On 5/10/24, Riot Platforms Inc (NASDAQ: RIOT) stock suffered a major decline of -10.5%, closing at $9.20. 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 -10.7% 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 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 Power Rating of 65 and a good Appreciation Score of 74, producing 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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