Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Calendars
Economic Indicators
Calculators
Education
About Us
Working with TipRanks
Follow Us
Riot Platforms (RIOT)
NASDAQ:RIOT
Riot Platforms (RIOT) Stock Price & Analysis
8,619 Followers
RIOT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$7.80 - $19.20
Previous Close$12.03
Volume26.98M
Average Volume (3M)24.44M
Market Cap
$3.47B
Enterprise Value$2.90B
Total Cash (Recent Filing)$597.17M
Total Debt (Recent Filing)$21.34M
Price to Earnings (P/E)16.4
Beta2.89
Next Earnings
Aug 19, 2024EPS Estimate
-$0.16Last Dividend Ex-Date
Oct 12, 2017Dividend YieldN/A
Share Statistics
EPS (TTM)0.73
Shares Outstanding288,784,946
10 Day Avg. Volume22,349,156
30 Day Avg. Volume24,436,307
Standard Deviation0.41
R-Squared0.27
Alpha0.03
Financial Highlights & Ratios
Price to Book (P/B)1.48
Price to Sales (P/S)34.99
Price to Cash Flow (P/CF)15.30
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue11.42
Enterprise Value/Gross Profit110.01
Enterprise Value/Ebitda-17.28
Forecast
1Y Price Target
$17.50Price Target Upside45.47% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
Riot Platforms News
Bulls Say, Bears Say
Bulls Say
Expansion PlansRIOT remains on track to reach approximately 31 EH/s by year-end, showcasing strong growth potential.
Financial ResourcesRiot has the resources to execute the transaction with over $700M in cash and 8,872 unencumbered BTC, indicating strong financial stability.
Strategic AcquisitionsRIOT's proposed acquisition of Bitfarms would make it the largest publicly traded miner by hash rate, enhancing its market position.
Bears Say
Financial PerformanceEngineering and Hosting revenue came in quite a bit lighter than the Street expected and G&A expenses were higher.
Governance And Operational IssuesBITF has faced governance issues and higher mining costs, and there are risks associated with Latin and South American operations.
Share PerformanceShares have declined 46%, owing to the company’s poor uptime and lackluster hashrate growth over the past six months.
---
Ownership Overview
17.02% Insiders
11.15% Mutual Funds
20.03% Other Institutional Investors
51.80% 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.
---
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 $19.20 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 28 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 -$0.16.
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.
---
Riot Platforms Stock Smart Score
Unlock Smart Score
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$17.50 (45.47% Upside)
$17.50 (45.47% Upside)
Blogger Sentiment
Bullish
RIOT Sentiment 94%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 135.7K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Neutral
Last 7 Days ▼ 0.5%
Last 30 Days ▲ 0.5%
Last 30 Days ▲ 0.5%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-36.45%
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.
---
RIOT Earnings Call
Q1 2024
0:00 / 0:00
---
RIOT Stock 12 Month Forecast
Average Price Target
$17.50
▲(45.47% Upside)
Technical Analysis
HIVE Blockchain Technologies
―
Marathon Digital Holdings
―
Bit Digital
―
MGT Capital Investments
―
Best Analysts Covering RIOT
1 Year
1 Year Success Rate
6/10 ratings generated profit
1 Year Average Return
+20.05%
reiterated a buy rating 3 months ago
Copying John Todaro'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 +20.05% per trade.
---