Riot Blockchain (RIOT, Financial) is experiencing a notable increase in bullish options activity, with recent trading seeing 60,778 call options change hands, which is double the anticipated volume. This heightened interest is accompanied by a rise in implied volatility, which has increased by over two points to reach 96.05%.
The most active contracts are the weekly calls with strike prices of $7 and $7.5, set to expire on April 25th, collectively accounting for nearly 19,900 contracts. This suggests that investors are positioning themselves optimistically ahead of the company’s earnings report, which is scheduled for May 1st.
Further underscoring this bullish sentiment, the Put/Call Ratio stands at 0.22, indicating a significantly higher volume of calls relative to puts. This ratio suggests confidence among traders about the stock's potential upward movement in the near term.
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 133.88% from the current price of $7.06. 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 91.21% from the current price of $7.055. 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.
