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Riot Platforms (RIOT)
NASDAQ:RIOT
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RIOT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$6.36 - $18.75
Previous Close$12.31
Volume31.25M
Average Volume (3M)23.08M
Market Cap
$4.09B
Enterprise Value$3.58B
Total Cash (Recent Filing)$545.84M
Total Debt (Recent Filing)$31.10M
Price to Earnings (P/E)42.2
Beta3.54
Next Earnings
Mar 12, 2025EPS Estimate
-$0.11Last Dividend Ex-Date
Oct 12, 2017Dividend YieldN/A
Share Statistics
EPS (TTM)0.29
Shares Outstanding332,325,535
10 Day Avg. Volume38,022,845
30 Day Avg. Volume23,078,985
Standard Deviation0.41
R-Squared0.27
Alpha0.05
Financial Highlights & Ratios
Price to Book (P/B)1.47
Price to Sales (P/S)13.03
Price to Cash Flow (P/CF)-18.10
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue11.43
Enterprise Value/Gross Profit135.74
Enterprise Value/Ebitda-19.59
Forecast
1Y Price Target
$17.11Price Target Upside38.99% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering11
Riot Platforms News
Bulls Say, Bears Say
Bulls Say
Operational Efficiency And Market PositionThe average operating hash rate expanded significantly, contributing to increased BTC production and capturing greater market share, with a 23% increase in BTC mined and improved fleet uptime enhancing stability.
Strategic Expansion And AI OpportunitiesRiot Platforms expanded its BTC balance to fund future expansions in Corsicana and Kentucky, while remaining open to AI opportunities, marking a strategic pivot from its prior focus solely on bitcoin mining, which could represent upside potential.
Valuation And Investment AppealRiot's trading metrics suggest it is undervalued compared to the market average, enhancing its appeal as an investment, with a valuation target price increased from $15 to $17.50 due to bitcoin price and potential for AI suitability at Corsicana.
Bears Say
Financial PerformanceThird quarter revenues of $84.8 million missed expectations, with self-mining revenues lagging behind projections and resulting in an EBITDA loss.
Market PerceptionThis suggests the market is ascribing little to no value to RIOT’s mining (or potential HPC) operation, which is third largest among U.S.-listed miners.
Operational ChallengesRiot reported mixed 3Q24 results and lowered its hash rate outlook for both 2024 and 2025, which should put pressure on shares.
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Ownership Overview
7.35% Insiders
13.28% Mutual Funds
1.08% Other Institutional Investors
59.04% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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RIOT FAQ
What was Riot Platforms’s price range in the past 12 months?
Riot Platforms lowest stock price was $6.36 and its highest was $18.75 in the past 12 months.
What is Riot Platforms’s market cap?
Currently, no data Available
When is Riot Platforms’s upcoming earnings report date?
Riot Platforms’s upcoming earnings report date is Mar 12, 2025 which is in 107 days.
How were Riot Platforms’s earnings last quarter?
Riot Platforms released its earnings results on Oct 30, 2024. The company reported -$0.54 earnings per share for the quarter, missing the consensus estimate of -$0.18 by -$0.36.
Is Riot Platforms overvalued?
According to Wall Street analysts Riot Platforms’s price is currently Undervalued.
Does Riot Platforms pay dividends?
Riot Platforms pays a Notavailable dividend of $1 which represents an annual dividend yield of N/A. See more information on Riot Platforms dividends here
What is Riot Platforms’s EPS estimate?
Riot Platforms’s EPS estimate is -$0.11.
How many shares outstanding does Riot Platforms have?
Riot Platforms has 332,325,530 shares outstanding.
What happened to Riot Platforms’s price movement after its last earnings report?
Riot Platforms reported an EPS of -$0.54 in its last earnings report, missing expectations of -$0.18. Following the earnings report the stock price went down -11.832%.
Which hedge fund is a major shareholder of Riot Platforms?
Among the largest hedge funds holding Riot Platforms’s share is Graham Capital Management, L.P.. It holds Riot Platforms’s shares valued at 799K.
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Riot Platforms Stock Smart Score
Unlock Smart Score
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10
Analyst Consensus
Strong Buy
Average Price Target:
$17.11 (38.99% Upside)
$17.11 (38.99% Upside)
Blogger Sentiment
Bullish
RIOT Sentiment 80%
Sector Average 64%
Sector Average 64%
Hedge Fund Trend
Increased
By 166.4K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $301.0K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▲ 0.4%
Last 30 Days ▲ 2.9%
Last 30 Days ▲ 2.9%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
6.12%
12-Months-Change
Fundamentals
Return on Equity
2.55%
Trailing 12-Months
Asset Growth
100.79%
Trailing 12-Months
Company Description
Riot Platforms
Riot Blockchain Inc is focused on building, supporting and operating blockchain technologies. Distributed blockchain technology is a decentralized and encrypted ledger that is designed to offer a secure, efficient, verifiable and permanent way of storing records and other information without the need for intermediaries. It serves as a medium of exchange, store of value or unit of account. The company's portfolio consists of Verady, Tesspay, Coinsquare, and others.
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RIOT Company Deck
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RIOT Earnings Call
Q3 2024
0:00 / 0:00
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RIOT Stock 12 Month Forecast
Average Price Target
$17.11
▲(38.99% Upside)
Technical Analysis
HIVE Digital Technologies
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Marathon Digital Holdings
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Bit Digital
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Argo Blockchain
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Best Analysts Covering RIOT
1 Year
1 Year Success Rate
7/10 ratings generated profit
1 Year Average Return
+3.76%
reiterated a buy rating 2 months ago
Copying Reginald Smith's trades and holding each position for 1 Year would result in 70.00% of your transactions generating a profit, with an average return of +3.76% per trade.
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