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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$7.19
Volume27.48M
Average Volume (3M)19.65M
Market Cap
$2.18B
Enterprise Value$1.57B
Total Cash (Recent Filing)$638.79M
Total Debt (Recent Filing)$23.00M
Price to Earnings (P/E)12.4
Beta2.71
Next Earnings
Nov 05, 2024EPS Estimate
-$0.1Last Dividend Ex-Date
Oct 12, 2017Dividend YieldN/A
Share Statistics
EPS (TTM)0.58
Shares Outstanding303,524,067
10 Day Avg. Volume16,648,650
30 Day Avg. Volume19,651,980
Standard Deviation0.41
R-Squared0.27
Alpha0.04
Financial Highlights & Ratios
Price to Book (P/B)0.84
Price to Sales (P/S)7.79
Price to Cash Flow (P/CF)-12.80
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue5.59
Enterprise Value/Gross Profit59.46
Enterprise Value/Ebitda-8.01
Forecast
1Y Price Target
$16.95Price Target Upside135.74% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
Riot Platforms News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceRiot ended with total liquidity of ~$1B, ~$481M in cash and $585M in BTC.
Growth ProspectsRiot expanded its operating hash rate by 77% in 2Q24 to 22 EH/s at the end of June, representing the fastest rate of growth across all public miners tracked.
Operational EfficiencyImprovements at both Texas sites from new miners, immersion systems, and cooling have led to notable uptime enhancements, with additional improvements expected.
Bears Say
ExpensesThe EBITDA miss was primarily the result of higher SG&A expenses.
Financial PerformanceRiot posted an adjusted EBITDA loss of $75.2M in 2Q24, down from a profit of $245.7M in the previous quarter.
Mining PerformanceIn August, Riot Platforms mined 322 BTC, down 13% m/m.
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Ownership Overview
16.17% Insiders
13.32% Mutual Funds
20.18% Other Institutional Investors
50.33% 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 Nov 05, 2024 which is in 42 days.
How were Riot Platforms’s earnings last quarter?
Riot Platforms released its earnings results on Jul 31, 2024. The company reported -$0.346 earnings per share for the quarter, missing the consensus estimate of -$0.103 by -$0.243.
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 -$0.1.
How many shares outstanding does Riot Platforms have?
Riot Platforms has 303,524,080 shares outstanding.
What happened to Riot Platforms’s price movement after its last earnings report?
Riot Platforms reported an EPS of -$0.346 in its last earnings report, missing expectations of -$0.103. Following the earnings report the stock price went down -8.538%.
Which hedge fund is a major shareholder of Riot Platforms?
Among the largest hedge funds holding Riot Platforms’s share is Deerfield Management Company, LP. It holds Riot Platforms’s shares valued at 213K.
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Riot Platforms Stock Smart Score
Unlock Smart Score
1
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5
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8
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10
Analyst Consensus
Strong Buy
Average Price Target:
$16.95 (135.74% Upside)
$16.95 (135.74% Upside)
Blogger Sentiment
Bullish
RIOT Sentiment 87%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 31.6K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $552.4K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.0%
Last 30 Days ▼ 2.0%
Last 30 Days ▼ 2.0%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-28.24%
12-Months-Change
Fundamentals
Return on Equity
8.43%
Trailing 12-Months
Asset Growth
100.42%
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
Q2 2024
0:00 / 0:00
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RIOT Stock 12 Month Forecast
Average Price Target
$16.95
▲(135.74% Upside)
Technical Analysis
HIVE Digital Technologies
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Marathon Digital Holdings
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Bit Digital
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Stronghold Digital Mining
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Best Analysts Covering RIOT
1 Year
1 Year Success Rate
11/31 ratings generated profit
1 Year Average Return
+13.50%
assigned a buy rating 19 days ago
Copying Darren Aftahi's trades and holding each position for 1 Year would result in 35.48% of your transactions generating a profit, with an average return of +13.50% per trade.
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