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Bitcoin Stocks To Follow Now - November 8th

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Key Points

  • Seven Bitcoin-linked stocks flagged for monitoring were IREN, TeraWulf, Riot Platforms, Cipher Mining, BitMine Immersion Technologies, MARA, and Strategy’s STRC preferred stock, selected for their high recent dollar trading volume.
  • Friday trading was mixed: IREN, TeraWulf, Riot, Cipher, MARA, and STRC rose, while BitMine slipped. IREN and TeraWulf led in share volume, with roughly 112 million and 106 million shares traded, respectively.
  • These securities are not direct Bitcoin investments: their performance can reflect Bitcoin prices as well as company-specific factors. Several miners traded well below their 50-day moving averages and 52-week highs, underscoring the stocks’ volatility.
  • MarketBeat previews top five stocks to own in December.

IREN, TeraWulf, Riot Platforms, Cipher Mining, BitMine Immersion Technologies, MARA, and Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock are the seven Bitcoin stocks to watch today, according to MarketBeat's stock screener tool. “Bitcoin stocks” are shares of publicly traded companies whose businesses or assets are significantly tied to Bitcoin, such as Bitcoin miners, exchanges, or companies that hold Bitcoin on their balance sheets. Their prices may move with Bitcoin’s price, but they also depend on company-specific factors and are not the same as owning Bitcoin directly. These companies had the highest dollar trading volume of any Bitcoin stocks within the last several days.

IREN (IREN)

IREN Limited, formerly known as Iris Energy Limited, owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.

Shares of IREN stock traded up $3.61 during mid-day trading on Friday, hitting $21.64. 112,473,833 shares of the stock traded hands, compared to its average volume of 62,629,664. IREN has a twelve month low of $17.16 and a twelve month high of $70.71. The company has a debt-to-equity ratio of 1.80, a quick ratio of 3.55 and a current ratio of 3.55. The company's 50-day simple moving average is $35.87 and its 200-day simple moving average is $43.60. The firm has a market cap of $8.53 billion, a price-to-earnings ratio of -5.30 and a beta of 4.33.

Read Our Latest Research Report on IREN

TeraWulf (WULF)

NASDAQ WULF traded up $1.29 on Friday, reaching $11.37. The company's stock had a trading volume of 105,729,831 shares, compared to its average volume of 49,568,164. TeraWulf has a twelve month low of $9.51 and a twelve month high of $29.84. The company has a debt-to-equity ratio of 27.25, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a market cap of $5.67 billion, a PE ratio of -3.48 and a beta of 4.00. The firm's 50 day moving average is $14.21 and its two-hundred day moving average is $17.95.

Read Our Latest Research Report on WULF

Riot Platforms (RIOT)

Riot Platforms, Inc., together with its subsidiaries, operates as a bitcoin mining company in North America. The company operates through three segments: Bitcoin Mining, Data Center Hosting, and Engineering. It also provides co-location services for institutional-scale bitcoin mining companies; critical infrastructure and workforce for institutional-scale miners to deploy and operate their miners; operation of data centers; and maintenance/management of computing capacity.

RIOT stock traded up $1.95 on Friday, hitting $16.71. 44,990,345 shares of the company's stock traded hands, compared to its average volume of 23,984,264. The stock has a market cap of $6.27 billion, a price-to-earnings ratio of -4.04 and a beta of 3.91. Riot Platforms has a 1-year low of $11.50 and a 1-year high of $30.32. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.27. The stock has a fifty day moving average of $18.17 and a 200-day moving average of $19.31.

Read Our Latest Research Report on RIOT

Cipher Mining (CIFR)

Shares of CIFR traded up $1.00 during trading hours on Friday, hitting $6.55. 81,661,526 shares of the company were exchanged, compared to its average volume of 58,116,216. The company has a market capitalization of $2.99 billion, a PE ratio of -2.13 and a beta of 3.53. The company has a debt-to-equity ratio of 9.10, a current ratio of 1.69 and a quick ratio of 3.00. The firm has a fifty day simple moving average of $13.24 and a 200-day simple moving average of $17.47. Cipher Mining has a one year low of $5.07 and a one year high of $30.14.

Read Our Latest Research Report on CIFR

BitMine Immersion Technologies (BMNR)

BitMine Immersion Technologies Inc. focused on bitcoin mining using immersion technology. BitMine Immersion Technologies Inc. is based in ATLANTA, GA.

Shares of BitMine Immersion Technologies stock traded down $0.19 on Friday, reaching $18.81. 23,561,291 shares of the company were exchanged, compared to its average volume of 31,170,628. The stock has a fifty day moving average price of $24.00 and a 200-day moving average price of $20.77. The firm has a market capitalization of $11.35 billion, a price-to-earnings ratio of 376.28 and a beta of 1.80. BitMine Immersion Technologies has a fifty-two week low of $12.80 and a fifty-two week high of $43.77.

Read Our Latest Research Report on BMNR

MARA (MARA)

Shares of MARA traded up $0.47 during midday trading on Friday, hitting $6.35. The stock had a trading volume of 34,610,462 shares, compared to its average volume of 36,364,080. The business has a 50-day simple moving average of $9.88 and a two-hundred day simple moving average of $10.68. The firm has a market cap of $2.45 billion, a P/E ratio of -0.69 and a beta of 5.23. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.15. MARA has a fifty-two week low of $5.69 and a fifty-two week high of $16.62.

Read Our Latest Research Report on MARA

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (STRC)

Strategy Inc is a bitcoin treasury company and a provider of business intelligence services. It is designed to provide investors varying degrees of economic exposure to Bitcoin by offering a range of securities, including equity and fixed-income instruments. The company also provides industry AI-powered enterprise analytics software.

NASDAQ STRC traded up $0.28 on Friday, hitting $99.84. 1,597,351 shares of the stock were exchanged, compared to its average volume of 2,303,352. The company's 50-day moving average price is $98.83 and its two-hundred day moving average price is $95.57. Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock has a 52-week low of $71.25 and a 52-week high of $100.42. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of -22.19 and a beta of 3.25.

Read Our Latest Research Report on STRC

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