How to Buy Riot Platforms Stock
Riot Platforms Inc
Riot Blockchain, Inc. , together with its subsidiaries, focuses on bitcoin mining operations in North America. It operates through Bitcoin Mining, Data Center Hosting, and Electrical Products and Engineering segments.
Riot Platforms stock last closed at $10.06, up 0.6% from the previous day, and has decreased 12.75% in one year. It has underperformed other stocks in the Capital Markets industry by 0.44 percentage points. Riot Platforms stock is currently +28.97% from its 52-week low of $7.80, and -51.28% from its 52-week high of $20.65.
At the moment, there are 288.78M shares of RIOT outstanding. The market cap of RIOT is $2.91B. In the past 24 hours, 15.96M RIOT shares were traded.
How to Buy Riot Platforms Stock
Wondering how to invest in Riot Platforms stock? Here's how.
- Decide where to buy Riot Platforms stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you decide where to buy Riot Platforms stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit money your investment account: Pick your payment method and add your information.
- Research Riot Platforms stock: The Riot Platforms ticker symbol is RIOT. Is Riot Platforms stock a good investment? Should you buy shares of RIOT? How do RIOT's underlying business fundamentals look? Do top analysts think Riot Platforms is a good buy? Why has RIOT's stock price moved recently? (Hint: Our stock market research website can help you evaluate if RIOT is a good stock to buy).
- Make your RIOT trade: Decide if you will purchase RIOT shares at the current market price or use a limit order to buy RIOT shares at a particular price.
- Monitor your RIOT position: Create a watchlist to important notifications about your investment in Riot Platforms shares.
Step 1: Decide where to buy Riot Platforms stock
You need a brokerage account in order to access the NASDAQ market and buy RIOT shares.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've selected the right brokerage, you'll need to fill out some personal information so you can invest in RIOT today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to create your new brokerage account.
- Send your details by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you've opened your account on stock apps to use, your next step is to transfer the money for your investment:
Check out the tutorial below if you need help transferring money into your investment account.
Step 4: Research Riot Platforms stock
After you have chosen the best place to buy Riot Platforms stock, it's absolutely critical to evaluate their stock before you buy, so you actually understand the risk as well as the upside.
Overview of key RIOT info
Fundamentals of Riot Platforms
WallStreetZen was built to help everyday investors do better fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on RIOT's stock page.
Is RIOT stock undervalued?
Investors use many financial metrics, analyses, models, and charts to gauge RIOT's intrinsic value.
Using relative valuations metrics:
- RIOT may be undervalued based on its P/E ratio of 11.43x, relative to Capital Markets industry P/E ratio of 15.14x
- RIOT may be undervalued based on its P/B ratio of 1.17x, relative to Capital Markets industry P/B ratio of 1.97x
- RIOT could be undervalued based on its PEG ratio of 0.66x
You can do more valuation analysis on RIOT's stock here.
RIOT Financial Health
Passed Financial Due Diligence Checks:
- RIOT has cash burn of 620546000. It has enough cash and short-term investments to cover this for at least one year.
- There are more short-term assets than long-term liabilities on the RIOT balance sheet.
- RIOT has a low debt to equity ratio of 0.06.
- RIOT profit margin has gone up from -208.9% to 76% in the past year.
- There are more short-term assets than short-term liabilities on the RIOT balance sheet.
- Total RIOT debt is lower than 5 years ago, relative to shareholder equity.
Failed Financial Due Diligence Checks:
- RIOT has $950.02M in cash and short term investments. This is not sufficient to cover its annual cash burn of $620.55M.
Do analysts think it's a good time to buy RIOT stock
Out of 7 sell side analysts who give ratings on RIOT, the consensus analyst rating on RIOT is a Strong Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Latest RIOT Analyst Upgrades/Downgrades
Martin Toner, a bottom 35% analyst from ATB Capital initiates coverage on RIOT with a buy rating and announces their RIOT price target of $20.00, on Apr 1, 2024.
Darren Aftahi, a bottom 2% analyst from Roth MKM maintains RIOT with a strong buy rating and raises their RIOT price target from $19.50 to $22.50, on Dec 7, 2023.
Roth MKM's Darren Aftahi raised their price target on Riot Platforms (NASDAQ: RIOT) by 15.4% from $19.5 to $22.5 on 2023/12/07. The analyst maintained their Strong Buy rating on the stock.
After the second Corsicana purchase order of 18 EH/s is deployed, the total for Corsicana will be about 25.7 EH, and the endpoint for FY 2025 will be about 38 EH/s, Aftahi told investors.
With a "competitive advantage" in its balance sheet and cash on hand, the analyst believes Riot can achieve its FY 2024 growth targets.
You can dive deeper into what analysts are projecting on the Riot Platforms stock forecast page.
RIOT Technical Indicators
How is RIOT performing as a company?
Last year, RIOT earnings were $217.99M. During the last 2 year, RIOT's earnings have gone up by 254.56% per year. This was faster than the Capital Markets industry average of 8.27%.
Last year, RIOT revenue was $286.74M. During the last five year, RIOT's revenue has grown by 103.21% per year. This was faster than the Capital Markets industry average of 15.78%.
Learn more about RIOT's earnings and revenue performance here.
Are RIOT insiders buying or selling the stock?
Over the past year, insiders at RIOT have sold more shares than they have bought.
Ryan D. Werner, SVP CAO of RIOT, was the latest RIOT insider to sell. They sold $390,250.00 worth of RIOT stock on Mar 15, 2024.
Learn more about who owns RIOT stock here.
Does RIOT stock generate passive income?
No, Riot Platforms doesn't provide an income stream by paying out dividends.
What others are saying about RIOT
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Make your RIOT trade
You have two main order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly sufficient. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a given dollar amount limit, place a limit order.
Hit the Open Trade button and eToro will place the order.
If you need additional help with buying stocks on eToro, watch the how to video below:
Step 6: Monitor your RIOT position
Now that you own some RIOT stock, you'll want to stay up-to-date on your new stock purchase.
Put RIOT on a watchlist to keep tabs on your RIOT stock.
RIOT Feed
How to Buy Stock in Riot Platforms
To summarize, here are the 6 steps for buying Riot Platforms stock:
- Decide where to buy Riot Platforms stock
- Open your brokerage account
- Deposit money your investment account
- Research Riot Platforms stock
- Make your RIOT trade
- Monitor your RIOT position
If you need a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to get the latest news on your new investment in Riot Platforms, hit the button below to create your watchlist.
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