Stock Rating Upgrade
In the last week the Value Trend Rating for Riot Platforms Inc (NASDAQ: RIOT) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 5/1/24, Riot Platforms Inc (NASDAQ: RIOT) stock declined by -2.9%, closing at $9.82. This decline was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has declined -17.1% 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 continue to be Value Creation neutral.
Riot Platforms has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Riot Platforms has a slightly positive Power Rating of 61 and a slightly positive Appreciation Score of 68, producing the Positive Value Trend Rating.
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