Riot Platforms Inc (NASDAQ: RIOT) stock closed at $12.40 on 3/20/24 after a major increase of 11.8%. NORMAL trading volume accompanied the advance. The stock has risen 6.7% during the last week and has performed in line with 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 (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Riot Platforms has a slightly positive Appreciation Score of 62 and a neutral Power Rating of 40, leading to the 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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