Riot Platforms Inc (NASDAQ: RIOT) stock jumped 3.15% on Friday to $10.48 against a previous-day closing price of $10.16. With 16.46 million shares changed hands, the volume of the stock remained lighter than its average volume of 20.58 million shares. During the session, the Capital Markets company that operates in wider Financial sector, reached to the highest price of $10.52 whereas the lowest price it dropped to was $9.90. The 52-week range on RIOT shows that it touched its highest point at $20.65 and its lowest point at $3.25 during that stretch. It currently has a 1-year price target of $16.65. Beta for the stock currently stands at 4.14.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RIOT was up-trending over the past week, with a rise of 1.16%, but this was up by 18.82% over a month. Three-month performance dropped to -2.33% while six-month performance fell -5.42%. The stock gained 124.89% in the past year, while it has gained 209.14% so far this year. A look at the trailing 12-month EPS for RIOT yields -1.68 with Next year EPS estimates of -0.96. For the next quarter, that number is -0.26. This implies an EPS growth rate of 71.56% for this year and 7.36% for next year. EPS is expected to grow by 20.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -2.06%.
Float and Shares Shorts:
At present, 206.51 million RIOT shares are outstanding with a float of 196.12 million shares on hand for trading. On Oct 30, 2023, short shares totaled 36.49 million, which was 18.37% higher than short shares on Sep 28, 2023. In addition to Mr. Soo Li Yi as the firm’s Executive Chairman, Mr. Jason Les serves as its CEO & Executive Director.
Through their ownership of 43.11% of RIOT’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 23.77% of RIOT, in contrast to 17.36% held by mutual funds. Shares owned by individuals account for 11.62%. As the largest shareholder in RIOT with 9.48% of the stake, The Vanguard Group, Inc. holds 18,840,898 shares worth 18,840,898. A second-largest stockholder of RIOT, BlackRock Fund Advisors, holds 11,215,047 shares, controlling over 5.65% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in RIOT, holding 5,111,136 shares or 2.57% stake. With a 2.77% stake in RIOT, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 5,501,846 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 2.29% of RIOT stock, is the second-largest Mutual Fund holder. It holds 4,540,425 shares valued at 44.41 million. iShares Russell 2000 ETF holds 2.00% of the stake in RIOT, owning 3,966,629 shares worth 38.79 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RIOT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With RIOT analysts setting a high price target of $22.00 and a low target of $7.50, the average target price over the next 12 months is $16.65. Based on these targets, RIOT could surge 109.92% to reach the target high and fall by -28.44% to reach the target low. Reaching the average price target will result in a growth of 58.87% from current levels.
Dividends & Yield:
In terms of dividends, RIOT has a current ratio of $–, which is $– over the trailing 12-months, while a dividend of $– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and RIOT currently yields $––. In the past year, RIOT’s dividend yield has been $––, but when looking at the stock over the past five years, its yield has been $––. Accordingly, RIOT has a current buyback yield of $–. This was $– for the TTM, and it was $– for the past five years.
Summary of Insider Activity:
Insiders traded RIOT stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 8 while that of sell transactions has risen to 34 over the past year. The total number of shares bought during that period was 1,537,701 while 3,457,096 shares were sold.