On November 18, 2024, Hannah Cho, a Director at Riot Platforms Inc (RIOT, Financial), sold 10,025 shares of the company, as reported in a SEC Filing. Following this transaction, the insider now owns 71,265 shares of the company.
Riot Platforms Inc is a company engaged in cryptocurrency mining operations. The company focuses on supporting the Bitcoin blockchain through rapidly expanding large-scale mining in the United States.
Over the past year, Hannah Cho has sold a total of 52,886 shares and has not purchased any shares. The insider transaction history for Riot Platforms Inc indicates that there have been no insider buys in total over the past year, while there have been seven insider sells during the same period.
As of the date of the recent sale, shares of Riot Platforms Inc were trading at $12.57 each, giving the stock a market cap of $4.037 billion. The company's price-earnings ratio stands at 60.75, which is higher than the industry median of 18.99 but lower than the company's historical median price-earnings ratio.
With a trading price of $12.57 and a GF Value of $8.22, Riot Platforms Inc has a price-to-GF-Value ratio of 1.53, indicating that the stock is significantly overvalued based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples, a GuruFocus adjustment factor, and future estimates of business performance from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
