Riot Platforms Inc (NASDAQ: RIOT) kicked off on Friday, down -6.67% from the previous trading day, before settling in for the closing price of $9.75. Over the past 52 weeks, RIOT has traded in a range of $8.60-$20.65.
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During the last 5-year period, the sales growth of Financial Sector giant was 351.76%. While this was happening, its average annual earnings per share was recorded -110.54%. With a float of $232.63 million, this company’s outstanding shares have now reached $253.54 million.
Let’s determine the extent of company efficiency that accounts for 534 employees.
Riot Platforms Inc (RIOT) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Capital Markets Industry. The insider ownership of Riot Platforms Inc is 8.23%, while institutional ownership is 40.47%. The most recent insider transaction that took place on Mar 15 ’24, was worth 390,250. In this transaction SVP, CAO of this company sold 35,000 shares at a rate of $11.15, taking the stock ownership to the 462,759 shares. Before that another transaction happened on Feb 28 ’24, when Company’s Director sold 15,000 for $17.42, making the entire transaction worth $261,300. This insider now owns 85,151 shares in total.
Riot Platforms Inc (RIOT) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 15.09 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -110.54% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 20.00% during the next five years compared to 42.06% growth over the previous five years of trading.
Riot Platforms Inc (NASDAQ: RIOT) Trading Performance Indicators
Take a look at Riot Platforms Inc’s (RIOT) current performance indicators. Last quarter, stock had a quick ratio of 8.33. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.22.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.41, a number that is poised to hit -0.20 in the next quarter and is forecasted to reach 0.18 in one year’s time.
Technical Analysis of Riot Platforms Inc (RIOT)
Looking closely at Riot Platforms Inc (NASDAQ: RIOT), its last 5-days average volume was 16.9 million, which is a drop from its year-to-date volume of 26.02 million. As of the previous 9 days, the stock’s Stochastic %D was 6.44%. Additionally, its Average True Range was 0.85.
During the past 100 days, Riot Platforms Inc’s (RIOT) raw stochastic average was set at 1.33%, which indicates a significant decrease from 3.13% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 61.96% in the past 14 days, which was lower than the 95.40% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.67, while its 200-day Moving Average is $12.79. However, in the short run, Riot Platforms Inc’s stock first resistance to watch stands at $9.54. Second resistance stands at $9.97. The third major resistance level sits at $10.26. If the price goes on to break the first support level at $8.82, it is likely to go to the next support level at $8.53. Should the price break the second support level, the third support level stands at $8.10.
Riot Platforms Inc (NASDAQ: RIOT) Key Stats
The company with the Market Capitalisation of 2.31 billion has total of 253,538K Shares Outstanding. Its annual sales at the moment are 280,680 K in contrast with the sum of -49,470 K annual income. Company’s last quarter sales were recorded 78,810 K and last quarter income was 79,230 K.
