Currently, there are 332.33M common shares owned by the public and among those 305.48M shares have been available to trade.
The company’s stock has a 5-day price change of 7.57% and 67.99% over the past three months. RIOT shares are trading -18.23% year to date (YTD), with the 12-month market performance down to -2.69% 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 23.88 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 5.03%, 26.66%, and 24.21% respectively.
Institutional ownership of Riot Platforms Inc (NASDAQ: RIOT) shares accounts for 40.16% of the company’s 332.33M shares outstanding.
It has a market capitalization of $4.30B and a beta (3y monthly) value of 4.14. The stock’s trailing 12-month PE ratio is 43.32, while the earnings-per-share (ttm) stands at $0.29. The company has a PEG of 2.17 and a Quick Ratio of 5.68 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 9.50% over the week and 10.26% over the month.
Earnings per share for the fiscal year are expected to increase by 27.86%, and -191.87% 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. Macquarie stated their Outperform rating for the stock in a research note on September 25, 2024, with the firm’s price target at $15. Needham coverage for the Riot Platforms Inc (RIOT) stock in a research note released on July 24, 2024 offered a Buy rating with a price target of $13. JP Morgan was of a view on December 08, 2023 that the stock is Neutral, while Bernstein gave the stock Outperform rating on October 31, 2023, issuing a price target of $15.60. JP Morgan on their part issued Underweight rating on October 11, 2023.
