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Riot Platforms, Inc. (RIOT)

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8.79 -0.29 (-3.19%)
As of 9:36 AM EDT. Market Open.
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DELL
  • Previous Close 9.08
  • Open 8.92
  • Bid 8.93 x 100
  • Ask 8.97 x 6600
  • Day's Range 8.77 - 8.96
  • 52 Week Range 6.36 - 18.75
  • Volume 1,867,659
  • Avg. Volume 18,300,314
  • Market Cap (intraday) 2.668B
  • Beta (5Y Monthly) 4.10
  • PE Ratio (TTM) 15.70
  • EPS (TTM) 0.56
  • Earnings Date Oct 30, 2024
  • Forward Dividend & Yield --
  • Ex-Dividend Date Oct 12, 2017
  • 1y Target Est 16.68

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. was incorporated in 1998 and is based in Castle Rock, Colorado.

www.riotplatforms.com

534

Full Time Employees

December 31

Fiscal Year Ends

Recent News: RIOT

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Related Videos: RIOT

Investment banking activity rises, bitcoin rallies: Catalysts

On today's episode of Catalysts, Hosts Seana Smith and Brad Smith break down some of the biggest stories of the trading day. Major US banks have all reported their earnings. Morgan Stanley (MS) closed out the group, topping analysts' expectations and delivering a big boost in investment banking revenue. American Banker editor-in-chief Chana Schoenberger explains that her biggest takeaway from bank earnings is that "investment banking is up and trading is up." She attributes this trend to two factors: the markets being up and an increase in dealmaking. She notes that M&A (mergers and acquisitions) activity has increased this year and will continue its momentum as interest rates fall. Regional banks Citizens Financial Group (CFG) and US Bancorp (USB) have posted their third quarter results. Citizens Bank posted revenue that fell just short of Wall Street's expectations of lower net interest income. On the other hand, US Bancorp's net interest income topped estimates, as it benefited from higher borrowing costs. Major indexes (^DJI, ^IXIC, ^GSPC) are rallying amid third quarter earnings season. However, questions remain about the sustainability of these gains in the current bull market, which is entering its third year. IG North America CEO J.J. Kinahan expresses optimism about the market's broad-based rally, viewing it as a positive indicator. "We're at a wall of worry. Nobody believes in the rally," he says, suggesting this skepticism could fuel further gains. However, he highlights some sector-specific concerns, particularly in semiconductor stocks. Kinahan points to Intel (INTC) as "an outlier" among semiconductor names, noting the stock's difficulty maintaining momentum. Bitcoin (BTC-USD) prices have climbed above $67,000 on Wednesday — its highest since July. The jump was influenced by Vice President Kamala Harris's newly announced proposals to establish a clearer regulatory framework for digital assets. The cryptocurrency's upward momentum has triggered a broader rally across crypto-related stocks, including Coinbase (COIN), MicroStrategy (MSTR), Riot Platforms (RIOT), and CleanSpark (CLSK). The US government is reportedly considering capping chip sales to certain countries. The move would affect chipmakers like Nvidia (NVDA) and Advanced Micro Devices (AMD). Macrolens chief strategist and managing principal Brian McCarthy tells Yahoo Finance, "It's unclear whether yesterday's news suggesting there could be tightened restrictions on the UAE and Saudi Arabia is or isn't related to those countries possibly funneling chips to China because it's very hard to sort of bottle up China's access to these chips through third parties." He explains that despite the US limiting chip exports to China due to national security risks, widespread smuggling of the tech persists. This post was written by Melanie Riehl

Performance Overview: RIOT

Trailing total returns as of 10/17/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

RIOT
43.18%
S&P 500
22.75%

1-Year Return

RIOT
6.69%
S&P 500
33.87%

3-Year Return

RIOT
68.44%
S&P 500
30.94%

5-Year Return

RIOT
417.06%
S&P 500
95.83%

Compare To: RIOT

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Statistics: RIOT

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Valuation Measures

Annual
As of 10/16/2024
  • Market Cap

    2.66B

  • Enterprise Value

    1.77B

  • Trailing P/E

    16.21

  • Forward P/E

    20.88

  • PEG Ratio (5yr expected)

    --

  • Price/Sales (ttm)

    7.09

  • Price/Book (mrq)

    1.07

  • Enterprise Value/Revenue

    6.66

  • Enterprise Value/EBITDA

    --

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    30.97%

  • Return on Assets (ttm)

    -2.66%

  • Return on Equity (ttm)

    4.53%

  • Revenue (ttm)

    280.02M

  • Net Income Avi to Common (ttm)

    86.73M

  • Diluted EPS (ttm)

    0.56

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    638.79M

  • Total Debt/Equity (mrq)

    0.92%

  • Levered Free Cash Flow (ttm)

    -358.51M

Research Analysis: RIOT

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Earnings Per Share

Consensus EPS
 

Revenue vs. Earnings

Revenue 70.02M
Earnings -84.45M
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Analyst Price Targets

8.22
16.68 Average
8.79 Current
22.00 High
 

Company Insights: RIOT

Top Analysts: RIOT

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Overall Score

Cantor Fitzgerald 58/100
Latest Rating
Overweight
 

Direction Score

Needham 39/100
Latest Rating
Buy
 

Price Score

Needham 98/100
Latest Rating
Buy
 

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