On 7/15/24, Riot Platforms Inc (NASDAQ: RIOT) stock enjoyed a major increase of 17.1%, closing at $11.48. Moreover, exceptionally high trading volume at 213% of normal accompanied the advance. The stock has been extremely weak relative to the market over the last nine months but has risen 19.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, RIOT is expected to continue to be Value Creation neutral.
Riot Platforms has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Riot Platforms has a good Appreciation Score of 72 but a very low Power Rating of 14, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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