Promising Bitcoin Stocks To Consider – November 13th

IREN, TeraWulf, BitMine Immersion Technologies, Riot Platforms, MARA, Cipher Mining, 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” is an informal term for publicly traded companies whose business or finances are significantly tied to Bitcoin, such as Bitcoin miners, crypto exchanges, or companies that hold Bitcoin. Buying their shares gives investors exposure to those companies—not direct ownership of Bitcoin—and the stocks can be affected by both Bitcoin’s price and company-specific factors. 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 $1.78 during mid-day trading on Friday, hitting $17.70. The company’s stock had a trading volume of 35,520,227 shares, compared to its average volume of 45,169,629. IREN has a 52-week low of $17.16 and a 52-week high of $70.71. The firm’s 50 day moving average is $34.52 and its 200 day moving average is $42.94. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.60 and a quick ratio of 1.60. The company has a market cap of $6.98 billion, a PE ratio of -4.35 and a beta of 4.33.

TeraWulf (WULF)

WULF traded down $0.89 during trading on Friday, hitting $12.15. The stock had a trading volume of 19,831,930 shares, compared to its average volume of 33,538,246. The firm has a market cap of $6.09 billion, a PE ratio of -3.73 and a beta of 4.00. The company has a current ratio of 0.97, a quick ratio of 0.75 and a debt-to-equity ratio of 5.35. TeraWulf has a 12 month low of $9.51 and a 12 month high of $29.84. The company has a 50 day simple moving average of $14.04 and a 200-day simple moving average of $17.93.

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 NYSE:BMNR traded down $1.01 during midday trading on Friday, hitting $17.44. The company’s stock had a trading volume of 11,712,117 shares, compared to its average volume of 39,558,383. The stock has a market capitalization of $10.93 billion, a price-to-earnings ratio of -1.02 and a beta of 1.80. The stock’s 50 day simple moving average is $23.58 and its 200 day simple moving average is $20.56. BitMine Immersion Technologies has a fifty-two week low of $12.80 and a fifty-two week high of $42.08.

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.

NASDAQ RIOT traded down $0.60 during trading on Friday, hitting $17.23. The company’s stock had a trading volume of 10,493,814 shares, compared to its average volume of 19,200,068. The company has a quick ratio of 3.49, a current ratio of 3.49 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average price of $18.12 and a 200 day moving average price of $19.33. The firm has a market cap of $6.46 billion, a P/E ratio of -4.17 and a beta of 3.91. Riot Platforms has a 52 week low of $11.50 and a 52 week high of $30.32.

MARA (MARA)

NASDAQ:MARA traded down $0.32 during trading hours on Friday, hitting $6.88. 17,198,535 shares of the company traded hands, compared to its average volume of 44,909,633. The company has a current ratio of 2.31, a quick ratio of 0.89 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of -0.85 and a beta of 5.23. The firm has a 50-day moving average of $9.61 and a 200 day moving average of $10.62. MARA has a twelve month low of $5.69 and a twelve month high of $16.43.

Cipher Mining (CIFR)

Shares of CIFR traded down $0.47 during trading hours on Friday, reaching $6.68. 17,032,448 shares of the company traded hands, compared to its average volume of 32,386,625. The company has a debt-to-equity ratio of 9.10, a quick ratio of 1.69 and a current ratio of 1.69. The stock’s fifty day moving average is $12.58 and its 200 day moving average is $17.26. Cipher Mining has a 1-year low of $5.07 and a 1-year high of $30.14. The stock has a market cap of $3.05 billion, a P/E ratio of -2.18 and a beta of 3.53.

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.

STRC stock traded down $0.02 during trading on Friday, reaching $99.94. 1,048,675 shares of the stock were exchanged, compared to its average volume of 2,287,494. Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock has a twelve month low of $71.25 and a twelve month high of $100.42. The company has a market capitalization of $2.59 billion, a P/E ratio of -22.21 and a beta of 3.25. The stock has a 50 day simple moving average of $99.06 and a 200-day simple moving average of $95.69.