Riot Platforms Inc (NASDAQ:RIOT) shares traded -5.84% lower at $7.90 on Wall Street last session.
RIOT stock price is now 2.00% away from the 50-day moving average and -17.92% away from the 200-day moving average. The market capitalization of the company currently stands at $2.82B.
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, Mouton Douglas, Director bought 8,384 shares of the company’s stock on Mar 17 ’25. The stock was bought for $64,892 at an average price of $7.74. Upon completion of the transaction, the Director now directly owns 20,384 shares in the company, valued at $0.16 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 14 ’25, Director Cho Hannah sold 12,000 shares of the business’s stock. A total of $92,400 was realized by selling the stock at an average price of $7.70. This leaves the insider owning 59,265 shares of the company worth $0.47 million. 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 $6.19 and a high of $15.87. As of last week, the company has a debt-to-equity ratio of 0.21, a current ratio of 3.23, and a quick ratio of 3.23.
The net profit margin was -86.92% and return on equity was -14.71% for RIOT. The company reported revenue of $161.39 million for the quarter, compared to $79.3 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 103.52 percent.
