Do Riot Platforms Inc (NASDAQ: RIOT) Fit In A Value Investing Philosophy?

Currently, there are 230.84M common shares owned by the public and among those 227.91M shares have been available to trade.

The company’s stock has a 5-day price change of 2.17% and -34.26% over the past three months. RIOT shares are trading -20.88% year to date (YTD), with the 12-month market performance up to 50.92% higher. It has a 12-month low price of $7.66 and touched a high of $20.65 over the same period. RIOT has an average intraday trading volume of 28.09 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.57%, -4.05%, and -4.53% respectively.

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Institutional ownership of Riot Platforms Inc (NASDAQ: RIOT) shares accounts for 40.94% of the company’s 230.84M shares outstanding.

It has a market capitalization of $3.10B and a beta (3y monthly) value of 4.25. The earnings-per-share (ttm) stands at -$0.41. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.50% over the week and 8.46% over the month.

Analysts forecast that Riot Platforms Inc (RIOT) will achieve an EPS of -$0.14 for the current quarter, -$0.15 for the next quarter and $0.44 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.31 while analysts give the company a high EPS estimate of $0.25. Comparatively, EPS for the current quarter was -$0.33 a year ago. Earnings per share for the fiscal year are expected to decrease by -116.05%, and 95.15% over the next financial year. EPS should shrink at an annualized rate of 20.00% over the next five years, compared to 42.06% over the past 5-year period.

Looking at the support for the RIOT, a number of firms have released research notes about the stock. JP Morgan stated their Neutral rating for the stock in a research note on December 08, 2023, with the firm’s price target at $8-$12. Bernstein coverage for the Riot Platforms Inc (RIOT) stock in a research note released on October 31, 2023 offered a Outperform rating with a price target of $15.60. JP Morgan was of a view on October 11, 2023 that the stock is Underweight, while Needham gave the stock Buy rating on February 21, 2023, issuing a price target of $9. H.C. Wainwright on their part issued Buy rating on November 23, 2022.

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