The price of Riot Platforms Inc (NASDAQ:RIOT) shares last traded on Wall Street fell -4.08% to $8.94.
RIOT stock price is now -24.36% away from the 50-day moving average and -12.29% away from the 200-day moving average. The market capitalization of the company currently stands at $3.07B.
On December 17, 2024, Piper Sandler recently initiated its ‘Overweight’ rating on the stock quoting a target price of $23, while ‘Macquarie’ rates the stock as ‘Outperform’
In other news, Les Jason, CHIEF EXECUTIVE OFFICER sold 50,000 shares of the company’s stock on Dec 10 ’24. The stock was sold for $567,000 at an average price of $11.34. Upon completion of the transaction, the CHIEF EXECUTIVE OFFICER now directly owns 1,019,911 shares in the company, valued at $9.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 10 ’24, CEO Jason Les bought 150,000 shares of the business’s stock. A total of $1,681,500 was incurred on buying the stock at an average price of $11.21. A total of 7.09% 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 $18.36. 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.
The net profit margin was 29.05% 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.
