Is Riot Platforms Inc (NASDAQ: RIOT) The Best Stock To Invest In?

After Hours

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. The stock was recently discussed on Yahoo Finance as it revealed that Reformed Energy, a Waste-to-Energy Company, Secures Strategic Investment from Riot Platforms.

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Stocks Info

Riot Platforms Inc is listed on the NASDAQ in the Financial sector while operating in the Capital Markets industry. The current market capitalization of Riot Platforms Inc is $3.06B. A total of 18.09 million shares were traded on the day, compared to an average of 28.68M 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.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. 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

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in 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 4.90.

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