On 4/19/24, Riot Platforms Inc (NASDAQ: RIOT) stock enjoyed a major increase of 10.1%, closing at $9.13. NORMAL trading volume accompanied the advance. The stock has declined -6.4% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be below the cost of capital, RIOT is expected to be a modest Value Eraser.
Riot Platforms has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Riot Platforms has a neutral Power Rating of 54 but a good Appreciation Score of 73, leading to 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.
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