Wolfspeed, Cipher Mining, TeraWulf, Bit Digital, and Argo Blockchain are the five Penny stocks to watch today, according to MarketBeat's stock screener tool. Penny stocks are shares of small public companies that trade at relatively low prices—typically under $5 per share—often on over-the-counter (OTC) markets rather than major exchanges. Because these stocks have low market capitalizations and thin trading volumes, they tend to be highly volatile and carry a higher risk of price manipulation and loss. 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.
WOLF traded up $0.45 during trading on Tuesday, reaching $0.85. 479,558,800 shares of the stock traded hands, compared to its average volume of 21,867,615. The stock has a market cap of $132.29 million, a price-to-earnings ratio of -0.10 and a beta of 1.30. The company has a debt-to-equity ratio of 30.65, a current ratio of 4.64 and a quick ratio of 3.90. Wolfspeed has a fifty-two week low of $0.39 and a fifty-two week high of $25.49. The stock's 50-day simple moving average is $2.19 and its two-hundred day simple moving average is $4.30.
Read Our Latest Research Report on WOLF
Cipher Mining (CIFR)
NASDAQ CIFR traded up $0.09 during trading on Tuesday, reaching $4.87. The company's stock had a trading volume of 56,751,028 shares, compared to its average volume of 13,951,441. The stock has a market capitalization of $1.63 billion, a PE ratio of -13.43 and a beta of 2.58. Cipher Mining has a 1-year low of $1.86 and a 1-year high of $7.99. The business has a 50-day moving average price of $3.50 and a 200-day moving average price of $4.04. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.01.
Read Our Latest Research Report on CIFR
TeraWulf (WULF)
Shares of WULF traded up $0.12 during trading hours on Tuesday, hitting $4.50. 58,817,402 shares of the company were exchanged, compared to its average volume of 32,382,241. The company has a market cap of $1.73 billion, a PE ratio of -13.53 and a beta of 3.09. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.90 and a current ratio of 1.90. The firm's 50 day moving average is $3.69 and its 200-day moving average is $4.15. TeraWulf has a 52 week low of $2.06 and a 52 week high of $9.30.
Read Our Latest Research Report on WULF
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.
Shares of NASDAQ BTBT traded up $0.15 during trading hours on Tuesday, hitting $2.34. 74,250,947 shares of the stock were exchanged, compared to its average volume of 15,430,575. The firm has a market capitalization of $486.92 million, a P/E ratio of -4.97 and a beta of 5.37. The company's 50 day moving average is $2.30 and its 200 day moving average is $2.62. Bit Digital has a one year low of $1.69 and a one year high of $5.74.
Read Our Latest Research Report on BTBT
Argo Blockchain (ARBK)
Argo Blockchain plc, together with its subsidiaries, engages in the bitcoin and other cryptocurrencies mining business worldwide. It engages in mining purpose-built computers for complex cryptographic algorithms. The company was formerly known as GoSun Blockchain Limited and changed its name to Argo Blockchain plc in December 2017.
ARBK traded up $0.15 during midday trading on Tuesday, reaching $0.34. The company's stock had a trading volume of 423,637,403 shares, compared to its average volume of 2,709,126. The company has a fifty day simple moving average of $0.39 and a 200 day simple moving average of $0.45. The stock has a market cap of $24.32 million, a P/E ratio of -0.35 and a beta of 1.92. Argo Blockchain has a twelve month low of $0.15 and a twelve month high of $1.99.
Read Our Latest Research Report on ARBK
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