total of $0.57 million. Following the sale, the insider now owns 1.02 million shares.
Still, SEC filings show that on Nov 18 ’24, Cho Hannah (Director) disposed off 10,025 shares at an average price of $12.57 for $0.13 million. The insider now directly holds 71,265 shares of Riot Platforms Inc (RIOT).
