Promising Bitcoin Stocks To Consider - July 22nd

IREN, Marathon Digital, and Riot Platforms are the three Bitcoin stocks to watch today, according to MarketBeat's stock screener tool. Bitcoin stocks are shares of publicly traded companies whose business models or assets are directly tied to Bitcoin. This category typically includes Bitcoin miners, firms holding Bitcoin on their balance sheet, and service providers in the Bitcoin ecosystem—offering investors indirect exposure to Bitcoin’s price movements without owning the cryptocurrency outright. These companies had the highest dollar trading volume of any Bitcoin stocks within the last several days.

IREN (IREN)

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

Shares of NASDAQ:IREN traded up $0.17 during midday trading on Tuesday, reaching $18.32. 22,407,244 shares of the company's stock traded hands, compared to its average volume of 17,073,971. IREN has a 1 year low of $5.13 and a 1 year high of $21.54. The company has a fifty day simple moving average of $11.75 and a two-hundred day simple moving average of $9.68.

Read Our Latest Research Report on IREN

Marathon Digital (MARA)

Shares of MARA traded up $0.76 during mid-day trading on Tuesday, hitting $19.59. 17,983,088 shares of the company's stock were exchanged, compared to its average volume of 44,828,296. The company has a market cap of $6.89 billion, a price-to-earnings ratio of -13.58 and a beta of 6.53. Marathon Digital has a fifty-two week low of $9.81 and a fifty-two week high of $30.28. The stock's 50-day moving average is $16.19 and its 200-day moving average is $15.40. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.79 and a current ratio of 0.79.

Read Our Latest Research Report on MARA

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 Platforms stock traded down $0.09 during midday trading on Tuesday, reaching $13.93. 19,158,557 shares of the company were exchanged, compared to its average volume of 29,246,844. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of -10.63 and a beta of 4.57. Riot Platforms has a 1 year low of $6.19 and a 1 year high of $15.87. The firm's 50-day simple moving average is $10.23 and its 200-day simple moving average is $9.71. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.23 and a current ratio of 3.23.

Read Our Latest Research Report on RIOT

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