The stock of Riot Platforms Inc (NASDAQ:RIOT) last traded at $7.56, down -9.68% from the previous session.
RIOT stock price is now -32.53% away from the 50-day moving average and -25.39% away from the 200-day moving average. The market capitalization of the company currently stands at $2.65B.
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, Marleau Hubert, Director sold 61,000 shares of the company’s stock on Mar 03 ’25. The stock was sold for $584,380 at an average price of $9.58. Upon completion of the transaction, the Director now directly owns 5,000 shares in the company, valued at $37800.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 03 ’25, Director Marleau Hubert bought 61,000 shares of the business’s stock. A total of $584,197 was incurred on buying the stock at an average price of $9.58. A total of 7.10% 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 $15.87. As of last week, the company has a debt-to-equity ratio of 0.20, a current ratio of 3.74, and a quick ratio of 3.74.
The net profit margin was 29.05% and return on equity was 4.35% for RIOT. The company reported revenue of $142.56 million for the quarter, compared to $78.81 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 80.88 percent.
