Wolfspeed, Bit Digital, and Global Interactive Technologies are the three Penny stocks to watch today, according to MarketBeat's stock screener tool. Penny stocks are shares of small public companies that trade for less than $5 per share, often on over-the-counter markets or smaller exchanges. Because they carry low market capitalizations and limited trading volume, their prices can be highly volatile and susceptible to wide bid-ask spreads. While they offer the allure of substantial gains, penny stocks also carry elevated risk and potential for price manipulation. These companies had the highest dollar trading volume of any Penny stocks within the last several days.
Wolfspeed (WOLF)
Wolfspeed, Inc. operates as a powerhouse semiconductor company focuses on silicon carbide and gallium nitride (GaN) technologies in Europe, Hong Kong, China, rest of Asia-Pacific, the United States, and internationally. It offers silicon carbide and GaN materials, including silicon carbide bare wafers, epitaxial wafers, and GaN epitaxial layers on silicon carbide wafers to manufacture products for RF, power, and other applications.
Shares of WOLF traded up $0.40 during mid-day trading on Thursday, hitting $1.18. The company's stock had a trading volume of 207,390,933 shares, compared to its average volume of 23,121,313. The company has a current ratio of 4.64, a quick ratio of 3.90 and a debt-to-equity ratio of 30.65. The company's 50-day moving average is $2.12 and its 200-day moving average is $4.25. Wolfspeed has a 52-week low of $0.39 and a 52-week high of $25.49. The firm has a market capitalization of $182.87 million, a price-to-earnings ratio of -0.14 and a beta of 1.09.
Read Our Latest Research Report on WOLF
Bit Digital (BTBT)
Bit Digital, Inc., together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities; and digital asset staking and digital asset mining businesses, as well as ethereum staking activities. In addition, it provides specialized cloud-infrastructure services for artificial intelligence applications.
NASDAQ:BTBT traded up $0.34 during trading hours on Thursday, reaching $2.97. The company's stock had a trading volume of 76,231,599 shares, compared to its average volume of 15,920,066. The stock has a 50 day moving average price of $2.33 and a two-hundred day moving average price of $2.62. The company has a market capitalization of $619.33 million, a P/E ratio of -6.32 and a beta of 5.25. Bit Digital has a 12 month low of $1.69 and a 12 month high of $5.74.
Read Our Latest Research Report on BTBT
Global Interactive Technologies (GITS)
Shares of GITS traded up $2.21 during trading hours on Thursday, hitting $3.84. The company had a trading volume of 46,016,103 shares, compared to its average volume of 909,281. The business's fifty day moving average price is $1.46. Global Interactive Technologies has a one year low of $0.87 and a one year high of $15.00.
Read Our Latest Research Report on GITS
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