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Friday, September 29, 2023

The Street Is Finally Waking Up To Riot Platforms Inc. (NASDAQ: RIOT)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Riot Platforms Inc. (RIOT) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.10, or 0.97%, to $10.38. The Riot Platforms Inc. has recorded 195,181 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Riot Responds to Recent Inquiries Regarding Its Power Strategy.

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Stocks Info

Riot Platforms Inc. is listed on the NASDAQ as a member of the Financial sector and is a part of the Capital Markets industry. At the end of the last regular session, the stock closed at $10.28 and fluctuated between $10.71 as its day high and $10.22 as its day low. The current market capitalization of Riot Platforms Inc. is $1.98B. A total of 13.85 million shares were traded on the day, compared to an average of 22.06M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, RIOT has seen 8 BUY and 3 SELL insider trades, representing the acquisition of 1,537,701 and the disposition of 37,894 shares. Over the last 12 months, there were 35 BUYs and 40 SELLs from insiders. Insiders purchased 11,939,506 shares during that period but sold 3,489,375.

In the most recent transaction, Marleau Hubert sold 51,165 shares of RIOT for 12.28 per share on Aug 17. After the transaction, the Director now owns 27,860 company shares. In a previous transaction on Jul 17, D’Ambrosio Lance Varro sold 26,000 shares at 19.16 per share. RIOT shares that Director owns now total 13,441.

Among the insiders who sold shares, Yi Soo il Benjamin disposed of 485,884 shares on Jun 02 at a per-share price of $11.78. This resulted in the EXECUTIVE CHAIRMAN holding 2,830,884 shares of RIOT after the transaction. In another insider transaction, Jackman William Richard sold 371,471 shares at $12.13 per share on Jun 02. Company shares held by the EVP, GENERAL COUNSEL now total 634,918.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. RIOT’s most recent ex-dividend date was 10/12/2017 when it declared a $1.00 quarterly dividend that was paid in cash on 10/18/2017.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for RIOT in the last 3 months, the mean price target is $19.22 with high estimates of $23.00 and low estimates of $16.00. In terms of 52-week highs and lows, RIOT has a high of $20.65 and a low of $3.25.

As of this writing, RIOT has an earnings estimate of -$0.28 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of -$0.21 per share and a lower estimate of -$0.34. The company reported an EPS of -$0.33 in the last quarter, which was -94.10% lower than expectations of -$0.17.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. RIOT’s latest balance sheet shows that the firm has $482.66M in Cash & Short Term Investments as of fiscal 2021. There were $13.44M in debt and $109.88M in liabilities at the time. Its Book Value Per Share was $7.42, while its Total Shareholder’s Equity was $1.36B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RIOT is Buy with a score of 4.63.

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