On 2/26/24, Riot Platforms Inc (NASDAQ: RIOT) stock enjoyed a major increase of 17.0%, closing at $17.37. Moreover, above average trading volume at 129% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 5.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, RIOT is expected to be Value Creation neutral.
Riot Platforms has a current Value Trend Rating of B (Positive). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Riot Platforms has a slightly positive Appreciation Score of 61 and a good Power Rating of 71, triggering the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment