Riot Platforms Inc (NASDAQ: RIOT). Extremely significant positive changes in investment behavior have recently occurred: positive upside/downside volume developed, its longer term price trend turned up, and its shorter term price trend turned up.
Riot Platforms Inc (NASDAQ: RIOT) has benefited from limited positive changes in fundamentals. Positive developments: significant quarterly earnings acceleration occurred, and the consensus estimate for December, 2025 increased significantly. Negative development: the stock’s power rating fell below 50.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
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 (Neutral). 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 66 and a neutral Power Rating of 46, triggering the Neutral Value Trend Rating.
Recent Price Action
Riot Platforms Inc (NASDAQ: RIOT) stock closed at $10.42 on 6/20/24 after a decline of -2.3%. NORMAL trading volume accompanied the decline. The stock has risen 4.3% during the last week but has been weak relative to the market over the last nine months.
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