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Are you into investing in Riot Blockchain, a leading USA Bitcoin miner? Knowing where to buy its stock is key for smart investing. Riot Platforms Inc is in Castle Rock, Colorado1. It shines in the Bitcoin mining field for boosting its tech and capacity. Started by Jason Les in 2000, it’s become a major industry player, pulling in global investors.
Investing in Riot Blockchain lets you grab its growth and crypto market opportunities. Its stock, traded as RIOT on the NASDAQ, is easy to find. By 2025, Riot Platforms aims to mine at 41 EH/s, showing big goals in Bitcoin mining1.
Thinking about buying Riot Blockchain stock? It’s wise to study the market and expert views. In the last three months, 16 analysts have reviewed Riot Platforms. Their average price target is $18.47. The forecasts spread from a low of $15.00 to a high of $20.001. Such info is useful for understanding the stock’s potential.
Key Takeaways:
- Riot Blockchain is a top USA Bitcoin mining firm based in Castle Rock, Colorado1.
- This company is listed on the NASDAQ under the ticker symbol RIOT1.
- Riot Platforms aims to hit a mining capacity of 41 EH/s by 20251.
- Analysts target Riot Platforms stock at an average of $18.47, with estimates varying from $15.00 to $20.001.
Understanding Riot Blockchain’s value pushes us to look at the best places to buy its stock. Next, we’ll show you how to buy Riot Blockchain stock. We’ll help you make a wise investment choice.
How to Buy Riot Blockchain Stock
If you want to invest in Riot Blockchain, here’s how to start:
- Open a brokerage account: First, find a reliable online broker to trade Riot Blockchain stock. You’ll need this account.
- Fund your account: Next, add money to your brokerage account. Use any payment method you like to do this.
- Search for the ticker symbol: Now, look for Riot Blockchain using its ticker symbol, RIOT, on the trading platform.
- Choose an order type: You need to decide how you want to buy the stock. Options include market, limit, or stop orders.
- Submit your order: Then, say how many shares of Riot Blockchain you want and confirm your order details. After this, click to buy.
Buying Riot Blockchain stock is quick and easy, sometimes taking around 15 minutes. You just need the right tools and info.
You will also need a device like a smartphone or computer, internet access, an ID for verification, and a payment method for your account.
On ETrade, buying Riot Blockchain stock is simple. You can choose to buy at the market price or at a specific price. Market orders are fast, especially during trading hours.
Receiving the Bitcoin Market Journal newsletter keeps you up-to-date with the crypto world. It shares news, including what’s happening with Riot Blockchain and other digital currencies.
These steps can get you started with owning Riot Blockchain stock. This might be a good move considering the company’s growth in bitcoin mining and its role in the industry’s future2.
Top Broker Picks for Buying Riot Platforms Stock
Choosing the right broker is key when looking to buy Riot Blockchain stock. We recommend using eToro, TD Ameritrade, Interactive Brokers, Robinhood, and Charles Schwab. These are top picks that are known and trusted.
eToro and Robinhood stand out by not charging commissions on various investments. This could save you a lot of money. Meanwhile, TD Ameritrade and Charles Schwab offer free help with financial planning, making your investment choices smarter. Interactive Brokers is great for those who want a serious trading platform with many tools.
These brokers also have other useful features. For instance, they offer automatic investing services, different types of retirement accounts, and accounts that earn high interest. This means you can grow your money in various ways.
Think about what you want from a broker. Do you want a simple app to use, or do you need lots of tools for trading? Are you focused on avoiding fees or on getting detailed research? Each broker has something different to offer, so you can choose the best fit for you.
Related Posts:
Use our top broker choices for buying Riot Platforms stock. This way, you can get started with your investment knowing you’re in good hands.
| Broker | Features |
|---|---|
| eToro | Zero commissions on stocks, options, and ETFs |
| TD Ameritrade | No-cost financial planning |
| Interactive Brokers | Pro-grade platform with advanced tools |
| Robinhood | Commission-free trading |
| Charles Schwab | No-cost financial planning |
Reference:3
Latest Updates for Riot Platforms
In June 2024, Bitcoin mining stocks, like Riot Platforms, saw a boost in value. This was thanks to Bitcoin’s recovery from a low point. Despite tough market conditions, Riot Platforms is still moving forward. It shared that it made 215 bitcoins in May. This was down 68% from last year and 43% less than in April4.
This drop in production is concerning, but Riot Platforms is tackling it. They’ve ordered more mining systems from MicroBT. These new machines will ramp up their mining power in the next few months. The plan is to reach a self-mining hash rate of 41 EH/s by 2025. This shows how determined Riot Platforms is to keep up in the mining world5.
Riot Platforms recently discussed its financial trends. By June 21, 2024, it had a 38.27% loss year-to-date. It also fell by 15.11% over a year and 70.32% in three years4. These results show the company has been through tough times. But, Riot Platforms is set on bouncing back and doing well.
For anyone interested in Riot Platforms’ performance, comparing it to the S&P 500 can be insightful. Looking at how it did from year to year, Riot Platforms had a worse performance. The gap with the S&P 500 in the past year was particularly noticeable, with a 39% difference4. This info helps to understand Riot Platforms’ market position better.
Also, keeping an eye on general market trends is wise. The S&P 500 and other indexes like the Dow, Nasdaq, and Russell 2000 give clues about the market’s health. For example, the S&P 500 is currently at 5,464.624. This context is vital for assessing Riot Platforms’ place in the market.
Additionally, commodities like crude oil and gold impact the market. For instance, on the latest check, crude oil was at $80.59, slightly down. Gold prices were at $2,334.70, dropping 1.45%4. Following these prices can hint at the broader economic situation and its effects on Riot Platforms.
Recent Trending Tickers
Keeping up with trending stocks is essential. At the moment, DUOL, TGT, PLTR, ZM, and BTC-USD are drawing attention. Their current prices vary4. Watching these tickers can offer clues about new investment opportunities and industry patterns.
To wrap up, being well-informed about Riot Platforms and the market is key for potential investors. Learning about the company and its plans, as well as market trends, can guide smart decisions. Research and advice from experts are valuable steps to take in the investment process.
Is it a Good Time to Buy Riot Platforms Stock?
Investing in Riot Platforms stock (RIOT) needs careful thought. You should look at many factors and data to decide well.
Riot Platforms’ stock is now 30% lower than before6. But, in early 2024, they made lots of money. They earned $211.8 million in profit, and their earnings before interest, tax, depreciation, and amortisation was $245.7 million6. This shows they are doing well and could grow more.
Bitcoin affects Riot Platforms’ business a lot. Last quarter, the value of their Bitcoin went up by $234.1 million6. But, mining Bitcoin became more expensive, costing an extra $41.1 million6. This shows both good and tough sides of the cryptocurrency market.
Riot Platforms plans to mine more Bitcoin soon. They want to handle 31 exahashes per second by the year’s end6. This aim shows they want to lead in Bitcoin mining. Their place in Corsicana could become the biggest Bitcoin mining site in the world6.
The gap between Riot’s stock price and Bitcoin’s value worries some investors. This might be because future risks with Riot Platforms are unclear6. Though the stock is cheap today, we don’t know if the company’s earnings will keep up6.
Consult with a financial advisor before investing. It’s key to carefully review Riot Platforms’ financial situation and market conditions. This way, you can make a decision that fits your financial goals and risk level.
Analysts’ Insights: Riot Platforms Stock6
Many analysts have looked at Riot Platforms stock. They predict its price will reach $18.47 in 12 months, with a high of $20.00 and a low of $15.007. The average prediction has grown by 1.65% recently7. But, it’s important to look deeper to see if it’s a good time to invest now or not.
| Statistic | Value |
|---|---|
| Current Price | $9.55 |
| Price Prediction | $9.63 (0.82% increase) |
| Fear & Greed Index | 39 (Fear) |
| Volatility | 4.25% |
| Green Days in the Last 30 Days | 47% |
| 14-day RSI | 52.21 |
| 50-day SMA | $10.14 |
| 200-day SMA | $11.64 |
| Price Forecast by June 28, 2024 | $9.63 (0.82% increase) |
| Price Forecast for 2025 | $28.11 (194.36% increase) |
| Price Forecast for 2030 | $6,212.40 (64,951.32% growth) |
| Current Trading Status | 0.81% below the forecasted value |
| Long-term Growth Prediction | Significantly high increases annually up to 2030 |
| Next-day Forecast | 0.84% increase |
| Forecast for Next 7 Days | -4.90% decrease |
| Price Performance Last Year | -18.10% (underperforming Bitcoin by -61.10% and Ethereum by -56.23%) |
Considering all these stats and analyst views, deep research is crucial. Make sure to align your investment goals with your findings regarding Riot Platforms stock.
Sources:
- Statistical data from Link 1
- Statistical data from Link 2
- Statistical data from Link 3
Riot Platforms Stock Valuation
Riot Platforms Inc started as Riot Blockchain Inc in Castle Rock, Colorado1. It became Riot Platforms as part of a bigger look towards blockchain. This change happened in January 2023. The company also shifted its focus to use cleaner, more affordable energy for Bitcoin mining.
For the Riot Platforms stock value, several factors matter. The price/earnings ratio (P/E) sits at about 25 times1. This is higher than the usual in U.S. stock markets. With an EBITDA of $238.4 million1, the company shows its strong financial position.
Looking at the stock’s past trends is wise for investors. Riot Platforms has been quite up and down in the last two years, gaining 87.62% in performance1. However, in the recent six months, it faced a big drop of 42.99%1. Remember, though, that what’s happened in the past might not repeat in the future.
The stock is traded on the NASDAQ as RIOT1. Its last known price was $9.558. This number went down by 18.24% in a year8. In comparison with other stocks in the industry, it’s lagging behind slightly by 0.43 percentage points8. Yet, remember to look at the bigger picture and do thorough research before making any investment choices.
How to Sell Riot Platforms Stock
If you’re looking to sell your Riot Platforms stock, follow these steps. This way, you can make the process smooth. Here’s how to do it:
- First, check your investment goals and the market. Make sure selling your Riot Platforms stock fits with your plans1.
- Next, log in to your brokerage app or portal. Go to the section where you manage your stocks. Choose how much Riot Platforms stock you want to sell1.
- Keep an eye on Riot Platforms’ current stock price. Knowing this helps you decide when to sell8.
- Think about how you want to sell your stock. Most platforms offer different methods. Using a debit card can make things easier8.
Before you sell, double-check all details. Ensure everything you’ve entered is correct. Choosing the right selling price can help you get the most out of your sale8.
Selling Riot Platforms stock can grow your investment or earn you profit. But, it’s important to understand the market and your goals. It might also be wise to speak with a financial advisor. They can help you make the best choice on when and how to sell8.
By following these easy steps and staying informed, you can sell your Riot Platforms stock well. Make sure to keep up with the market and get advice when you need it. This will help you secure your financial future.
Key Statistical Data for Riot Platforms Stock
| Stock Performance | Value |
|---|---|
| Last Closing Price | $9.55 |
| 1-Year Decrease | 18.24% |
| Performance vs. Industry | -0.43% |
| 52-Week Low | $7.80 |
| 52-Week High | $20.65 |
| Shares Outstanding | 288.78M |
| Market Cap | $2.76B |
| 1-Week Percentage Change | -9.31% |
| 5-Year Percentage Change | 247.27% |
| P/E Ratio | 10.85x |
| P/B Ratio | 1.11x |
| P/S Ratio | 8.64x |
| Revenue | $286.74M |
| Net Income | $217.99M |
| Forecasted Revenue Growth | 46.77% |
| Forecasted Earnings Growth | -62.3% |
Reference:8
Buying Riot Platforms Stock from Brokers
There are many ways to buy Riot Platforms stock from brokers. You should compare different brokers. Look at what types of assets they offer, their minimum deposits, and their trade fees.
Choose a broker that fits your investment style. Make sure they have the features you want. You should also check they are safe and have good customer support.
Comparison of Top Brokers
| Broker | Asset Types | Minimum Deposit | Stock Trade Fees | Additional Incentives |
|---|---|---|---|---|
| Broker A | Stocks, Options, ETFs, Cryptocurrencies | $500 | $7 per trade | Cash sweep APY, Signup Bonus |
| Broker B | Stocks, Options, Futures, Treasury Bills | $1,000 | $5 per trade | Commission-free trading on specific assets |
| Broker C | Stocks, Options, Cryptocurrencies | No minimum deposit | $10 per trade | Ease of use, user-friendly trading platform |
It’s important to think about these things when picking a broker. Compare what different brokers offer. Look at their fees and conditions closely.
Once you find the right broker, you can start investing in Riot Platforms stock. This could lead you to exciting growth and opportunities.
Reference:1
Conclusion
When thinking about buying Riot Platforms stock, it’s key to look at their finances and what’s happening in their industry (source). RIOT hasn’t grown as much as others in its field. Yet, it has seen growth in revenue and earnings9. Riot Platforms is also doing better over the long term and financially10. But, remember that the crypto market can be up and down, with its own set of risks11.
Before you invest, check the company’s numbers and what it’s worth compared to its earnings11. It’s good to keep up with what experts are saying too, to guide your decisions9. They think if Bitcoin goes up to $50,000, Riot Platforms might do really well11.
It’s just as important to pick a good place to buy the stock, like a trusted broker (source). Keep an eye on your investment and be ready to change track if needed. Think hard about what you want from this investment and how much risk you can handle (source).
If you do your homework and know the risks, Riot Platforms stock could be a good chance for growth in the digital money world.
source
FAQ
Where can I buy Riot Blockchain stock?
You can buy Riot Blockchain stock on different brokerage platforms. These include eToro, TD Ameritrade, Interactive Brokers, Robinhood, and Charles Schwab. They all have different services to fit what you need.
How do I buy Riot Blockchain stock?
First, you need to open a brokerage account. Then, fund your account and search for RIOT. Next, pick an order and submit. This takes about 15 minutes and you need a computer or smartphone, internet, your ID, and a payment method.
What are the top broker picks for buying Riot Platforms stock?
Our top picks for buying stock are eToro, TD Ameritrade, Interactive Brokers, Robinhood, and Charles Schwab. They offer things like zero commissions, no-cost planning, and more. You can look into each to see which fits your needs best.
What are the latest updates for Riot Platforms?
In June 2024, Riot Platforms made 215 bitcoins in May. This is down 68% from last year. They’ve ordered more mining systems for a bigger capacity in 2025.
Is it a good time to buy Riot Platforms stock?
Analysts’ opinions on Riot Platforms vary. The stock’s average price target for 12 months is .47. It’s good to check the technicals and fundamentals to decide if it’s good to buy now.
What is the valuation of Riot Platforms stock?
Riot Platforms has a high P/E ratio of 25x. Its EBITDA is 8.4 million. It’s key to look at these factors and the company’s overall financial health before investing.
How do I sell Riot Platforms stock?
If you have stock, you can sell it via your investment app online. Find your shares, select how many to sell, and confirm. Use your debit card with most providers to sell shares. Before selling, check the stock price, market, and your goals.
How can I buy Riot Platforms stock from brokers?
To buy through brokers, compare the asset types, fees, and minimum deposits. Some brokers offer perks like bonuses, easy platforms, and good trading experiences. Choose one that matches your investment style.
What should I consider before buying Riot Platforms stock?
Before you invest, do your homework and set clear goals. Be aware of the risks. Make sure to understand the company’s performance closely. Choose a reliable broker platform. Keep an eye on your investment and adjust as needed.
Source Links
- https://www.finder.com/stock-trading/tech-stocks/buy-riot-blockchain-stock – How to buy Riot Platforms stock (RIOT)
- https://www.bitcoinmarketjournal.com/buy-riot-stock/ – How to Buy Riot Blockchain Stock, Step by Step (with Screenshots) – Bitcoin Market Journal
- https://www.benzinga.com/money/how-to-buy-riot-blockchain-inc-riot-stock – How to Buy Riot Blockchain Inc. (RIOT) Stock Right Now • Benzinga
- https://finance.yahoo.com/quote/RIOT/news/ – Riot Platforms, Inc. (RIOT) Latest Stock News & Headlines – Yahoo Finance
- https://www.riotplatforms.com/riot-announces-april-2024-production-and-operations-updates/ – Riot Announces April 2024 Production and Operations Updates
- https://www.fool.com/investing/2024/05/11/is-riot-blockhain-stock-a-no-brainer-buy-after-pos/ – Is Riot Platforms Stock a No-Brainer Buy After Posting Record Numbers? | The Motley Fool
- https://coincodex.com/stock/RIOT/price-prediction/ – Riot Blockchain (RIOT) Stock Forecast & Price Prediction 2025, 2030 | CoinCodex
- https://www.wallstreetzen.com/how-to-buy-riot-platforms-stock – How to Buy Riot Platforms Stock: Invest in RIOT Shares Today (Jun 23, 2024)
- https://www.nasdaq.com/articles/should-you-buy-riot-platforms-riot-ahead-of-q1-earnings – Should You Buy Riot Platforms (RIOT) Ahead of Q1 Earnings?
- https://www.nasdaq.com/articles/coin-vs.-riot:-which-crypto-stock-is-the-better-buy – COIN vs. RIOT: Which Crypto Stock is the Better Buy?
- https://www.kavout.com/blog/comparative-analysis-of-two-crypto-stocks-coin-and-riot/ – Comparative Analysis of Two Crypto Stocks: COIN and RIOT – Kavout
