Riot Platforms Inc is a bitcoin mining company headquartered in Castle Rock, Colorado. The company engages in proof-of-work mining and focuses on expanding its operations by increasing its Bitcoin mining hash rate and infrastructure capacity. Founded by Jason Les in 2000, Riot Platforms is one of the largest U.S. based publicly-traded Bitcoin miners in North America. The company rebranded in January 2023, changing its name from Riot Blockchain Inc to its current name, Riot Platforms Inc. The stock is listed on the NASDAQ under ticker symbol RIOT.
December 21, 2024: On Tuesday, Piper Sandler initiated coverage on shares of Riot Platforms, assigning an Overweight rating and setting a price target of $23, according to Investing.com.
December 9, 2024: Despite announcing a strategic Bitcoin purchase plan, Riot Platforms’ shares fell nearly 10%. At the market opening on December 9, the miner stock dropped by 7.1% to $12.03, reflecting a broader decline in crypto-related equities such as Coinbase, Marathon Digital and CleanSpark, according to CryptoSlate.
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| Open | $0.00 |
|---|---|
| High | $0.00 |
| Low | $0.00 |
| Close | $0.00 |
| Previous close | $0.00 |
| Change | $0.00 |
| Change % | N/A% |
| Volume | 0 |
| 52-week range | $6.36 - $18.75 |
|---|---|
| 50-day moving average | $11.18 |
| 200-day moving average | $10.00 |
| Wall St. target price | $17.90 |
| PE ratio | 79.6667 |
| Dividend yield | N/A |
| Earnings per share (TTM) | $0.15 |
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Historical closes compared with the close of $11.55 from 2024-12-19
| 1 week (2024-12-13) | -11.09% |
|---|---|
| 1 month (2024-11-22) | -6.17% |
| 3 months (2024-09-20) | 60.64% |
| 6 months (2024-06-21) | 20.94% |
| 1 year (2023-12-21) | -31.04% |
|---|---|
| 2 years (2022-12-21) | 201.57% |
| 3 years (2021-12-21) | 24.05 |
| 5 years (2019-12-20) | 768.42% |
Valuing Riot Platforms stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Riot Platforms's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Riot Platforms's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 80x. In other words, Riot Platforms shares trade at around 80x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Riot Platforms's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $129.4 million.
The EBITDA is a measure of a Riot Platforms's overall financial performance and is widely used to measure a its profitability.
| Revenue TTM | $312.9 million |
|---|---|
| Gross profit TTM | $65.5 million |
| Return on assets TTM | -1.79% |
| Return on equity TTM | 0.61% |
| Profit margin | 3.97% |
| Book value | $8.48 |
| Market Capitalization | $4.1 billion |
TTM: trailing 12 months
We're not expecting Riot Platforms to pay a dividend over the next 12 months.
Riot Platforms's shares were split on a 1:8 basis on 30 March 2016 . So if you had owned 8 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Riot Platforms shares – just the quantity. However, indirectly, the new 700% higher share price could have impacted the market appetite for Riot Platforms shares which in turn could have impacted Riot Platforms's share price.
Over the last 12 months, Riot Platforms's shares have ranged in value from as little as $6.355 up to $18.75. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Riot Platforms's is 4.083. This would suggest that Riot Platforms's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Riot Platforms, Inc. , together with its subsidiaries, operates as a bitcoin mining company in North America. The company operates through three segments: Bitcoin Mining, Data Center Hosting, and Engineering. It also provides co-location services for institutional-scale bitcoin mining companies; critical infrastructure and workforce for institutional-scale miners to deploy and operate their miners; operation of data centers; and maintenance/management of computing capacity. In addition, the company engages in the design and manufacturing of power distribution equipment and custom engineered electrical products; and electricity distribution product design, manufacture, and installation services primarily focused on large-scale commercial, and governmental customers, as well as a range of markets, including data center, power generation, utility, water, industrial, and alternative energy. The company was formerly known as Riot Blockchain, Inc. Riot Platforms, Inc.
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