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 $12.27, up 0.33% from the previous day, and has decreased 30.36% in one year. It has underperformed other stocks in the Capital Markets industry by 0.79 percentage points. Riot Platforms stock is currently +93.08% from its 52-week low of $6.36, and -33.17% from its 52-week high of $18.36.

At the moment, there are 332.33M shares of RIOT outstanding. The market cap of RIOT is $4.08B. In the past 24 hours, 21.6M RIOT shares were traded.

How to Buy Riot Platforms Stock

Wondering how to invest in Riot Platforms stock? Here's how.

  1. 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.
  2. Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Deposit money your investment account: Pick your payment method and add your information.
  4. 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).
  5. 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.
  6. 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.

A brokerage account is an investment account that enables you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 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.

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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.

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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

RIOT Price
$12.27
1w %
5.41%
1y %
-30.36%
5y %
648.17%
P/E
27.89x
P/B
1.48x
P/S
11.23x
PEG
0.45x
Revenue
$312.91M
Earnings
$52.19M
Fore. Rev. Growth
53.04%
Fore. Earn. Growth
N/A
Market Cap
$4.08B
Next Earnings
Feb 20, 2025
Next Dividend
N/A

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 27.89x, relative to Capital Markets industry P/E ratio of 29.56x
  • RIOT may be undervalued based on its P/B ratio of 1.48x, relative to Capital Markets industry P/B ratio of 2.48x
  • RIOT could be undervalued based on its PEG ratio of 0.45x

You can do more valuation analysis on RIOT's stock here.

RIOT Financial Health

Passed Financial Due Diligence Checks:

  • RIOT profit margin has gone up from -95.1% to 16.7% in the past 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.
  • 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 cash burn of 810351000. It does not have enough cash and short-term investments to cover this.
  • RIOT has $754.89M in cash and short term investments. This is not sufficient to cover its annual cash burn of $810.35M.

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

Mike Colonnese, a top 3% analyst from HC Wainwright & Co. reiterates RIOT with a buy rating and maintains their RIOT price target from $17.00 to $17.00, on Oct 31, 2024.

Brett Knoblauch, a top 18% analyst from Cantor Fitzgerald reiterates RIOT with a strong buy rating and maintains their RIOT price target from $22.00 to $22.00, on Oct 3, 2024.

You can dive deeper into what analysts are projecting on the Riot Platforms stock forecast page.

RIOT Technical Indicators

SMA10
11.77
SMA20
12.05
SMA50
12.04
SMA100
11.06
SMA200
10.18
MACD
-0.09
MACD Signal
-0.09
MACD Histogram
0
RSI
53.13
Stochastic %K
59.7
Stochastic %D
37.4
StochRSI %K
68.48
StochRSI %D
39.13

How is RIOT performing as a company?

Last year, RIOT earnings were $52.19M. During the last 3 year, RIOT's earnings have gone up by 85.71% per year. This was faster than the Capital Markets industry average of 11.4%.

Last year, RIOT revenue was $312.91M. During the last five year, RIOT's revenue has grown by 111.91% per year. This was faster than the Capital Markets industry average of 19.16%.

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.

Jason Les, CHIEF EXECUTIVE OFFICER of RIOT, was the latest RIOT insider to sell. They sold $567,000.00 worth of RIOT stock on Dec 10, 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

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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.

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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:

  1. Decide where to buy Riot Platforms stock
  2. Open your brokerage account
  3. Deposit money your investment account
  4. Research Riot Platforms stock
  5. Make your RIOT trade
  6. Monitor your RIOT position

If you need a brokerage, eToro is our favorite option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get the latest news on your new investment in Riot Platforms, hit the button below to create your watchlist.

NASDAQ: RIOT
$12.27+0.04 (+0.33%)
Updated Feb 14, 2025
Open eToro Account
Your capital is at risk.
NASDAQ: RIOT
$12.27+0.04 (+0.33%)
Updated Feb 14, 2025
Open eToro Account
Your capital is at risk.

FAQ

How much does it cost to buy one Riot Platforms share?

As of Feb 14, 2025, it costs $12.27 to buy one share of Riot Platforms stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $6, you can buy 0.489 shares of RIOT.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Riot Platforms stock?

According to 7 Wall Street analysts who monitor Riot Platforms, their consensus recommendation is to buy Riot Platforms stock.

What is the best way to buy Riot Platforms stock?

One way to place an order for Riot Platforms stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.