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 and Engineering. The Bitcoin Mining segment generates revenue from the Bitcoin the Company earns through its Bitcoin Mining activities. The Engineering segment generates revenue through customer contracts for custom engineered electrical products. It generates the majority of its revenue from the Bitcoin Mining segment.

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

As of April 9, 2025, RIOT stock price climbed to $7.38 with 31,382,739 million shares trading.

RIOT has a beta of 2.38, meaning it tends to be more sensitive to market movements. RIOT has a correlation of 0.24 to the broad based SPY ETF.

RIOT has a market cap of $2.54 billion. This is considered a Mid Cap stock.

Last quarter Riot Platforms reported $143 million in Revenue and $.44 earnings per share. This beat revenue expectation by $13 million and exceeded earnings estimates by $.71.

In the last 3 years, RIOT traded as high as $20.65 and as low as $3.25.

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

RIOT has underperformed the market in the last year with a price return of -26.6% while the SPY ETF gained +7.1%. RIOT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -38.6% and -13.3%, respectively, while the SPY returned -6.6% and -4.7%, respectively.

RIOT support price is $6.10 and resistance is $6.98 (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.