Riot Blockchain (RIOT, Financial) is experiencing a notable increase in bullish option activity, with a substantial 39,417 call options traded. This figure is nearly double the anticipated volume, showcasing heightened investor interest. The implied volatility has also risen significantly by over five percentage points, reaching 94.40%.
The most actively traded options for Riot Blockchain are the 4/25 weekly 7 and 6.5 calls, which have together amassed close to 13,200 contracts in total volume. The strong preference for call options over puts is reflected in a low Put/Call Ratio of 0.10, underscoring the prevailing bullish sentiment among traders.
Investors are closely watching Riot Blockchain as the company prepares to announce its earnings on May 1st. This surge in option activity suggests that market participants are positioning themselves in anticipation of potential stock movements following the earnings release.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 13 analysts, the average target price for Riot Platforms Inc (RIOT, Financial) is $16.50 with a high estimate of $23.00 and a low estimate of $9.00. The average target implies an upside of 150.38% from the current price of $6.59. More detailed estimate data can be found on the Riot Platforms Inc (RIOT) Forecast page.
Based on the consensus recommendation from 16 brokerage firms, Riot Platforms Inc's (RIOT, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Riot Platforms Inc (RIOT, Financial) in one year is $13.49, suggesting a upside of 104.71% from the current price of $6.5899. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Riot Platforms Inc (RIOT) Summary page.
