Riot Platforms Inc (NASDAQ:RIOT) shares traded -1.47% lower at $11.43 on Wall Street last session.
RIOT stock price is now -13.00% away from the 50-day moving average and -10.64% away from the 200-day moving average. The market capitalization of the company currently stands at $2.90B.
With the price target enhanced from $8 to $12, JP Morgan Upgraded its rating from Underweight to Neutral for Riot Platforms Inc (NASDAQ: RIOT). On October 31, 2023, Bernstein recently initiated its ‘Outperform’ rating on the stock quoting a target price of $15.60, while ‘JP Morgan’ rates the stock as ‘Underweight’
In other news, Cho Hannah, Director sold 15,000 shares of the company’s stock on Feb 28 ’24. The stock was sold for $261,300 at an average price of $17.42. Upon completion of the transaction, the Director now directly owns 85,151 shares in the company, valued at $0.97 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 08 ’23, EVP, GENERAL COUNSEL Jackman William Richard sold 57,000 shares of the business’s stock. A total of $893,669 was realized by selling the stock at an average price of $15.68. This leaves the insider owning 947,557 shares of the company worth $10.83 million. A total of 10.13% of the company’s stock is owned by insiders.
During the past 12 months, Riot Platforms Inc has had a low of $6.62 and a high of $20.65. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 8.33, and a quick ratio of 8.33. The fifty day moving average price for RIOT is $13.05 and a two-hundred day moving average price translates $12.79 for the stock.
The latest earnings results from Riot Platforms Inc (NASDAQ: RIOT) was released for Dec, 2023. According to the Capital Markets Company, earnings per share came in at $0.45, beating analysts’ expectations of -$0.28 by 0.73. This compares to -$1.05 EPS in the same period last year. The net profit margin was -17.63% and return on equity was -3.26% for RIOT. The company reported revenue of $78.81 million for the quarter, compared to $60.15 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.03 percent. For the current quarter, analysts expect RIOT to generate $99.84M in revenue.
