Nucor earnings beat by $0.08, revenue fell short of estimates
Douglas Mouton, a director at Riot Platforms, Inc. (NASDAQ:RIOT), recently acquired 8,384 shares of the company’s common stock. The transactions, which took place on March 17, 2025, were executed at an average price of $7.74 per share, totaling approximately $64,892. According to InvestingPro data, this purchase comes at an interesting time as analyst price targets range from $13 to $23, suggesting potential upside from current levels.
Following this purchase, Mouton now holds a total of 20,384 shares directly. The acquisition was conducted in a series of transactions with prices ranging from $7.7336 to $7.7399 per share. The weighted average purchase price was reported as $7.74 per share, as detailed in the filing. InvestingPro analysis shows RIOT maintains strong liquidity with a current ratio of 3.74, while trading at an attractive P/E ratio relative to its near-term earnings growth potential. For deeper insights into RIOT’s valuation and 15+ additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Riot Platforms announced the mining of 470 Bitcoin in February 2025, reflecting a 12% increase year-over-year despite a decrease from the previous month. The company reported holding a total of 18,692 Bitcoin by the end of February, marking a 3% increase from January. Riot Platforms also disclosed a total deployed hash rate of 33.6 exahashes per second, showing a significant 171% year-over-year increase. Cantor Fitzgerald recently adjusted its price target for Riot Platforms to $21, down from $23, while maintaining an Overweight rating, following a 105% year-over-year surge in Bitcoin mining revenue in the fourth quarter of 2024. Needham also revised its price target to $13.50 from $16.00, maintaining a Buy rating despite Riot missing adjusted EBITDA expectations due to higher-than-anticipated expenses. H.C. Wainwright maintained its $17 price target and Buy rating, highlighting Riot’s focus on high-performance computing and artificial intelligence strategies. Riot Platforms reported a 34% increase in total revenue for Q4 2024, reaching $376.7 million, with net income turning positive at $109.4 million from a previous loss.
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