The price of Riot Platforms Inc (NASDAQ:RIOT) shares last traded on Wall Street fell -5.50% to $9.79.
Based on available information, 12 analysts follow Riot Platforms Inc (NASDAQ:RIOT). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $22.00 and a low of $7.50, we find $17.00. Given the previous closing price of $10.36, this indicates a potential upside of 64.09 percent. RIOT stock price is now -2.18% away from the 50-day moving average and -9.68% away from the 200-day moving average. The market capitalization of the company currently stands at $2.02B.
Among analysts, 0 rate the stock a hold while 10 rate it a buy. Brokers who have rated the stock have averaged $16.65 as their price target over the next twelve months.
With the price target of $15.60, Bernstein recently initiated with Outperform rating for Riot Platforms Inc (NASDAQ: RIOT).
In other news, Marleau Hubert, Director sold 51,165 shares of the company’s stock on Aug 17. The stock was sold for $628,306 at an average price of $12.28. Upon completion of the transaction, the Director now directly owns 27,860 shares in the company, valued at $0.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 17, Director D’Ambrosio Lance Varro sold 26,000 shares of the business’s stock. A total of $498,160 was realized by selling the stock at an average price of $19.16. This leaves the insider owning 13,441 shares of the company worth $0.13 million. Insiders disposed of 3,457,096 shares of company stock worth roughly $33.84 million over the past 1 year. A total of 5.40% of the company’s stock is owned by insiders.
A candlestick chart of Riot Platforms Inc (NASDAQ: RIOT) showed a price of $10.12 on Monday morning. During the past 12 months, Riot Platforms Inc has had a low of $3.25 and a high of $20.65. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 7.22, and a quick ratio of 7.22. The fifty day moving average price for RIOT is $10.01 and a two-hundred day moving average price translates $10.84 for the stock.
The latest earnings results from Riot Platforms Inc (NASDAQ: RIOT) was released for Sep, 2023. The net profit margin was -108.57% and return on equity was -21.55% for RIOT. The company reported revenue of $51.89 million for the quarter, compared to $46.29 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.1 percent.