There's a lot of hope for these stocks, but there's also a fair amount of risk. Viking Therapeutics: 99% upside That optimism stems from the hopes analysts and investors have for VK2735, a glucagon-like peptide 1 (GLP1) treatment that has been demonstrating encouraging results in clinical trials. The potential for the drug to take market share in a $100 billion anti-obesity market has made Viking an attractive speculative investment with a lot of potential upside. If one or both of those treatments obtain a ...

Halving events put a ton of pressure on inefficient crypto miners. Many people and companies generating Bitcoin data blocks with low-power hardware or high electricity costs get forced out of business in each fouryear halving cycle. When these failed mining experts step out, the high-efficiency miners that remain will get their hands on a larger percentage of the total rewards. "When those higher-cost producers fall off, [mining] difficulty adjusts and then that widens the margin again as we're mining more ...

Bitcoins golden physical coin illustration on dark black background with reflection and vibrant ... [+] color light illumination. Visual representations of the digital Cryptocurrency Bitcoin. Amsterdam, the Netherlands on March 10, 2024 (Photo by Nicolas Economou/NurPhoto via Getty Images) NurPhoto via Getty Images Riot Platforms stock (NASDAQ NASDAQ : RIOT), a Bitcoin Bitcoin mining company, trades at $11 per share, about 86% below its peak level of $78 seen in January 2021. RIOT stock was trading at aroun ...

Riot Platforms faces a tough road ahead due to the recent Bitcoin halving event, but it is looking to get bigger and more efficient.Riot Platforms (RIOT -10.51%) is one of the top Bitcoin mining companies you can invest in today. Year to date, however, the stock has been struggling, and it's down 30%. But recently the company posted some impressive earnings numbers, even turning a healthy profit. Could Riot Platforms be an underrated stock to buy right now?The company posted record numbers in Q1On May 1, Ri ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Riot Platforms, Inc. (RIOT) .Riot Platforms, Inc. currently has a ...

Investors might want to bet on Riot Platforms, Inc. (RIOT) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a chan ...

Riot Platforms, Inc. (RIOT) closed the last trading session at $10.17, gaining 1.7% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $17.60 indicates a 73.1% upside potential.The mean estimate comprises 11 short-term price targets with a standard deviation of $3.54. While the lowest estimate of $14 indicates a 37.7% increase from the current price level, the most optimistic analyst ...

CASTLE ROCK, Colo., May 06, 2024 (GLOBE NEWSWIRE) -- Riot Platforms, Inc. (NASDAQ:RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin ("BTC") mining, announces unaudited production and operations updates for April 2024. Bitcoin Production and Operations Updates for April 2024        Comparison (%) Metric April 2024 1March 2024 1April 2023 Month/MonthYear/Year Bitcoin Produced 375425639 -12%-41% Average Bitcoin Produced per Day12.513.721.3 -9%-41% Bitcoin Held 2 8,8728,4907,1 ...

For the quarter ended March 2024, Riot Platforms, Inc. (RIOT) reported revenue of $79.3 million, up 8.3% over the same period last year. EPS came in at $0.81, compared to $0.04 in the year-ago quarter.The reported revenue represents a surprise of -13.95% over the Zacks Consensus Estimate of $92.15 million. With the consensus EPS estimate being -$0.21, the EPS surprise was +485.71%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to det ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from: to: Commission file number: 001-33675 RIOT PLATFORMS, INC. (Exact name of registrant as specified in its charter) Nevada 84-1553387 (State or other jurisdic ...