The stock of Riot Platforms Inc. (NASDAQ:RIOT) last traded at $10.55, up 1.15% from the previous session.
Data from the available sources indicates that Riot Platforms Inc. (NASDAQ:RIOT) is covered by 10 analysts. 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 $12.50. Given the previous closing price of $10.43, this indicates a potential upside of 19.85 percent. RIOT stock price is now -5.04% away from the 50-day moving average and 45.47% away from the 200-day moving average. The market capitalization of the company currently stands at $1.96B.
In total, 1 analysts have assigned it a hold rating, and 9 have given it a buy rating. Brokers who have rated the stock have averaged $12.28 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).
In other news, Yi Soo il Benjamin, EXECUTIVE CHAIRMAN sold 485,884 shares of the company’s stock on Jun 02. The stock was sold for $5,724,383 at an average price of $11.78. Upon completion of the transaction, the EXECUTIVE CHAIRMAN now directly owns 2,830,884 shares in the company, valued at $29.87 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 02, EVP, GENERAL COUNSEL Jackman William Richard sold 371,471 shares of the business’s stock. A total of $4,505,943 was realized by selling the stock at an average price of $12.13. This leaves the insider owning 634,918 shares of the company worth $6.7 million. Insiders disposed of 1,400,814 shares of company stock worth roughly $14.78 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 $21,398,000. PECONIC PARTNERS LLC invested $15,825,000 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 $15,434,000. CTC LLC acquired a new stake in RIOT for approximately $5,926,000. TUDOR INVESTMENT CORP ET AL purchased a new stake in RIOT valued at around $3,771,000 in the second quarter. In total, there are 316 active investors with 36.10% ownership of the company’s stock.
With an opening price of $10.44 on Thursday morning, Riot Platforms Inc. (NASDAQ: RIOT) set off the trading day. 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 $11.16 and a two-hundred day moving average price translates $7.27 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 $87.78M 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.