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S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
Critical asset just had biggest fall on record (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Former Bank of Beijing chairman under investigation, part of China's crackdown on corruption
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
Critical asset just had biggest fall on record (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Former Bank of Beijing chairman under investigation, part of China's crackdown on corruption
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
Critical asset just had biggest fall on record (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Former Bank of Beijing chairman under investigation, part of China's crackdown on corruption
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
NASDAQ:RIOT

Riot Platforms (RIOT) Stock Price, News & Analysis

$14.44
+0.32 (+2.27%)
(As of 03/1/2024 ET)
Today's Range
$13.48
$14.47
50-Day Range
$10.07
$18.62
52-Week Range
$5.16
$20.65
Volume
22.85 million shs
Average Volume
27.23 million shs
Market Capitalization
$3.66 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$17.46

Riot Platforms MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
20.9% Upside
$17.46 Price Target
Short Interest
Healthy
12.25% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.02mentions of Riot Platforms in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$1.16 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.72) to ($0.29) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.48 out of 5 stars

Business Services Sector

164th out of 312 stocks

Nondepository Credit Institutions Industry

21st out of 47 stocks


RIOT stock logo

About Riot Platforms Stock (NASDAQ:RIOT)

Riot Platforms, Inc. is a US-based blockchain technology company that aims to become North America's leading provider of Bitcoin mining services. The company's mission is to support the Bitcoin network's security, integrity, and scalability by operating one of the largest Bitcoin mining fleets in the world. Riot's products and services include Bitcoin mining hardware, hosting services, and proprietary mining software.

Riot Platforms' target market includes institutional and individual investors interested in Bitcoin mining and other companies in the blockchain and cryptocurrency industries. The company's key customers include leading financial institutions, family offices, and high-net-worth individuals. Riot is headquartered in Castle Rock, Colorado and operates its mining facilities in Texas.

Recently, Riot Platforms achieved a significant milestone by surpassing one exahash per second in Bitcoin mining hash rate. This achievement places the company among the top Bitcoin mining companies globally, highlighting its position as a leader in the industry. Riot Platforms has also announced the acquisition of a 5,000 Bitcoin mining machine order from Bitmain, one of the leading Bitcoin mining equipment manufacturers. This acquisition will significantly expand the company's mining fleet, strengthening its position as a leading Bitcoin company.

Riot Platforms' management team comprises experienced executives with diverse finance, technology, and operations backgrounds. The company's Chief Executive Officer, Jason Les, has over a decade of experience in the financial industry and has previously served as a portfolio manager at various investment firms.

Over the past few years, Riot Platforms' financial performance has been impressive, driven primarily by the strong demand for Bitcoin mining services. In 2020, the company's revenue decreased recently due to the sharp decline in the price of Bitcoin. The company has not been profitable, but the net loss has been manageable at around $15 million yearly. However, in 2022, the company noted a net loss of $509 million, a significant jump from previous years. 

Riot's profit margins have also declined with the fall of the price of Bitcoin. However, during this challenging time for Riot, the company's debt levels have remained manageable. Riot's total assets are more than sufficient enough to cover company liabilities. 

Riot Platforms' valuation metrics are relatively high compared to its industry peers, reflecting its position as a leading Bitcoin mining company. The company's price-to-earnings and price-to-sales ratios are significantly higher than industry averages. 

Investor sentiment towards Riot Platforms has been positive, driven by the strong demand for Bitcoin mining services and the company's growth prospects. 

Riot Platforms' stock has performed well over the past year compared to industry peers. The stock has experienced significant price movements, driven primarily by changes in Bitcoin prices and the company's operational performance.

Riot Platforms operates in the rapidly growing cryptocurrency industry, which has seen explosive growth in recent years. Cryptocurrencies are digital assets that use cryptography to secure transactions and control the creation of new units. They are decentralized and operate independently of traditional financial institutions. Riot Platforms specifically operates in the Bitcoin mining sector of the cryptocurrency industry, which involves using powerful computers to solve complex mathematical problems to validate transactions and earn new Bitcoins.

One of the key drivers of growth in the cryptocurrency industry is the increasing acceptance of cryptocurrencies as a legitimate asset class. This has been driven partly by the growing adoption of blockchain technology, which underpins cryptocurrencies and provides a secure and transparent way to track and verify transactions. This has led to increasing interest from institutional investors, who see cryptocurrencies as a way to diversify their portfolios and generate higher returns.

Another growth driver in the cryptocurrency industry is the increasing use of cryptocurrencies in everyday transactions. Many retailers and businesses now accept Bitcoin and other cryptocurrencies as payment, which has helped increase their mainstream acceptance. In addition, the rise of decentralized finance (DeFi) has created new opportunities for cryptocurrencies, such as earning interest on cryptocurrency holdings or using them as collateral for loans.

There are growth opportunities for the company in the expansion into new markets. Riot Platforms is already working on expanding its operations into Canada with the acquisition of Whinstone and plans to expand into other regions. This could give the company access to new customers and markets, which could help drive future growth.

Riot Platforms also invests in research and development, focusing on developing new products and services. The company recently announced the launch of a new subsidiary called RiotX Ventures, which will focus on developing new blockchain-based products and services. This could help the company stay ahead of the competition and continue to grow.

However, the cryptocurrency industry is also subject to a number of risks and challenges. One of the most significant risks is the volatility of cryptocurrencies. The value of cryptocurrencies, including Bitcoin, can fluctuate widely in a short period, which can impact the profitability of cryptocurrency miners like Riot Platforms. In addition, there is a risk of regulatory intervention as governments worldwide seek to address concerns about using cryptocurrencies in illicit activities. 

Another potential challenge for Riot Platforms is competition. The cryptocurrency industry is highly competitive, with many companies vying for market share. While Riot Platforms has a strong position in the market, it will need to continue to innovate and develop new products and services to stay ahead of the competition.

RIOT Stock Price History

RIOT Stock News Headlines

How to Get in on the Blockchain Boom with Blockchain Stocks
Blockchain stocks offer a plethora of investment opportunities. Learn how to invest in blockchain stocks and take advantage of the blockchain boom.
Bitcoin's soaring rally lifts several crypto-stocks
After the launch of close to a dozen Bitcoin spot ETFs proved to be a sell-the-news event for the popular cryptocurrency, the price of Bitcoin has recovered and surged to a two-year high.
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Bitcoin's soaring rally lifts several crypto-stocks (RIOT)
Bitcoin's surge past $52,000 has reignited momentum in cryptocurrency-related stocks, some of which have reached new 52-week highs
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Cantor Fitzgerald Reaffirms Their Buy Rating on Riot Platforms (RIOT)
3 Blockchain Stocks That'll Print You Money This Cycle
RIOT Mar 2024 16.000 put
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Today
3/03/2024
Next Earnings (Estimated)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Nondepository credit institutions
Sub-Industry
N/A
Current Symbol
NASDAQ:RIOT
Employees
534
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$17.46
High Stock Price Target
$24.00
Low Stock Price Target
$6.00
Potential Upside/Downside
+20.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
10 Analysts

Profitability

Net Income
$-49,470,000.00
Pretax Margin
-19.44%

Debt

Sales & Book Value

Annual Sales
$280.70 million
Cash Flow
$0.98 per share
Book Value
$7.45 per share

Miscellaneous

Free Float
242,382,000
Market Cap
$3.66 billion
Optionable
Optionable
Beta
4.28
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Key Executives

  • Mr. Soo Li Yi (Age 41)
    Executive Chairman
    Comp: $1.2M
  • Mr. Jason LesMr. Jason Les (Age 38)
    CEO & Executive Director
    Comp: $1.2M
  • Mr. Colin M. YeeMr. Colin M. Yee (Age 48)
    Executive VP & CFO
    Comp: $506.07k
  • Mr. William R. Jackman Esq. (Age 39)
    Executive VP, General Counsel & Corporate Secretary
    Comp: $674.17k
  • Mr. David Schatz
    Senior Vice President of Operations
  • Ms. Maureen Chu
    VP of Associate General Counsel, M&A and Corporate Finance
  • Mr. Philip James McPherson (Age 50)
    VP of Capital Markets & Investor Relations
  • Ms. Emma Norris
    Vice President of Human Resources
  • Mr. Ashton Harris
    Head of Technical Operations
  • Mr. Brian Morgenstern
    Head of Public Policy














RIOT Stock Analysis - Frequently Asked Questions

Should I buy or sell Riot Platforms stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Riot Platforms in the last twelve months. There are currently 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" RIOT shares.
View RIOT analyst ratings
or view top-rated stocks.

What is Riot Platforms' stock price target for 2024?

10 brokerages have issued 12 month target prices for Riot Platforms' stock. Their RIOT share price targets range from $6.00 to $24.00. On average, they predict the company's share price to reach $17.46 in the next twelve months. This suggests a possible upside of 20.9% from the stock's current price.
View analysts price targets for RIOT
or view top-rated stocks among Wall Street analysts.

How have RIOT shares performed in 2024?

Riot Platforms' stock was trading at $15.47 at the start of the year. Since then, RIOT stock has decreased by 6.7% and is now trading at $14.44.
View the best growth stocks for 2024 here
.

When is Riot Platforms' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our RIOT earnings forecast
.

How were Riot Platforms' earnings last quarter?

Riot Platforms, Inc. (NASDAQ:RIOT) posted its quarterly earnings data on Thursday, February, 22nd. The technology company reported $0.48 earnings per share for the quarter, beating the consensus estimate of ($0.29) by $0.77. The technology company earned $78.83 million during the quarter, compared to analyst estimates of $84.94 million. Riot Platforms had a positive trailing twelve-month return on equity of 0.89% and a negative net margin of 17.62%.

What other stocks do shareholders of Riot Platforms own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Riot Platforms investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Overstock.com (OSTK), QUALCOMM (QCOM), Block (SQ), Boeing (BA), PayPal (PYPL), Micron Technology (MU), Tesla (TSLA) and Alibaba Group (BABA).

Who are Riot Platforms' major shareholders?

Riot Platforms' stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.44%), Dimensional Fund Advisors LP (2.21%), Citadel Advisors LLC (0.00%), Simplex Trading LLC (0.00%), IMC Chicago LLC (0.00%) and Northern Trust Corp (0.88%). Insiders that own company stock include Chad Everett Harris, Colin M Yee, Hannah Cho, Hubert Marleau, Jason Les, Jeffrey Mcgonegal, Lance Varro D'ambrosio, Megan M Brooks, Ryan D Werner, Soo Il Benjamin Yi and William Richard Jackman.
View institutional ownership trends
.

How do I buy shares of Riot Platforms?

Shares of RIOT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:RIOT) was last updated on 3/3/2024 by MarketBeat.com Staff