In yesterday’s Wall Street session, Riot Platforms Inc (NASDAQ:RIOT) shares traded at $12.06, down -2.03% from the previous session.
RIOT stock price is now 24.44% away from the 50-day moving average and 17.69% away from the 200-day moving average. The market capitalization of the company currently stands at $4.20B.
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With the price target of $15, Macquarie recently initiated with Outperform rating for Riot Platforms Inc (NASDAQ: RIOT). On July 24, 2024, Needham reiterated its ‘Buy’ rating on the stock by increasing its target price from $15 to quote $13, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, Cho Hannah, Director sold 10,025 shares of the company’s stock on Nov 18 ’24. The stock was sold for $126,023 at an average price of $12.57. Upon completion of the transaction, the Director now directly owns 71,265 shares in the company, valued at $0.86 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 14 ’24, Officer Cho Hannah bought 10,025 shares of the business’s stock. A total of $127,418 was incurred on buying the stock at an average price of $12.71. A total of 8.08% 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 5.68, and a quick ratio of 5.68. According to the stock market information, the enterprise value for the company is $3493101056, which is based on a 41.30 price-to-earnings ratio, a 2.07 price-to-earnings-growth ratio, and a beta of 4.14. The fifty day moving average price for RIOT is $9.5897 and a two-hundred day moving average price translates $10.260075 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.
