In yesterday’s Wall Street session, Riot Platforms Inc (NASDAQ:RIOT) shares traded at $10.50, down -4.46% from the previous session.
RIOT stock price is now -9.66% away from the 50-day moving average and 5.24% away from the 200-day moving average. The market capitalization of the company currently stands at $3.44B.
With the price target of $23, Piper Sandler recently initiated with Overweight rating for Riot Platforms Inc (NASDAQ: RIOT). On September 25, 2024, Macquarie recently initiated its ‘Outperform’ rating on the stock quoting a target price of $15, while ‘Needham’ rates the stock as ‘Buy’
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 $10.71 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 7.36% 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 $18.37. 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 $2974673152, which is based on a 35.96 price-to-earnings ratio, a 1.80 price-to-earnings-growth ratio, and a beta of 4.20. The fifty day moving average price for RIOT is $11.5967 and a two-hundred day moving average price translates $9.979575 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.
