With 40.64 million shares changed hands, the volume of the stock remained heavier than its average volume of 33.3 million shares. The 52-week range on RIOT shows that it touched its highest point at $18.36 and its lowest point at $6.36 during that stretch. It currently has a 1-year price target of $18.00. Beta for the stock currently stands at 4.32.
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 down-trending over the past week, with a drop of -14.47%, but this was down by -20.40% over a month. Three-month performance dropped to -13.98% while six-month performance rose 30.10%. The stock lost -34.79% in the past year, while it has gained 2.45% so far this year. A look at the trailing 12-month EPS for RIOT yields 0.29 with Next year EPS estimates of -0.53. For the next quarter, that number is -0.18. This implies an EPS growth rate of -22.11% for this year and -55.62% for next year. EPS is expected to grow by 4.06% 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, 324.28 million RIOT shares are outstanding with a float of 319.54 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RIOT since 8 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. 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. Analysts have provided yearly estimates in a range of -$0.27206 being high and -$0.38866 being low. For RIOT, this leads to a yearly average estimate of -$0.34008. Based on analyst estimates, the high estimate for the next quarter is $0 and the low estimate is $0. The average estimate for the next quarter is thus $0.
