Riot Platforms Inc (NASDAQ:RIOT) shares, rose in value, with the stock price up by 1.94% to the previous day’s close as strong demand from buyers drove the stock to $12.11.
Actively observing the price movement in the last trading, the stock closed the session at $11.88. Referring to stock’s 52-week performance, its high was $20.65, and the low was $7.80. On the whole, RIOT has fluctuated by 0.50% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 479.21M, with a low estimate of 85.5M and a high estimate of 103.08M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 94.86M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RIOT’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of RIOT currently trading nearly 19.31% and -1.02% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.46, while the 7-day volatility ratio is showing 11.06% which for the 30-day chart, stands at 7.52%. Furthermore, Riot Platforms Inc (RIOT)’s beta value is 4.16, and its average true range (ATR) is 0.93.
A comparison of Riot Platforms Inc (RIOT) with its peers suggests the former has fared considerably weaker in the market. RIOT showed an intraday change of 1.94% in last session, and over the past year, it grew by 13.07%%.
Data on historical trading for Riot Platforms Inc (NASDAQ:RIOT) indicates that the trading volumes over the past 3 months, they’ve averaged 25.19 million. According to company’s latest data on outstanding shares, there are 253.54 million shares outstanding.
Nearly 8.23% of Riot Platforms Inc’s shares belong to company insiders and institutional investors own 40.45% of the company’s shares. The stock has fallen by -21.72% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RIOT stock heading into the next quarter.
