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Sunday, December 3, 2023

This Is Too Hot For Riot Platforms Inc (NASDAQ: RIOT), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Riot Platforms Inc (RIOT) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.23, or -2.04%, to $11.07. The Riot Platforms Inc has recorded 602,690 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Riot Announces September 2023 Production and Operations Updates.

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Stocks Info

As a NASDAQ listed company, RIOT falls under the Financial sector while operating within the Capital Markets industry segment. At the end of the last regular session, the stock closed at $11.30 and fluctuated between $11.31 as its day high and $10.38 as its day low. The current market capitalization of Riot Platforms Inc is $2.25B. A total of 28.35 million shares were traded on the day, compared to an average of 19.18M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, RIOT has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 51,165 shares. Over the last 12 months, there were 8 BUYs and 34 SELLs from insiders. Insiders purchased 1,537,701 shares during that period but sold 3,457,096.

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.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for RIOT in the last 3 months, the mean price target is $16.65 with high estimates of $22.00 and low estimates of $7.50. 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 -$0.22 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.13 per share and a lower estimate of -$0.37. 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

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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 $6.81, while its Total Shareholder’s Equity was $1.36B.

Analysts Opinion

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. 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 4.38.

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