Are Things Looking Up For 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. Yahoo Finance discussed the stock recently as it posted Reformed Energy, a Waste-to-Energy Company, Secures Strategic Investment from Riot Platforms.

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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 $11.98 and fluctuated between $12.62 as its day high and $11.93 as its day low. The current market capitalization of Riot Platforms Inc is $3.04B. A total of 21.57 million shares were traded on the day, compared to an average of 29.36M shares.

In the most recent transaction, Werner Ryan D. sold 35,000 shares of RIOT for 11.15 per share on Mar 15 ’24. After the transaction, the SVP, CAO now owns 462,759 company shares. In a previous transaction on Feb 28 ’24, Cho Hannah sold 15,000 shares at 17.42 per share. RIOT shares that Director owns now total 85,151.

Among the insiders who sold shares, Jackman William Richard disposed of 57,000 shares on Dec 08 ’23 at a per-share price of $15.68. This resulted in the EVP, GENERAL COUNSEL holding 947,557 shares of RIOT after the transaction. In another insider transaction, Marleau Hubert sold 51,165 shares at $12.28 per share on Aug 17 ’23. Company shares held by the Director now total 27,860.

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. In terms of 52-week highs and lows, RIOT has a high of $20.65 and a low of $7.66.

As of this writing, RIOT has an earnings estimate of -$0.12 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.25 per share and a lower estimate of -$0.31. The company reported an EPS of -$0.25 in the last quarter, which was -25.00% lower than expectations of -$0.2.

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 $8.18, 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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