Stock Rating Upgrade
In the last week the Value Trend Rating for Riot Platforms Inc (NASDAQ: RIOT) rose significantly from F to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 11/8/24, Riot Platforms Inc (NASDAQ: RIOT) stock enjoyed a large increase of 3.4%, closing at $12.81. Moreover, trading volume in this advance was above average at 145% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 38.6% 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 (Low Neutral). This VT Rating improved modestly in recent days from F previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Riot Platforms has a slightly positive Appreciation Score of 64 but a poor Power Rating of 24, with the Low Neutral Value Trend Rating the result.
Be the first to comment