RIOT Stock Summary and Trading Ideas (Riot Platforms | NASDAQ:RIOT)

Riot Platforms Inc is a vertically integrated Bitcoin mining company focused on building, supporting, and operating blockchain technologies. The company's segments include Bitcoin Mining; Data Center Hosting and Engineering. It generates maximum revenue from the Bitcoin Mining segment which generates revenue from the Bitcoin the company earns through its mining activities.

Riot Platforms trades on the NASDAQ stock market under the symbol RIOT.

As of January 23, 2025, RIOT stock price declined to $12.99 with 61,171,974 million shares trading.

RIOT has a beta of 3.13, meaning it tends to be more sensitive to market movements. RIOT has a correlation of 0.22 to the broad based SPY ETF.

RIOT has a market cap of $4.47 billion. This is considered a Mid Cap stock.

Last quarter Riot Platforms reported $85 million in Revenue and -$.54 earnings per share. This fell short of revenue expectation by $-11 million and missed earnings estimates by -$.38.

In the last 3 years, RIOT traded as high as $23.66 and as low as $3.25.

The top ETF exchange traded funds that RIOT belongs to (by Net Assets): IWM, VTI, VB, VGT, VXF.

RIOT has underperformed the market in the last year with a return of +22.5%, while SPY returned +27.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in RIOT shares. However, RIOT has outperformed the market in the last 3 month and 2 week periods, returning +30.9% and +8.1%, while SPY returned +4.9% and +3.4%, respectively. This indicates RIOT has been having a stronger performance recently.

RIOT support price is $12.35 and resistance is $13.93 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RIOT shares will trade within this expected range on the day.