How to Buy Riot Platforms (RIOT) Stock

Riot Platforms Inc is a bitcoin mining company headquartered in Castle Rock, Colorado. The company engages in proof-of-work mining and focuses on expanding its operations by increasing its Bitcoin mining hash rate and infrastructure capacity. Founded by Jason Les in 2000, Riot Platforms is one of the largest U.S. based publicly-traded Bitcoin miners in North America. The company rebranded in January 2023, changing its name from Riot Blockchain Inc to its current name, Riot Platforms Inc. The stock is listed on the NASDAQ under ticker symbol RIOT.

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Riot Platforms stock price (NASDAQ: RIOT)

Is it a good time to buy Riot Platforms stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Is Riot Platforms stock undervalued or overvalued?

Valuing Riot Platforms stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Riot Platforms's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Riot Platforms's P/E ratio

Riot Platforms's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 30x. In other words, Riot Platforms shares trade at around 30x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Riot Platforms's EBITDA

Riot Platforms's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $508.6 million.

The EBITDA is a measure of a Riot Platforms's overall financial performance and is widely used to measure a its profitability.

Riot Platforms share dividends

We're not expecting Riot Platforms to pay a dividend over the next 12 months.

Have Riot Platforms's shares ever split?

Riot Platforms's shares were split on a 1:8 basis on 30 March 2016 . So if you had owned 8 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Riot Platforms shares – just the quantity. However, indirectly, the new 700% higher share price could have impacted the market appetite for Riot Platforms shares which in turn could have impacted Riot Platforms's share price.

Riot Platforms share price volatility

Over the last 12 months, Riot Platforms's shares have ranged in value from as little as $6.19 up to $23.935. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Riot Platforms's is 3.831. This would suggest that Riot Platforms's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Riot Platforms overview

Riot Platforms, Inc. , together with its subsidiaries, operates as a Bitcoin mining company in the United States. The company operates in two segments, Bitcoin Mining and Engineering. It offers comprehensive and critical infrastructure for institutional-scale Bitcoin mining facilities in Rockdale and Navarro counties, Texas; and two Bitcoin mining sites in Paducah, Kentucky. The company also designs and manufactures power distribution equipment and custom engineered electrical products; and electricity distribution product design, manufacturing, and installation services for large-scale commercial and governmental customers, as well as data center, power generation, utility, water, industrial, and alternative energy markets. The company was founded in 2000 and is based in Castle Rock, Colorado. .

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