The headline numbers for Riot Platforms, Inc. (RIOT) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Riot Platforms, Inc. (RIOT) came out with a quarterly loss of $0.32 per share versus the Zacks Consensus Estimate of a loss of $0.16. This compares to loss of $0.17 per share a year ago.
Recently, Zacks.com users have been paying close attention to Riot Platforms, Inc. (RIOT). This makes it worthwhile to examine what the stock has in store.
Riot Platforms, Inc. (RIOT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
In the latest trading session, Riot Platforms, Inc. (RIOT) closed at $12.24, marking a +1.75% move from the previous day.
Riot Platforms (RIOT) appears less attractive compared to other investment opportunities in the cryptocurrency space, including direct investment in Bitcoin.
In the most recent trading session, Riot Platforms, Inc. (RIOT) closed at $9.16, indicating a +0.22% shift from the previous trading day.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Riot Platforms, Inc. (RIOT) closed at $9.20 in the latest trading session, marking a -0.11% move from the prior day.
Riot has scaled up its Bitcoin mining during the past several years. But its capital-intensive business model, exposure to inflationary headwinds, and constant dilution make it an unappealing alternative to Bitcoin.
Viking Therapeutics and Riot Platforms are two speculative investments analysts are bullish on. Viking doesn't have an approved product yet but VK2735 has been demonstrating encouraging results in clinical trials.
The Bitcoin halving event in April has reduced mining rewards by half, impacting all Bitcoin miners, including Riot Platforms. The 2020 halving forced inefficient miners out of the market, benefiting high-efficiency miners like Riot by increasing their share of total rewards.