Bitcoin Stocks To Research – April 16th

iShares Bitcoin Trust, MARA, Riot Platforms, CleanSpark, and Hut 8 are the five Bitcoin stocks to watch today, according to MarketBeat’s stock screener tool. Bitcoin stocks refer to shares of companies that are directly involved in the Bitcoin ecosystem, such as those mining Bitcoin, offering related financial services, or developing blockchain technology. These stocks provide investors with an indirect way to gain exposure to Bitcoin’s market movements while trading on traditional stock exchanges under established regulatory frameworks. These companies had the highest dollar trading volume of any Bitcoin stocks within the last several days.

iShares Bitcoin Trust (IBIT)

The IShares Bitcoin Trust Registered (IBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. IBIT was launched on Jan 5, 2024 and is issued by BlackRock.

NASDAQ IBIT traded up $0.54 during mid-day trading on Wednesday, hitting $48.28. The company’s stock had a trading volume of 9,833,302 shares, compared to its average volume of 45,544,945. iShares Bitcoin Trust has a 52-week low of $28.23 and a 52-week high of $61.75. The stock’s fifty day simple moving average is $49.41 and its two-hundred day simple moving average is $49.81.

MARA (MARA)

Shares of NASDAQ:MARA traded up $0.00 during mid-day trading on Wednesday, hitting $12.58. 11,247,774 shares of the company traded hands, compared to its average volume of 45,351,947. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The firm’s 50 day simple moving average is $13.60 and its 200 day simple moving average is $17.62. The firm has a market cap of $4.35 billion, a P/E ratio of 15.93 and a beta of 6.10. MARA has a 52-week low of $9.81 and a 52-week high of $30.28.

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 $0.10 during trading hours on Wednesday, hitting $6.45. 13,361,096 shares of the company were exchanged, compared to its average volume of 25,590,947. The business’s 50-day simple moving average is $8.66 and its two-hundred day simple moving average is $10.35. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 15.00 and a beta of 4.60. Riot Platforms has a one year low of $6.22 and a one year high of $15.87.

CleanSpark (CLSK)

CleanSpark, Inc. operates as a bitcoin miner in the Americas. It owns and operates data centers that primarily run on low-carbon power. Its infrastructure supports Bitcoin, a digital commodity and a tool for financial independence and inclusion. The company was formerly known as Stratean Inc. and changed its name to CleanSpark, Inc.

CLSK stock traded up $0.08 during trading on Wednesday, hitting $7.36. The company had a trading volume of 7,705,381 shares, compared to its average volume of 28,523,425. CleanSpark has a fifty-two week low of $6.45 and a fifty-two week high of $21.39. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 66.90 and a beta of 4.12. The business has a 50 day moving average of $8.36 and a 200 day moving average of $10.52.

Hut 8 (HUT)

Hut 8 Corp., together with its subsidiaries, acquires, builds, manages, and operates data centers for digital assets mining, computing, and artificial intelligence in the United States. It operates in four segments: Digital Assets Mining, Managed Services, High Performance Computing Colocation and Cloud, and Other.

Shares of NASDAQ HUT traded down $0.20 during mid-day trading on Wednesday, hitting $11.23. 2,512,113 shares of the company traded hands, compared to its average volume of 5,304,932. Hut 8 has a 1 year low of $6.95 and a 1 year high of $31.95. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.35. The business has a 50 day moving average of $14.44 and a two-hundred day moving average of $18.94.