In a recent transaction, Milton C. Ault III, the Chief Executive Officer of RiskOn International, Inc. (OTC:ROII), has purchased additional shares of the company. The transaction, which took place on April 24, 2024, involved Ault acquiring 43,147 shares at a price of $0.0201 per share, amounting to a total investment of $867.
This purchase has increased Ault's indirect ownership in the company through Ault Lending, LLC, a wholly owned subsidiary of Ault Alliance, Inc. As the Executive Chairman of Ault Alliance, Ault is considered to have voting and investment power over the shares held by Ault Lending. Following the transaction, Ault Lending, LLC holds a total of 844,492 shares of RiskOn International.
Additionally, it is noted that Ault is also the CEO of Ault & Company, Inc., which holds 42,000 shares, and he is deemed to beneficially own these shares as well.
The recent acquisition by the CEO reinforces his stake in the company and may signal confidence in the future prospects of RiskOn International. The company, which has undergone several name changes in the past, is currently operating in the computer processing and data preparation industry.
Investors often keep a close eye on insider transactions such as this, as they can provide insights into the executive's view of the company's value and potential. It's worth noting that insider purchases are subject to strict regulatory reporting and are publicly disclosed to ensure transparency in the markets.
InvestingPro Insights
In light of the CEO's recent share purchase, a look at the real-time data from InvestingPro provides a deeper understanding of RiskOn International, Inc.'s (OTC:ROII) financial health and market performance. The company currently holds a market capitalization of $0.33 million USD, indicating a relatively small size in the industry. Despite a remarkable revenue growth of 3032.58% in the last twelve months as of Q3 2024, RiskOn International faces significant challenges with a gross profit margin of -699.69%, reflecting costs that far exceed revenues.
Moreover, the stock's price volatility is notable, with a 10.69% return over the last week, yet a substantial decline of 35.44% over the last month and an even more drastic 88.31% drop over the last three months. This aligns with one of the InvestingPro Tips, which states that the stock generally trades with high price volatility. Another relevant InvestingPro Tip for investors to consider is that the company holds more cash than debt on its balance sheet, which could provide some financial flexibility in the short term.
For those interested in a comprehensive analysis, InvestingPro offers additional insights, including a total of 15 InvestingPro Tips for RiskOn International. To access these valuable tips and more in-depth data, you can visit InvestingPro's ROII page. Remember to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, enriching your investment strategy with expert guidance.
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