10 Best Low Priced Stocks to Invest in For the Long Term

4. Riot Platforms, Inc. (NASDAQ:RIOT)

Stock Price as of May 6: $7.86

Market cap as of May 6: $2.96 billion

Number of Hedge Fund Holders: 38

Riot Platforms, Inc. (NASDAQ:RIOT) operates as a Bitcoin mining company. John Todaro, an analyst from Needham, maintained a “Buy” rating on the company’s stock. The analyst remains optimistic about the potential of the company’s Corsicana site, which is focused on a full-stack build rather than just a powered shell. The approach can result in better economic returns, as full-stack builds are projected to be significantly more profitable, says the analyst. Elsewhere, Gregory Lewis, an analyst from BTIG, is also optimistic about the company’s stock. This analyst’s optimism is backed by a combination of factors reflecting Riot Platforms, Inc. (NASDAQ:RIOT)’s promising financial outlook.

The anticipated increases in Bitcoin prices and strategic growth initiatives, which include the expansion at Corsicana and the integration of a newly acquired engineering business, are some of the positive factors. Such factors are likely to improve Riot Platforms, Inc. (NASDAQ:RIOT)’s operational efficiency and capacity, leading to a stronger financial performance. During Q1 2025, the company made significant progress on the development of its AI/HPC data center business. In March, Altman Solon wrapped up a feasibility study, demonstrating numerous factors that made the Corsicana site an attractive asset to data center tenants. Riot Platforms, Inc. (NASDAQ:RIOT) remains focused on increasing the attractiveness of the site through the acquisition of additional development land near the Corsicana Facility.