Stock Rating Downgrade
Of late the Value Trend Rating for Riot Platforms Inc (NASDAQ: RIOT) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Riot Platforms Inc (NASDAQ: RIOT) stock declined modestly by -1.5% on 4/26/24. The stock closed at $11.93. NORMAL trading volume accompanied the decline. The stock has risen 43.9% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
RIOT is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Riot Platforms has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Riot Platforms has a slightly positive Appreciation Score of 60 and a slightly positive Power Rating of 62, producing the High Neutral Value Trend Rating.
Be the first to comment