On 12/11/23, Riot Platforms Inc (NASDAQ: RIOT) stock suffered a major decline of -11.4%, closing at $14.02. Moreover, above average trading volume at 127% of normal accompanied the decline. Relative to the market the stock has been strong over the last nine months and has risen 1.8% during the last week.
Current PriceTarget Research Rating
RIOT is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Riot Platforms has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Riot Platforms has a neutral Appreciation Score of 56 but a good Power Rating of 73, resulting in the Positive Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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