A Closer Look: Trader Robot's Strategy Nets +5.49% Return on RIOT Last Week
One such example is the Swing trader: Deep Trend Analysis v.2 (TA) bot, which has recently showcased its prowess by generating a remarkable +5.49% gain while trading RIOT over the course of the previous week. This article will delve into the earning results of RIOT and analyze the implications for future growth.
Impressive Performance of RIOT Stock:
RIOT, a notable player in the cryptocurrency mining industry, has experienced a positive trend in recent days. The stock has been moving higher for three consecutive days, a pattern that is generally perceived as a bullish sign. This upward movement suggests that investors should keep a close watch on RIOT for potential future growth opportunities.
Historical Data Analysis:
To gain further insight into the potential future trajectory of RIOT, it is valuable to examine historical data. Based on previous instances where RIOT exhibited a three-day upward trend, statistics reveal that in 220 out of 245 cases, the price continued to rise within the following month. This data indicates a remarkable 90% probability of a sustained upward trend for RIOT in the near future.
Earnings Report Highlights:
The most recent earnings report for RIOT, released on May 10, exceeded expectations, showcasing the company's solid financial performance. The earnings per share (EPS) stood at 3 cents, surpassing the estimated value of -15 cents. This positive earnings surprise demonstrates RIOT's ability to outperform market expectations and signifies its robust financial health.
Market Capitalization: With 40.90 million shares outstanding, RIOT currently boasts a market capitalization of approximately 2.76 billion dollars. The market capitalization is a crucial metric that reflects the total value of a company's outstanding shares. RIOT's substantial market capitalization indicates the market's confidence in the company's prospects and underscores its position as a key player in the cryptocurrency mining industry.
Summary:
The AI trading robots, specifically the Swing trader: Deep Trend Analysis v.2 (TA) bot, have demonstrated their capabilities by achieving a notable gain while trading RIOT. The consecutive upward movement of RIOT's stock over three days and the historical analysis of similar patterns further reinforce the potential for sustained growth. Moreover, RIOT's recent earnings report, where it exceeded expectations, solidifies the company's strong financial performance. With a substantial market capitalization, RIOT continues to be an enticing investment opportunity for traders seeking exposure to the cryptocurrency mining industry.
Momentum Indicator for RIOT turns negative, indicating new downward trend
RIOT saw its Momentum Indicator move below the 0 level on September 13, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 74 similar instances where the indicator turned negative. In of the 74 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where RIOT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for RIOT entered a downward trend on September 29, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where RIOT's RSI Indicator exited the oversold zone, of 39 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 7 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
The Moving Average Convergence Divergence (MACD) for RIOT just turned positive on September 28, 2023. Looking at past instances where RIOT's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RIOT advanced for three days, in of 251 cases, the price rose further within the following month. The odds of a continued upward trend are .
RIOT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. RIOT’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.408) is normal, around the industry mean (4.692). P/E Ratio (75.188) is within average values for comparable stocks, (35.630). RIOT's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.321). RIOT has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.035). P/S Ratio (5.841) is also within normal values, averaging (129.898).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. RIOT’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock worse than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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RIOT and
Correlation & Price change
A.I.dvisor indicates that over the last year, RIOT has been closely correlated with MARA. These tickers have moved in lockstep 86% of the time. This A.I.-generated data suggests there is a high statistical probability that if RIOT jumps, then MARA could also see price increases.
| Ticker / NAME | Correlation To RIOT | 1D Price Change % | ||
|---|---|---|---|---|
| RIOT | 100% | -1.06% | ||
| MARA - RIOT | 86% Closely correlated | -0.82% | ||
| HUT - RIOT | 81% Closely correlated | -1.51% | ||
| MSTR - RIOT | 79% Closely correlated | -0.31% | ||
| CLSK - RIOT | 78% Closely correlated | -1.30% | ||
| BITF - RIOT | 75% Closely correlated | -2.29% | ||
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