Riot Platforms Inc (NASDAQ: RIOT) is set to report its fourth-quarter earnings on February 26, 2025. With Wall Street anticipating an earnings per share (EPS) of 11 cents and revenues of $134.78 million, investors are eager to see if the stock can recover from its recent struggles. Can RIOT turn things around, or will bearish Trends continue to weigh it down?
- Riot Platforms Inc. reports Q4 earnings Monday.
- Expected EPS: 11 cents; revenues: $134.78 million.
- Stock down 39.78% over the past year.
- Bearish pressure indicated by moving averages.
- Analysts project 70% upside potential.
- Current consensus rating: Buy, price target $16.51.
Riot Platforms Stock Faces Challenges Before Q4 Earnings Release
What does the future hold for Riot stock as it approaches its earnings report? Currently trading at $10.46, the stock has fallen 39.78% over the past year, despite a recent six-month surge of 25.12%. Investors are questioning whether the upcoming earnings will provide a much-needed boost or signal further decline.
Key Indicators Suggest Bearish Sentiment for Riot Stock
Riot Platforms is experiencing significant bearish pressure. The stock is trading below crucial moving averages, indicating a downtrend. Here are some key indicators to consider:
- Current share price: $10.46, below 5, 20, and 50-day moving averages.
- Recent MACD reading of -0.21 indicates a short-term bearish outlook.
- RSI at 38.5 suggests the stock is nearing oversold territory.
- Long-term support at the 200-day moving average of $10.21.
Analysts Forecast Potential Upside for Riot Stock
Despite the current bearish trends, analysts remain optimistic about Riot Platforms. The consensus rating is a ‘Buy,’ with a price target averaging $16.51. Notable firms like Needham and JPMorgan suggest a possible 70% upside. This optimism could attract investors looking for recovery opportunities.
Investing in Riot Platforms: Risks and Rewards
Investing in Riot Platforms comes with its set of risks and rewards. While the stock has shown volatility, the potential for recovery remains. Key points to consider include:
- Bearish trends could continue if earnings disappoint.
- Positive analyst ratings suggest long-term growth potential.
- Market sentiment may shift based on Q4 performance.
- Investors should monitor technical indicators closely.
In conclusion, Riot Platforms faces a pivotal moment as it reports its Q4 earnings. With significant risks and potential rewards, investors should remain vigilant and informed about the stock’s performance.
