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Promising Bitcoin Stocks To Consider - November 15th

IREN logo with Technology background
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Key Points

  • IREN, TeraWulf, BitMine Immersion Technologies, Riot Platforms and MARA were MarketBeat’s Bitcoin stocks to watch, selected for having the highest recent dollar trading volume among related stocks.
  • All five stocks fell on Friday and traded below their 50-day moving averages. IREN recorded the highest volume, with about 69.5 million shares traded, and closed at $18.17.
  • Bitcoin stocks offer exposure to companies tied to Bitcoin—not direct ownership of the cryptocurrency—and can be highly volatile; the listed stocks had betas ranging from 1.80 to 5.23.
  • Five stocks we like better than IREN.

IREN, TeraWulf, BitMine Immersion Technologies, Riot Platforms, and MARA are the five Bitcoin stocks to watch today, according to MarketBeat's stock screener tool. “Bitcoin stocks” are shares of publicly traded companies whose business or finances are closely tied to Bitcoin. They may include Bitcoin miners, crypto exchanges, or companies that hold Bitcoin on their balance sheets; buying these stocks gives investors exposure to those companies, not direct ownership of Bitcoin. 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.

IREN stock traded down $1.31 during trading on Friday, reaching $18.17. 69,543,225 shares of the company were exchanged, compared to its average volume of 67,927,936. The stock's 50 day simple moving average is $34.05 and its two-hundred day simple moving average is $42.73. The company has a market capitalization of $7.71 billion, a P/E ratio of -4.45 and a beta of 4.33. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.60 and a quick ratio of 1.60. IREN has a 52-week low of $17.16 and a 52-week high of $70.71.

Read Our Latest Research Report on IREN

TeraWulf (WULF)

NASDAQ:WULF traded down $0.42 during trading hours on Friday, hitting $12.62. The company had a trading volume of 41,258,133 shares, compared to its average volume of 52,885,644. The company has a current ratio of 0.97, a quick ratio of 0.75 and a debt-to-equity ratio of 5.35. The company has a 50-day moving average of $13.97 and a 200 day moving average of $17.92. The company has a market cap of $6.33 billion, a P/E ratio of -3.86 and a beta of 4.00. TeraWulf has a 1 year low of $9.51 and a 1 year high of $29.84.

Read Our Latest Research Report on WULF

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 BMNR traded down $0.88 during midday trading on Friday, reaching $17.57. The company had a trading volume of 23,942,103 shares, compared to its average volume of 30,613,488. BitMine Immersion Technologies has a 1-year low of $12.80 and a 1-year high of $42.08. The firm has a 50 day simple moving average of $23.40 and a 200-day simple moving average of $20.51. The stock has a market cap of $11.01 billion, a PE ratio of -1.03 and a beta of 1.80.

Read Our Latest Research Report on BMNR

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.

Shares of RIOT stock traded down $0.31 on Friday, hitting $17.52. 22,377,579 shares of the stock traded hands, compared to its average volume of 27,443,876. The firm's 50-day moving average price is $18.05 and its two-hundred day moving average price is $19.33. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.49 and a current ratio of 3.49. The stock has a market capitalization of $6.57 billion, a PE ratio of -4.23 and a beta of 3.91. Riot Platforms has a twelve month low of $11.50 and a twelve month high of $30.32.

Read Our Latest Research Report on RIOT

MARA (MARA)

Shares of MARA traded down $0.21 during mid-day trading on Friday, reaching $6.99. The stock had a trading volume of 42,210,156 shares, compared to its average volume of 39,591,316. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.31 and a quick ratio of 0.89. MARA has a 52-week low of $5.69 and a 52-week high of $16.43. The business's fifty day moving average is $9.52 and its 200 day moving average is $10.60. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of -0.86 and a beta of 5.23.

Read Our Latest Research Report on MARA

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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