Riot Platforms Inc (NASDAQ: RIOT) stock suffered a major decline of -11.8% on 10/31/24. The shares closed at $9.24. Moreover, above average trading volume at 145% of normal accompanied the decline. The stock has been extremely weak relative to the market over the last nine months and has declined -5.4% 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 F (Lowest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Riot Platforms has a poor Appreciation Score of 28 and a very low Power Rating of 6, and the Lowest Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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