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Riot Platforms (RIOT)
NASDAQ:RIOT
Riot Platforms (RIOT) Stock Price & Analysis
8,049 Followers
RIOT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$7.80 - $20.65
Previous Close$10.06
Volume16.09M
Average Volume (3M)24.26M
Market Cap
$2.91B
Enterprise Value$2.33B
Total Cash (Recent Filing)$597.17M
Total Debt (Recent Filing)$21.34M
Price to Earnings (P/E)13.7
Beta2.90
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. Volume16,779,610
30 Day Avg. Volume24,264,716
Standard Deviation0.42
R-Squared0.29
Alpha0.03
Financial Highlights & Ratios
Price to Book (P/B)1.54
Price to Sales (P/S)36.86
Price to Cash Flow (P/CF)16.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue9.18
Enterprise Value/Gross Profit12.69
Enterprise Value/Ebitda-6.80
Forecast
1Y Price Target
$18.85Price Target Upside87.38% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering11
Riot Platforms News
Bulls Say, Bears Say
Bulls Say
Expansion ProgressRiot's energizing of the Corsicana facility is a significant milestone, marking a tangible advance in their expansion plans and setting the stage for increased mining capacity.
Financial HealthThe company's strong balance sheet with substantial cash and Bitcoin holdings underscores its financial health and supports its aggressive growth targets in the competitive BTC mining industry.
Operational EfficiencyRiot's strategic acquisition of competitively priced mining rigs and achievement in reducing power costs reflect a commitment to operational efficiency and cost management, enhancing its profitability outlook.
Bears Say
Financial PerformanceEarnings missed on top-line and adjusted EBITDA was only in-line excluding Bitcoin gains.
Increased CostsCost per coin mined increased by approximately $10,000 to $23,000, driven by higher non-power operating expenses.
Operational ChallengesCoins mined declined 36% year-over-year and 16% from the previous quarter, primarily due to network hashrate growth.
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Ownership Overview
15.61% Insiders
10.66% Mutual Funds
18.23% Other Institutional Investors
55.50% 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 92 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 Goldentree Asset Management Lp. It holds Riot Platforms’s shares valued at 2M.
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Riot Platforms Stock Smart Score
Neutral
1
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4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$18.85 (87.38% Upside)
$18.85 (87.38% Upside)
Blogger Sentiment
Bullish
RIOT Sentiment 92%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 76.0K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $651.5K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▼ 0.3%
Last 30 Days ▲ 2.9%
Last 30 Days ▲ 2.9%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-12.74%
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
$18.85
▲(87.38% 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
+53.76%
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 +53.76% per trade.
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