Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Riot Platforms Inc’s current trading price is -35.68% away from its 52-week high, while its distance from the 52-week low is 89.77%. The stock’s price range during this period has varied between $6.36 and $18.75. The company, active in the Financial sector, saw a trading volume of around 26.73 million for the day, considerably higher average daily volume of 23.05 million observed over the last three months.
Riot Platforms Inc’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $18.75 on 12/27/23, and the lowest price during that time was $6.36, recorded on 09/06/24.
How Financial Performance Impacts Market Capitalization
Riot Platforms Inc (RIOT) has experienced a quarterly rise of 52.66% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.20B and boasts a workforce of 534 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 9.26, with a change in price of +2.42. Similarly, Riot Platforms Inc recorded 22,650,180 in trading volume during the last 100 days, posting a change of +25.10%.
How RIOT’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for RIOT stands at 0.01. Similarly, the long-term debt-to-equity ratio is also 0.01.
RIOT Stock Stochastic Average
As of today, the raw stochastic average of Riot Platforms Inc over the past 50 days is 57.33%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 46.75%. Additionally, the Stochastic %K and %D values for the company were 46.52% and 46.73%, respectively, over the past 20 days.
RIOT Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. This year’s metric has recorded a Price decrease of -22.04%. However, over the past six months, we’ve seen a weaker performance of 16.63%. The price of RIOT fallen by 25.10% over the last 30 days. And in the last five days, it has fallen by -0.82%.
