While Riot Platforms Inc has overperformed by 0.72%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RIOT rose by 22.53%, with highs and lows ranging from $15.87 to $6.19, whereas the simple moving average jumped by 25.55% in the last 200 days.
On January 08, 2025, Keefe Bruyette started tracking Riot Platforms Inc (NASDAQ: RIOT) recommending Outperform. A report published by Piper Sandler on December 17, 2024, Initiated its previous ‘Overweight’ rating for RIOT. Macquarie also rated RIOT shares as ‘Outperform’, setting a target price of $15 on the company’s shares in an initiating report dated September 25, 2024. Needham Reiterated the rating as Buy on July 24, 2024, but set its price target from $15 to $13. JP Morgan December 08, 2023d its ‘Underweight’ rating to ‘Neutral’ for RIOT, as published in its report on December 08, 2023. Bernstein’s report from October 31, 2023 suggests a price prediction of $15.60 for RIOT shares, giving the stock a ‘Outperform’ rating. JP Morgan also rated the stock as ‘Underweight’.
Analysis of Riot Platforms Inc (RIOT)
Further, the quarter-over-quarter increase in sales is 103.52%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Riot Platforms Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -14.71% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.23, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and RIOT is recording an average volume of 35.88M. On a monthly basis, the volatility of the stock is set at 6.85%, whereas on a weekly basis, it is put at 7.06%, with a gain of 8.31% over the past seven days. Furthermore, long-term investors anticipate a median target price of $16.40, showing growth from the present price of $12.51, which can serve as yet another indication of whether RIOT is worth investing in or should be passed over.
How Do You Analyze Riot Platforms Inc Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 7.50%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 57.86% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
