Riot Platforms Inc. (NASDAQ:RIOT) saw a downside of -3.07% to close Monday at $10.73 after subtracting -$0.34 on the day. The 5-day average trading volume is 19,448,820 shares of the company’s common stock. It has gained $14.85 in the past week and touched a new high 1 time within the past 5 days. An average of 18,565,770 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 22,947,096.
RIOT’s 1-month performance is -41.62% or -$7.65 on its low of $10.55 reached on 08/21/23. The company’s shares have touched a 52-week low of $3.25 and high of $20.65, with the stock’s rally to the 52-week high happening on 07/14/23. YTD, RIOT has achieved 216.52% or $7.34 and has reached a new high 33 times. However, the current price is down -48.04% from the 52-week high price.
Insider Transactions
RIOT stock investors last saw insider trading activity on Aug 17.Marleau Hubert (Director) most recently sold 51,165 shares at $12.28 per share on Aug 17. This transaction cost the insider $628,306. Director, D’Ambrosio Lance Varro, sold 26,000 shares at a price of $19.16 on Jul 17. Then, on Jun 02, EXECUTIVE CHAIRMAN Yi Soo il Benjamin sold 485,884 shares at a price of $11.78 per share. This transaction amounted to $5,724,383.
Valuation Metrics
RIOT stock has a beta of 4.35. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 8.20 while the price-to-book (PB) in the most recent quarter is 1.45.
Riot Platforms Inc.’s quick ratio for the period ended June 29 was 6.50, with the current ratio over the same period at 6.50. In terms of profitability, the gross margin trailing 12 months is 11.50%. The trailing 12-month EBITDA margin is 3.94%. The firm’s gross profit as reported stood at $65.47 million against revenue of $259.17 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected RIOT to announce -$0.21 per share in earnings in its latest quarter, but it posted -$0.17, representing a 19.00% surprise. EBITDA for the quarter stood at more than $33.07 million. RIOT stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 118.02 million, with total debt at $22.75 million. Shareholders hold equity totaling $185.31 million.
Let’s look briefly at Riot Platforms Inc. (RIOT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 15.85% to suggest the stock is trending oversold, with historical volatility in this time period at 47.69%.
The stock’s 5-day moving average is $12.06, reflecting a -26.81% or -$3.93 change from its current price. RIOT is currently trading -38.44% above its 20-day SMA, +32.31% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +1.71% and SMA200 by+66.36%.
Stochastic %K and %D was 1.38% and 1.46% and the average true range (ATR) pointed at 1.13. The RSI (14) points at 25.58%, while the 14-day stochastic is at 2.08% with the period’s ATR at 1.19. The stock’s 9-day MACD Oscillator is pointing at -2.33 and -3.68 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Riot Platforms Inc. (NASDAQ: RIOT), Needham launched coverage with a Buy rating. Analysts offering their rating for RIOT stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate RIOT as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 10 have offered a “buy” rating.
What is RIOT’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $13.25 and a high of $23.00, with their median price target at $19.00. Looking at these predictions, the average price target given by analysts is for Riot Platforms Inc. (RIOT) stock is $19.08.
