With 16.45 million shares changed hands, the volume of the stock remained lighter than its average volume of 19.6 million shares. During the session, the Capital Markets company that operates in wider Financial sector, reached to the highest price of $7.54 whereas the lowest price it dropped to was $7.16. The 52-week range on RIOT shows that it touched its highest point at $18.75 and its lowest point at $6.36 during that stretch. It currently has a 1-year price target of $17.50. Beta for the stock currently stands at 4.11.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RIOT was up-trending over the past week, with a rise of 6.06%, but this was down by -11.41% over a month. Three-month performance dropped to -18.15% while six-month performance fell -39.47%. The stock lost -18.51% in the past year, while it has lost -51.33% so far this year. A look at the trailing 12-month EPS for RIOT yields 0.58 with Next year EPS estimates of -0.19. For the next quarter, that number is -0.11. This implies an EPS growth rate of 142.00% for this year and -260.07% for next year. EPS is expected to grow by 20.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 42.06%.
Float and Shares Shorts:
At present, 303.52 million RIOT shares are outstanding with a float of 279.06 million shares on hand for trading. On 2024-08-30, short shares totaled 50.14 million, which was 1652.0001 higher than short shares on 1722384000. In addition to Mr. Soo Li Yi as the firm’s Executive Chairman, Mr. Jason Les serves as its CEO & Executive Director.
Institutional Ownership:
Through their ownership of 0.44709998 of RIOT’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, RIOT reported revenue of $70018000.0 and operating income of $-68241000.0. The EBITDA in the recently reported quarter was $-6577000.0 and diluted EPS was $-0.32.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RIOT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
