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Riot Platforms Stock Soars: Is It a Buy?

Bryce TuoheyAvatar
Written by Bryce Tuohey Reviewed by Tim Sykes Fact-checked by Matt Monaco
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Riot Platforms Inc.’s stock price surge is likely driven by recent news of a strategic acquisition enhancing its blockchain capabilities, further cementing its position in the cryptocurrency mining space. On Friday, Riot Platforms Inc.’s stocks have been trading up by 6.81 percent.

Key Highlights From Recent News

  • Exciting news sprouted with Riot Platforms announcing new board members skilled in AI/HPC, real estate, and data centers, grabbing attention for potential growth and strategic changes.

Candlestick Chart

Live Update At 17:20:53 EST: On Friday, February 28, 2025 Riot Platforms Inc. stock [NASDAQ: RIOT] is trending up by 6.81%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

  • Roth MKM reiterated a Buy rating for Riot Platforms, spotlighting its unnoticed potential in HPC/AI sectors, and keeping a $20 price target based on Q4 results.

  • Riot Platforms’ full-year 2024 results reveal a profitability turnabout with per-share earnings of $0.34, contrasting their prior year’s loss of $0.28 per share. Revenue increased to $376.7M, crowning expectations.

  • The stormy surge of Bitcoin’s price, gliding over $104,000, carries favorable waves across crypto-aligned entities like Riot, MicroStrategy, and Coinbase, stirring investor interest.

  • Riot Platforms’ Fiscal 2024 showcased robust momentum, with adjusted EBITDA soaring to $463.2M from $214M, igniting curiosity about its operational proficiency and growth avenues.

Riot Platforms’ Sunset Moment: Earnings Breakdown

As millionaire penny stock trader and teacher Tim Sykes, says, “Small gains add up over time; focus on building wealth gradually, not chasing jackpots.” This idea is central to the mindset of successful traders who understand that accumulating wealth through smart and consistent trading strategies is more sustainable than chasing after high-risk, high-reward trades. Patience and discipline are key traits that separate successful traders from those who often experience significant losses due to impulsive decisions. By taking the time to develop and refine strategies, traders can build their portfolios steadily, ensuring long-term success in the trading business.

Riot Platforms, known for Bitcoin mining, held the recent spotlight with its intriguing financial ballet for the fiscal year 2024. With a staggering ascend in revenues to $376.7M, outperforming market expectations of $369.9M, it left investors buoyant. This mining behemoth has switched gears, ramping up adjusted EBITDA from $214M to a more formidable $463.2M. Converting losses into gains with $0.34 earnings per share, investors’ brows have lifted in curiosity.

Running through the fields of chess-like moves, Riot Platforms has increased its reach, enhancing Bitcoin possession and broadening into the AI sector. Recent high-level appointments signal a stride towards uncharted territories. Fluctuations of Bitcoin and the company’s nimble tactics play a key part in its future destiny.

More Breaking News

However, one cannot tread through Riot’s realm without acknowledging the cautious backdrop. As uncertainties shadow over the crypto universe, the organization’s total debt-to-equity ratio dwarfs at 0.01, suggesting manageable debts against existing equity. An asset turnover of merely 0.1 can be a leaning reminder of cautious joyrides in this volatile domain. Despite these inflections, Riot’s quick ratio stands tall at 4.5, solidifying its standing ground even when storms hit.

Analyzing the Rapid Uptick

Riot Platforms has been a vessel on the tumultuous waters of the stock market, reflecting Bitcoin’s rhythm. News ripples have been plentiful, starting with Bitcoin’s fiery ascendant drama leading up to $104,000. This rocket-like rise instigated investor excitement toward firms immersed in cryptocurrencies. Riot, seizing the moment, harmonized with this crescendo, experiencing an influx in its stock value.

Roth MKM’s unwavering faith expressed through the Buy rating uncovers the hidden gems in the company’s AI ambitions. The renewed focus and strategic maneuvers of Riot Platforms, exemplified by roping in directors with AI, data center, and real estate acumen, bolster confidence among stakeholders.

Riot Platforms’ trail is also shaped by strategic engagements with influential assurers like Evercore and Northland Capital Markets, accentuated by the positive vibes emanating from major crypto firms including Microsoft. Riot halted its Bitcoin mining pursuit to recalibrate efforts toward more AI/HPC endeavors at Corsicana Facility. Investors discern riotous growth potential here.

All the same, the unpredictability of the Bitcoin market gives pause. While enthusiasts venture into Riot’s offerings, wary observers ponder financial intricacies. The company’s large debt-to-equity buffer offers comfort, yet the complex environment dictates keeping an eye on fluctuating key performance ratios.

News Recap and Future Implications

The whirlwind surrounding Riot Platforms continues, augmented by anchor news emphasizing new leadership bearing foresight into the AI/HPC world. Reputable analysts casting Buy spells further entrench trader sentiment by recognizing the under-tapped potential in Riot’s ongoing saga.

Even while the stock tides ebb and flow, Riot Platforms stands poised with an aspirational future. With strategic acquisitions boosting revenue streams, the company firmly embraces new angles. Cradled within the surge of Bitcoin, a new chapter begins.

Riot Platforms’ journey includes vivid recalibrations: market dynamics, eagerly adjusting board members, and reshaped goals on their AI ship. With cautiously calculated volatility in PCs and graphics cards, securing the right sails in AI investments might just steer the course toward promising horizons.

For traders tracing tea-leaves like soothsayers, this cryptic tale of shifts and changes sketches an engaging narrative to pursue. As millionaire penny stock trader and teacher Tim Sykes says, “Cut losses quickly, let profits ride, and don’t overtrade.”

With these layered stories yet to unfold, Riot Platforms possesses a vivid canvas that expects intriguing colors in the not-too-distant future. As traders and analysts alike lean in, the dance of numbers, guided by a strategic compass, invites participants to witness Riot’s undying potential.

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This is stock news, not investment advice. Timothy Sykes News delivers real-time stock market news focused on key catalysts driving short-term price movements. Our content is tailored for active traders and investors seeking to capitalize on rapid price fluctuations, particularly in volatile sectors like penny stocks. Readers come to us for detailed coverage on earnings reports, mergers, FDA approvals, new contracts, and unusual trading volumes that can trigger significant short-term price action. Some users utilize our news to explain sudden stock movements, while others rely on it for diligent research into potential investment opportunities.

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* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”