Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Riot Platforms Inc (NASDAQ: RIOT) weakened in the last week. RIOT’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
On 6/7/24, Riot Platforms Inc (NASDAQ: RIOT) stock declined by -4.3%, closing at $9.72. This decline was accompanied by normal trading volume. Relative to the market the stock has been weak over the last nine months and has declined -3.3% 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 C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Riot Platforms has a good Appreciation Score of 71 but a neutral Power Rating of 47, leading to the High Neutral Value Trend Rating.
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