Riot Platforms, Inc. (RIOT) concluded the recent trading session at $7.76, signifying a -0.77% move from its prior day's close.
With Riot Platforms' shares recently declining, we assess the stock's current standing to determine if it offers a compelling investment opportunity.
Riot Platforms' revenue rose to $376M, driven by Bitcoin's price surge, but Bitcoin production fell, and mining costs surged, impacting profitability. Riot's core operating income remains negative, and high SG&A costs and rising mining expenses raise questions about its long-term sustainability without an appreciation in the Bitcoin price. The company's heavy reliance on stock-based compensation and equity dilution raises concerns about shareholder value. Given its subjectively poor performance, it is unclear why stock compensation is so high.
Shares of Riot Platforms Inc RIOT tanked in early trading on Tuesday, despite the company reporting a revenue beat for fiscal 2024.
While the top- and bottom-line numbers for Riot Platforms, Inc. (RIOT) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Riot Platforms, Inc. (NASDAQ:RIOT ) Q4 2024 Earnings Conference Call February 24, 2025 4:30 PM ET Company Participants Phil McPherson - Vice President, Capital Markets & Investor Relations Jason Les - Chief Executive Officer Colin Yee - Executive Vice President & Chief Financial Officer Jason Chung - Executive Vice President, Corporate Development & Strategy Conference Call Participants Greg Lewis - BTIG Nick Giles - B. Riley Securities Darren Aftahi - ROTH MKM Brett Knoblauch - Cantor Fitzgerald Reggie Smith - JPMorgan Mike Colonnese - H.C.
Riot Platforms, Inc. (RIOT) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of a loss of $0.27 per share. This compares to earnings of $0.48 per share a year ago.
RIOT's fourth-quarter 2024 revenues are likely to increase year over year.
In the closing of the recent trading day, Riot Platforms, Inc. (RIOT) stood at $11.60, denoting a +0.35% change from the preceding trading day.
Riot Platforms, Inc. (RIOT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Riot Platforms, Inc. (RIOT) reachead $12.27 at the closing of the latest trading day, reflecting a +0.33% change compared to its last close.
Riot Platforms, Inc. (RIOT) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.