One such robot, developed by Day Trader: High Volatility Stocks for Active Trading (TA&FA) and deployed in Tickeron's robot factory, recently showcased remarkable performance by generating a 5.41% return for RIOT over a week. However, an analysis of the 10-day Relative Strength Index (RSI) indicator suggests a potential shift in RIOT's trend, prompting traders to consider selling the stock or exploring put options. In addition to this technical analysis, we will delve into RIOT's recent earnings report, highlighting the company's financial performance and market capitalization.
Analyzing the Technical Indicators: On April 19, 2023, the 10-day RSI indicator for RIOT moved out of the overbought territory. This development signals a potential transition from an upward trend to a downward trend. Traders who rely on technical analysis often consider such a shift as an opportunity to take appropriate action. Tickeron's A.I.dvisor, a sophisticated AI tool, has examined 34 instances where the RSI indicator moved out of the overbought zone, revealing that in 31 of those cases, the stock subsequently experienced a decline. Based on this historical data, the odds of RIOT moving down are estimated to be around 90%.
Implications for Traders: Given the potential shift in RIOT's trend, traders are advised to carefully evaluate their positions. Selling the stock or considering put options could be viable strategies to mitigate potential losses or capitalize on the anticipated downward movement. It is crucial for traders to conduct further analysis and consult with financial professionals to make informed decisions based on their risk appetite and market outlook.
Earnings Report Highlights: The most recent earnings report for RIOT was released on May 10, providing valuable insights into the company's financial performance. Notably, the earnings per share (EPS) stood at 3 cents, surpassing the estimated -15 cents. This positive earnings surprise indicates that RIOT performed better than expected during the reported period. With 14.07 million shares outstanding, the current market capitalization for RIOT is approximately 1.94 billion dollars.
The AI trading robot developed by Day Trader: High Volatility Stocks for Active Trading (TA&FA) demonstrated exceptional performance, generating a notable 5.41% return for RIOT over a week. However, the 10-day RSI indicator's movement out of the overbought territory suggests a potential shift in RIOT's trend from upward to downward. Traders are advised to consider selling the stock or exploring put options, given the historical data indicating a high probability of a downward move. Furthermore, RIOT's recent earnings report revealed a positive earnings surprise, indicating better-than-expected financial performance. As traders navigate the evolving market conditions, it is crucial to stay informed, conduct thorough analysis, and seek expert advice to make well-informed investment decisions.
RIOT saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on April 21, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 44 instances where the indicator turned negative. In of the 44 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
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 Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 62 cases where RIOT's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on May 25, 2023. You may want to consider a long position or call options on RIOT as a result. In of 71 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where RIOT advanced for three days, in of 242 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 196 cases where RIOT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. RIOT’s price grows at a higher 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 (1.751) is normal, around the industry mean (3.566). P/E Ratio (75.188) is within average values for comparable stocks, (36.150). RIOT's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (2.242). RIOT has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.038). P/S Ratio (6.570) is also within normal values, averaging (105.288).
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 78, 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.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows