The price of Riot Platforms Inc (NASDAQ:RIOT) shares last traded on Wall Street fell -13.44% to $11.21.
RIOT stock price is now 6.18% away from the 50-day moving average and 11.23% away from the 200-day moving average. The market capitalization of the company currently stands at $3.92B.
With the price target of $15, Macquarie recently initiated with Outperform rating for Riot Platforms Inc (NASDAQ: RIOT). On July 24, 2024, Needham reiterated its ‘Buy’ rating on the stock by increasing its target price from $15 to quote $13, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, Cho Hannah, Director sold 10,025 shares of the company’s stock on Nov 18 ’24. The stock was sold for $126,023 at an average price of $12.57. Upon completion of the transaction, the Director now directly owns 71,265 shares in the company, valued at $0.8 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 14 ’24, Officer Cho Hannah bought 10,025 shares of the business’s stock. A total of $127,418 was incurred on buying the stock at an average price of $12.71. A total of 8.08% of the company’s stock is owned by insiders.
During the past 12 months, Riot Platforms Inc has had a low of $6.36 and a high of $18.75. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 5.68, and a quick ratio of 5.68. According to the stock market information, the enterprise value for the company is $3210624256, which is based on a 38.39 price-to-earnings ratio, a 1.92 price-to-earnings-growth ratio, and a beta of 4.18. The fifty day moving average price for RIOT is $10.4897 and a two-hundred day moving average price translates $10.096725 for the stock.
The latest earnings results from Riot Platforms Inc (NASDAQ: RIOT) was released for 2024-09-30. The net profit margin was 16.68% and return on equity was 2.55% for RIOT. The company reported revenue of $84.79 million for the quarter, compared to $51.89 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 63.39 percent.
