Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Riot Platforms Inc (NASDAQ: RIOT) weakened during the last several trading days. RIOT’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Riot Platforms Inc (NASDAQ: RIOT) stock closed at $14.44 on 3/1/24 after a large increase of 2.3%. However, trading volume in this advance was below average at 76% of normal. The stock has declined -8.2% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
RIOT’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
Riot Platforms has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Riot Platforms has a neutral Appreciation Score of 52 but a good Power Rating of 71, with the High Neutral Value Trend Rating the result.
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