Currently, there are 324.28M common shares owned by the public and among those 307.86M shares have been available to trade.
The company’s stock has a 5-day price change of -11.09% and 57.57% over the past three months. RIOT shares are trading -25.34% year to date (YTD), with the 12-month market performance down to -29.79% 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 30.34 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 -5.76%, 1.35%, and 15.59% respectively.
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Institutional ownership of Riot Platforms Inc (NASDAQ: RIOT) shares accounts for 40.38% of the company’s 324.28M shares outstanding.
It has a market capitalization of $3.96B and a beta (3y monthly) value of 4.20. The stock’s trailing 12-month PE ratio is 39.55, while the earnings-per-share (ttm) stands at $0.29. The company has a PEG of 1.98 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 12.14% over the week and 10.58% over the month.
Earnings per share for the fiscal year are expected to decrease by -4.43%, and -56.43% 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. Piper Sandler stated their Overweight rating for the stock in a research note on December 17, 2024, with the firm’s price target at $23. Macquarie coverage for the Riot Platforms Inc (RIOT) stock in a research note released on September 25, 2024 offered a Outperform rating with a price target of $15. Needham was of a view on July 24, 2024 that the stock is Buy, while JP Morgan gave the stock Neutral rating on December 08, 2023, issuing a price target of $8- $12. Bernstein on their part issued Outperform rating on October 31, 2023.
