Stocks of Riot Platforms Inc (NASDAQ:RIOT) traded higher last session on Wall Street, down -3.33% to $6.96.
RIOT stock price is now -21.59% away from the 50-day moving average and -38.38% away from the 200-day moving average. The market capitalization of the company currently stands at $2.11B.
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With the price target reduced from $15 to $13, Needham maintained Buy rating for Riot Platforms Inc (NASDAQ: RIOT). On December 08, 2023, JP Morgan Upgraded its previous ‘Underweight’ rating to ‘Neutral’ on the stock increasing its target price from $8 to quote $12, while ‘Bernstein’ rates the stock as ‘Outperform’
In other news, D’Ambrosio Lance Varro, Director bought 25,000 shares of the company’s stock on Sep 16 ’24. The stock was bought for $174,025 at an average price of $6.96. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 14 ’24, Director Marleau Hubert sold 17,861 shares of the business’s stock. A total of $137,530 was realized by selling the stock at an average price of $7.70. This leaves the insider owning 66,000 shares of the company worth $0.46 million. A total of 8.07% 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 $18.75. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 7.65, and a quick ratio of 7.65. According to the stock market information, the enterprise value for the company is $1497436544, which is based on a 11.98 price-to-earnings ratio, a 0.60 price-to-earnings-growth ratio, and a beta of 4.12. The fifty day moving average price for RIOT is $8.8233 and a two-hundred day moving average price translates $11.265575 for the stock.
The latest earnings results from Riot Platforms Inc (NASDAQ: RIOT) was released for 2024-06-30. The net profit margin was 57.58% and return on equity was 8.43% for RIOT. The company reported revenue of $70.02 million for the quarter, compared to $76.74 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.76 percent.
