Currently, there are 303.52M common shares owned by the public and among those 279.06M shares have been available to trade.
The company’s stock has a 5-day price change of -0.14% and -24.71% over the past three months. RIOT shares are trading -53.52% year to date (YTD), with the 12-month market performance down to -28.24% lower. It has a 12-month low price of $6.36 and touched a high of $18.75 over the same period. RIOT has an average intraday trading volume of 19.83 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 -1.63%, -17.35%, and -35.67% respectively.
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Institutional ownership of Riot Platforms Inc (NASDAQ: RIOT) shares accounts for 43.82% of the company’s 303.52M shares outstanding.
It has a market capitalization of $2.18B and a beta (3y monthly) value of 4.11. The stock’s trailing 12-month PE ratio is 12.38, while the earnings-per-share (ttm) stands at $0.58. The company has a PEG of 0.62 and a Quick Ratio of 7.65 with the debt-to-equity ratio at 0.01. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.44% over the week and 5.93% over the month.
Earnings per share for the fiscal year are expected to increase by 135.45%, and -293.97% 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. Needham stated their Buy rating for the stock in a research note on July 24, 2024, with the firm’s price target at $15-$13. JP Morgan coverage for the Riot Platforms Inc (RIOT) stock in a research note released on December 08, 2023 offered a Neutral rating with a price target of $12. Bernstein was of a view on October 31, 2023 that the stock is Outperform, while JP Morgan gave the stock Underweight rating on October 11, 2023, issuing a price target of $6.50. Needham on their part issued Buy rating on February 21, 2023.
