Riot Platforms Inc (NASDAQ: RIOT) has reported a loss for its third fiscal quarter (ending September 30) of $-0.25 versus a loss $-0.24 for the same period a year ago. Relative to the consensus estimate of $-0.20, this was a shortfall of $-0.05. E.P.S. were $-1.76 for the latest four quarters through September 30 versus $-2.82 for the same period a year ago.
Recent Price Action
Riot Platforms Inc (NASDAQ: RIOT) stock rose modestly by 0.5% on 11/7/23. The stock closed at $11.07. The stock has been exceptionally strong relative to the market over the last nine months and has risen 15.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be below the cost of capital, RIOT is expected to be a modest Value Eraser.
Riot Platforms has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Riot Platforms has a good Appreciation Score of 70 and a very high Power Rating of 99, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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