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Riot Platforms NasdaqCM:RIOT Stock Report

Last Price

US$12.67

Market Cap

US$4.8b

7D

3.4%

1Y

18.6%

Updated

13 Nov, 2024

Data

Company Financials +

Riot Platforms, Inc.

NasdaqCM:RIOT Stock Report

Market Cap: US$4.8b

RIOT Stock Overview

Operates as a bitcoin mining company in North America.

About the company

RIOT fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance2/6
Financial Health3/6
Dividends0/6

Rewards

Revenue is forecast to grow 39.38% per year

Became profitable this year

Risk Analysis

Shareholders have been substantially diluted in the past year

High level of non-cash earnings

Earnings are forecast to decline by an average of 42% per year for the next 3 years

Volatile share price over the past 3 months compared to the US market

+ 1 more risk

Community Narratives

Create a narrative

Narratives bring a range of perspectives from our community.

WA
WarrenAI
Based on Analyst Price Targets

Empowering Bitcoin Growth Through Strategic Innovation And Cost Leadership

Key Takeaways Riot's focus on expanding mining hardware and operational effi The analysts have a consensus price target of $15.94 for Riot Platforms based on their expectations of its future earnings growth, profit margins and other risk factors. However, there is a degree of disagreement amongst analysts, with the most bullish reporting a price target of $24.0, and the most bearish reporting a price target of just $8.22.
View narrative
US$15.94
FV
20.5% undervalued intrinsic discount
44.37%
Revenue growth p.a.
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Updated narrative

Riot Platforms, Inc. Competitors

Blackbaud

NasdaqGS:BLKB

US$4.3b

Cellebrite DI

NasdaqGS:CLBT

US$4.1b

BlackLine

NasdaqGS:BL

US$3.8b

RingCentral

NYSE:RNG

US$3.3b

Price History & Performance

Summary of all time highs, changes and price drops for Riot Platforms
Historical stock prices
Current Share PriceUS$12.67
52 Week HighUS$18.75
52 Week LowUS$6.36
Beta4.08
11 Month Change44.97%
3 Month Change64.97%
1 Year Change18.63%
33 Year Change-64.09%
5 Year Change786.01%
Change since IPO-97.89%

Recent News & Updates

Recent updates

Investors Appear Satisfied With Riot Platforms, Inc.'s (NASDAQ:RIOT) Prospects As Shares Rocket 28%

Oct 08
Investors Appear Satisfied With Riot Platforms, Inc.'s (NASDAQ:RIOT) Prospects As Shares Rocket 28%

Riot Platforms, Inc. (NASDAQ:RIOT) Stocks Pounded By 33% But Not Lagging Industry On Growth Or Pricing

Aug 21
Riot Platforms, Inc. (NASDAQ:RIOT) Stocks Pounded By 33% But Not Lagging Industry On Growth Or Pricing

Riot Platforms' (NASDAQ:RIOT) Shareholders Should Assess Earnings With Caution

Aug 07
Riot Platforms' (NASDAQ:RIOT) Shareholders Should Assess Earnings With Caution

A Look At The Fair Value Of Riot Platforms, Inc. (NASDAQ:RIOT)

Jul 16
A Look At The Fair Value Of Riot Platforms, Inc. (NASDAQ:RIOT)

What You Can Learn From Riot Platforms, Inc.'s (NASDAQ:RIOT) P/S

Jun 21
What You Can Learn From Riot Platforms, Inc.'s (NASDAQ:RIOT) P/S

Riot Platforms: Inefficient Post Halving

Apr 23

We're Not Very Worried About Riot Platforms' (NASDAQ:RIOT) Cash Burn Rate

Apr 10
We're Not Very Worried About Riot Platforms' (NASDAQ:RIOT) Cash Burn Rate

With A 28% Price Drop For Riot Platforms, Inc. (NASDAQ:RIOT) You'll Still Get What You Pay For

Mar 23
With A 28% Price Drop For Riot Platforms, Inc. (NASDAQ:RIOT) You'll Still Get What You Pay For

Why We're Not Concerned Yet About Riot Platforms, Inc.'s (NASDAQ:RIOT) 29% Share Price Plunge

Feb 03
Why We're Not Concerned Yet About Riot Platforms, Inc.'s (NASDAQ:RIOT) 29% Share Price Plunge

Riot Platforms (NASDAQ:RIOT) Is In A Good Position To Deliver On Growth Plans

Jan 08
Riot Platforms (NASDAQ:RIOT) Is In A Good Position To Deliver On Growth Plans

Riot Platforms, Inc. (NASDAQ:RIOT) Looks Just Right With A 49% Price Jump

Dec 18
Riot Platforms, Inc. (NASDAQ:RIOT) Looks Just Right With A 49% Price Jump

Is Riot Platforms, Inc. (NASDAQ:RIOT) Worth US$9.5 Based On Its Intrinsic Value?

Oct 29
Is Riot Platforms, Inc. (NASDAQ:RIOT) Worth US$9.5 Based On Its Intrinsic Value?

Riot Platforms (NASDAQ:RIOT) Is In A Good Position To Deliver On Growth Plans

Sep 19
Riot Platforms (NASDAQ:RIOT) Is In A Good Position To Deliver On Growth Plans

Riot Platforms (NASDAQ:RIOT) Is In A Good Position To Deliver On Growth Plans

Jun 05
Riot Platforms (NASDAQ:RIOT) Is In A Good Position To Deliver On Growth Plans

Riot Platforms, Inc. (NASDAQ:RIOT) Looks Just Right With A 66% Price Jump

Apr 17
Riot Platforms, Inc. (NASDAQ:RIOT) Looks Just Right With A 66% Price Jump

Shareholder Returns

RIOTUS SoftwareUS Market
7D3.4%4.2%1.0%
1Y18.6%28.3%33.1%

Return vs Industry: RIOT underperformed the US Software industry which returned 28.3% over the past year.

Return vs Market: RIOT underperformed the US Market which returned 33.1% over the past year.

Price Volatility

Is RIOT's price volatile compared to industry and market?
RIOT volatility
RIOT Average Weekly Movement13.1%
Software Industry Average Movement7.6%
Market Average Movement6.2%
10% most volatile stocks in US Market15.6%
10% least volatile stocks in US Market3.0%

Stable Share Price: RIOT's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: RIOT's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
1998534Jason Leswww.riotplatforms.com

Riot Platforms, Inc., together with its subsidiaries, operates as a bitcoin mining company in North America. The company operates through three segments: Bitcoin Mining, Data Center Hosting, and Engineering. It also provides co-location services for institutional-scale bitcoin mining companies; critical infrastructure and workforce for institutional-scale miners to deploy and operate their miners; operation of data centers; and maintenance/management of computing capacity.

Riot Platforms, Inc. Fundamentals Summary

How do Riot Platforms's earnings and revenue compare to its market cap?
RIOT fundamental statistics
Market capUS$4.80b
Earnings (TTM)US$12.41m
Revenue (TTM)US$312.91m

339.3x

P/E Ratio

13.5x

P/S Ratio

Is RIOT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
RIOT income statement (TTM)
RevenueUS$312.91m
Cost of RevenueUS$237.15m
Gross ProfitUS$75.76m
Other ExpensesUS$63.35m
EarningsUS$12.41m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.037
Gross Margin24.21%
Net Profit Margin3.97%
Debt/Equity Ratio0.2%

How did RIOT perform over the long term?

See historical performance and comparison