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Riot Platforms (RIOT)
NASDAQ:RIOT
Riot Platforms (RIOT) Stock Price & Analysis
8,147 Followers
RIOT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$7.80 - $20.65
Previous Close$10
Volume23.29M
Average Volume (3M)22.72M
Market Cap
$2.89B
Enterprise Value$2.31B
Total Cash (Recent Filing)$597.17M
Total Debt (Recent Filing)$21.34M
Price to Earnings (P/E)13.6
Beta2.87
Next Earnings
Aug 19, 2024EPS Estimate
-$0.12Last Dividend Ex-Date
Oct 12, 2017Dividend YieldN/A
Share Statistics
EPS (TTM)0.73
Shares Outstanding288,784,946
10 Day Avg. Volume18,052,945
30 Day Avg. Volume22,722,086
Standard Deviation0.42
R-Squared0.29
Alpha0.03
Financial Highlights & Ratios
Price to Book (P/B)1.59
Price to Sales (P/S)36.64
Price to Cash Flow (P/CF)16.60
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue9.11
Enterprise Value/Gross Profit87.76
Enterprise Value/Ebitda-13.78
Forecast
1Y Price Target
$18.43Price Target Upside83.38% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
Riot Platforms News
Bulls Say, Bears Say
Bulls Say
AcquisitionRiot Platforms' proposal to acquire Bitfarms could create a major player in the industry, offering a vertically integrated mining operator with significant power and mining capacity.
Expansion StrategyRiot's ambitious expansion plans, aiming to become the largest publicly traded miner with an estimated hash rate of 52 EH/s, underscore the company's commitment to scaling its operations effectively.
Financial HealthAnalyst highlights Riot's strong financial position, with a robust balance sheet featuring over $700M in cash and 8,872 unencumbered BTC, signaling confidence in the company's ability to sustain growth.
Bears Say
Acquisition ConcernsBitfarm's Board swiftly rejected Riot's proposal to acquire the company, and the premium is not high enough to compel Bitfarm shareholders to agree to the deal, indicating potential resistance to future acquisition attempts.
Financial PerformanceEarnings missed on top-line and adjusted EBITDA was only in-line excluding Bitcoin gains, with coins mined declining significantly and mining costs increasing, leading to a lower mining margin.
Operational ChallengesThe average operational hash rate suggests higher downtime than expected, likely due to issues with XP miners, resulting in ~17% fewer BTC mined than anticipated.
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Ownership Overview
15.61% Insiders
10.44% Mutual Funds
22.85% Other Institutional Investors
51.10% 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 $7.80 and its highest was $20.65 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 Aug 19, 2024 which is in 81 days.
How were Riot Platforms’s earnings last quarter?
Riot Platforms released its earnings results on May 01, 2024. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of -$0.198 by $1.018.
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 -$0.12.
How many shares outstanding does Riot Platforms have?
Riot Platforms has 288,784,940 shares outstanding.
What happened to Riot Platforms’s price movement after its last earnings report?
Riot Platforms reported an EPS of $0.82 in its last earnings report, beating expectations of -$0.198. Following the earnings report the stock price went down -2.868%.
Which hedge fund is a major shareholder of Riot Platforms?
Among the largest hedge funds holding Riot Platforms’s share is EntryPoint Capital, LLC. It holds Riot Platforms’s shares valued at 366K.
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Riot Platforms Stock Smart Score
Neutral
1
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3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$18.43 (83.38% Upside)
$18.43 (83.38% Upside)
Blogger Sentiment
Bullish
RIOT Sentiment 93%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 135.7K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $651.5K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▼ 0.5%
Last 30 Days ▼ 0.7%
Last 30 Days ▼ 0.7%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-8.42%
12-Months-Change
Fundamentals
Return on Equity
12.22%
Trailing 12-Months
Asset Growth
108.85%
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 Earnings Call
Q1 2024
0:00 / 0:00
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RIOT Stock 12 Month Forecast
Average Price Target
$18.43
▲(83.38% Upside)
Technical Analysis
HIVE Blockchain Technologies
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Marathon Digital Holdings
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Bit Digital
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MGT Capital Investments
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Best Analysts Covering RIOT
1 Year
1 Year Success Rate
6/10 ratings generated profit
1 Year Average Return
+54.57%
reiterated a buy rating 3 months ago
Copying Josh Siegler's trades and holding each position for 1 Year would result in 60.00% of your transactions generating a profit, with an average return of +54.57% per trade.
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