Alert: Major Price Decline (12/29/23)-Riot Platforms Inc (NASDAQ: RIOT).


Riot Platforms Inc (NASDAQ: RIOT) stock suffered a major decline of -12.1% on 12/29/23. The shares closed at $15.47. Moreover, trading volume in this decline was unusually high at 196% of normal. The stock has been strong relative to the market over the last nine months but has declined -6.0% during the last week.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to be in line with the cost of capital, RIOT is expected to be Value Creation neutral.

Riot Platforms has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Riot Platforms has a neutral Appreciation Score of 60 but a good Power Rating of 77, and the Positive Value Trend Rating results.

Rating Review

In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.

Be the first to comment

Leave a Reply

Your email address will not be published.