On 1/12/24, Riot Platforms Inc (NASDAQ: RIOT) stock suffered a major decline of -10.4%, closing at $11.73. Moreover, this decline was accompanied by above average trading volume at 139% of normal. Relative to the market the stock has been strong over the last nine months but has declined -26.0% during the last week.
Current PriceTarget Research Rating
RIOT’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to be a modest Value Eraser.
Riot Platforms has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Riot Platforms has a good Power Rating of 73 and a good Appreciation Score of 73, and the Positive Value Trend Rating results.
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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