Riot Platforms Inc (NASDAQ: RIOT) stock suffered a major decline of -15.8% on 1/11/24. The shares closed at $13.09. Moreover, trading volume in this decline was exceptionally high at 229% of normal. The stock has been strong relative to the market over the last nine months but has declined -13.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, RIOT is expected to be Value Creation neutral.
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 consistent signals. Riot Platforms has a slightly positive Appreciation Score of 61 and a good Power Rating of 76, resulting in the Positive Value Trend Rating.
Rating Review
In light of this highly negative 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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