There’s No Need To Panic Or Freeze When It Comes 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. The stock was recently discussed on Yahoo Finance as it revealed that Riot Announces January 2024 Production and Operations Updates.

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Stocks Info

The company is listed on the NASDAQ and operates within the Capital Markets industry segment. At the end of the last regular session, the stock closed at $13.05 and fluctuated between $13.06 as its day high and $11.73 as its day low. The current market capitalization of Riot Platforms Inc is $2.69B. A total of 31.37 million shares were traded on the day, compared to an average of 29.26M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, RIOT has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 8 BUYs and 22 SELLs from insiders. Insiders purchased 1,537,701 shares during that period but sold 2,279,936.

In the most recent transaction, Jackman William Richard sold 57,000 shares of RIOT for 15.68 per share on Dec 08. After the transaction, the EVP, GENERAL COUNSEL now owns 947,557 company shares. In a previous transaction on Aug 17, Marleau Hubert sold 51,165 shares at 12.28 per share. RIOT shares that Director owns now total 27,860.

Among the insiders who sold shares, D’Ambrosio Lance Varro disposed of 26,000 shares on Jul 17 at a per-share price of $19.16. This resulted in the Director holding 13,441 shares of RIOT after the transaction. In another insider transaction, Yi Soo il Benjamin sold 485,884 shares at $11.78 per share on Jun 02. Company shares held by the EXECUTIVE CHAIRMAN now total 2,830,884.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for RIOT in the last 3 months, the mean price target is $19.50 with high estimates of $26.00 and low estimates of $12.00. In terms of 52-week highs and lows, RIOT has a high of $20.65 and a low of $5.16.

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 10 estimates, with a high estimate of -$0.21 per share and a lower estimate of -$0.39. The company reported an EPS of -$0.17 in the last quarter, which was 19.00% higher than expectations of -$0.21.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. 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 $473.71M 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 $6.83, while its Total Shareholder’s Equity was $1.35B.

Analysts Opinion

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. 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 4.70.

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