In yesterday’s Wall Street session, Riot Platforms Inc. (NASDAQ:RIOT) shares traded at $11.07, down -3.99% from the previous session.
10 analysts cover Riot Platforms Inc. (NASDAQ:RIOT), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $16.00 and a low of $6.00, we find $12.00. Given the previous closing price of $11.53, this indicates a potential upside of 4.08 percent. RIOT stock price is now 10.61% away from the 50-day moving average and 56.80% away from the 200-day moving average. The market capitalization of the company currently stands at $1.94B.
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The stock has received a hold rating from 1 analysts and a buy rating from 9. Brokers who have rated the stock have averaged $12.01 as their price target over the next twelve months.
With the price target of $9, Needham recently initiated with Buy rating for Riot Platforms Inc. (NASDAQ: RIOT)., while ‘Wells Fargo’ rates the stock as ‘Equal Weight’.
In other news, D’Ambrosio Lance Varro, Director sold 26,000 shares of the company’s stock on Apr 17. The stock was sold for $325,260 at an average price of $12.51. Upon completion of the transaction, the Director now directly owns 43,441 shares in the company, valued at $0.48 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 17, Director D’Ambrosio Lance Varro sold 26,000 shares of the business’s stock. A total of $166,101 was realized by selling the stock at an average price of $6.39. This leaves the insider owning 69,441 shares of the company worth $0.77 million. Insiders disposed of 1,400,814 shares of company stock worth roughly $15.51 million over the past 1 year. A total of 6.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RIOT stock. A new stake in Riot Platforms Inc. shares was purchased by MARSHALL WACE, LLP during the first quarter worth $22,453,000. PECONIC PARTNERS LLC invested $16,605,000 in shares of RIOT during the first quarter. In the first quarter, NEPSIS INC. acquired a new stake in Riot Platforms Inc. valued at approximately $16,195,000. TUDOR INVESTMENT CORP ET AL acquired a new stake in RIOT for approximately $3,957,000. SASSICAIA CAPITAL ADVISERS LLC purchased a new stake in RIOT valued at around $1,856,000 in the second quarter. In total, there are 316 active investors with 36.10% ownership of the company’s stock.
On Thursday morning Riot Platforms Inc. (NASDAQ: RIOT) stock kicked off with the opening price of $11.29. During the past 12 months, Riot Platforms Inc. has had a low of $3.25 and a high of $14.43. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 3.30, and a quick ratio of 3.30. The fifty day moving average price for RIOT is $10.10 and a two-hundred day moving average price translates $7.08 for the stock.
The latest earnings results from Riot Platforms Inc. (NASDAQ: RIOT) was released for Mar, 2023. According to the Capital Markets Company, earnings per share came in at -$0.33, missing analysts’ expectations of -$0.17 by -0.16. This compares to $0.31 EPS in the same period last year. The company reported revenue of $73.24 million for the quarter, compared to $79.79 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.21 percent. For the current quarter, analysts expect RIOT to generate $87.65M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/18/2017. Investors who held shares on 10/13/2017 were paid a $1.00 dividend.
Riot Platforms Inc.(RIOT) Company Profile
Riot Platforms, Inc., together with its subsidiaries, operates as a bitcoin mining company in North America. It operates through Bitcoin Mining, Data Center Hosting, and Engineering segments. The company also provides co-location services for institutional-scale bitcoin mining companies; and critical infrastructure and workforce for institutional-scale miners to deploy and operate their miners. In addition, it engages in the design and manufacturing of power distribution equipment and custom engineered electrical products; electricity distribution product design, manufacture, and installation services primarily focused on large-scale commercial and governmental customers, as well as a range of markets, including data center, power generation, utility, water, industrial, and alternative energy; operation of data centers; and maintenance/management of computing capacity. The company was formerly known as Riot Blockchain, Inc. Riot Platforms, Inc. was incorporated in 1998 and is based in Castle Rock, Colorado.
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