In yesterday’s Wall Street session, Riot Platforms Inc (NASDAQ:RIOT) shares traded at $12.10, down -4.35% from the previous session.
RIOT stock price is now 19.99% away from the 50-day moving average and 19.08% away from the 200-day moving average. The market capitalization of the company currently stands at $4.11B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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 $3506393856, which is based on a 41.44 price-to-earnings ratio, a 2.07 price-to-earnings-growth ratio, and a beta of 4.15. The fifty day moving average price for RIOT is $9.9857 and a two-hundred day moving average price translates $10.183675 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.
