Riot Platforms Inc (NASDAQ:RIOT) shares traded 6.90% higher at $9.14 on Wall Street last session.
RIOT stock price is now 16.98% away from the 50-day moving average and -3.89% away from the 200-day moving average. The market capitalization of the company currently stands at $3.27B.
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, Riot Platforms, Inc., 10% Owner bought 90,110,912 shares of the company’s stock on May 27 ’25. The stock was bought for $97,319,785 at an average price of $1.08. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 17 ’25, Director Mouton Douglas bought 8,384 shares of the business’s stock. A total of $64,892 was incurred on buying the stock at an average price of $7.74. This leaves the insider owning 20,384 shares of the company worth $0.19 million. A total of 7.08% 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. For the current quarter, analysts expect RIOT to generate $146.12M in revenue.
