Promising Bitcoin Stocks To Follow Today – April 17th

iShares Bitcoin Trust, MARA, Riot Platforms, CleanSpark, and Core Scientific are the five Bitcoin stocks to watch today, according to MarketBeat’s stock screener tool. Bitcoin stocks refer to shares of publicly traded companies that are significantly involved in the bitcoin industry, whether through mining operations, technology development, or by holding bitcoin as a major part of their treasury. Investing in these stocks provides indirect exposure to bitcoin’s price movements and the broader trends in the digital asset market without requiring direct ownership of the cryptocurrency. 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 $0.07 during mid-day trading on Thursday, hitting $48.03. The company had a trading volume of 10,085,171 shares, compared to its average volume of 45,296,781. The business has a fifty day simple moving average of $49.28 and a 200-day simple moving average of $49.80. iShares Bitcoin Trust has a 1 year low of $28.23 and a 1 year high of $61.75.

MARA (MARA)

MARA traded up $0.14 during trading hours on Thursday, reaching $12.46. 8,278,259 shares of the stock traded hands, compared to its average volume of 45,294,460. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The firm’s fifty day simple moving average is $13.51 and its two-hundred day simple moving average is $17.59. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 15.69 and a beta of 6.10. MARA has a fifty-two week low of $9.81 and a fifty-two 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 NASDAQ:RIOT traded down $0.04 during trading on Thursday, hitting $6.33. The company’s stock had a trading volume of 11,166,710 shares, compared to its average volume of 25,634,290. The stock’s 50-day moving average price is $8.56 and its two-hundred day moving average price is $10.33. Riot Platforms has a fifty-two week low of $6.20 and a fifty-two week high of $15.87. The company has a market capitalization of $2.22 billion, a PE ratio of 14.66 and a beta of 4.60.

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.

NASDAQ CLSK traded up $0.12 during trading hours on Thursday, reaching $7.40. 8,131,568 shares of the company traded hands, compared to its average volume of 28,504,411. The stock has a market capitalization of $2.08 billion, a PE ratio of 67.05 and a beta of 4.12. The company has a 50 day moving average of $8.28 and a two-hundred day moving average of $10.50. CleanSpark has a 12 month low of $6.45 and a 12 month high of $21.39.

Core Scientific (CORZ)

Core Scientific, Inc. provides digital asset mining services in North America. It operates through two segments, Mining and Hosting. The company offers blockchain infrastructure, software solutions, and services; and operates data center mining facilities. It also mines digital assets for its own account; and provides hosting services for other large bitcoin miners, which include deployment, monitoring, trouble shooting, optimization, and maintenance of its customers' digital asset mining equipment.

Shares of CORZ traded down $0.21 during mid-day trading on Thursday, hitting $6.39. The stock had a trading volume of 3,729,894 shares, compared to its average volume of 12,380,153. The company’s fifty day simple moving average is $9.04 and its two-hundred day simple moving average is $12.61. Core Scientific has a fifty-two week low of $2.61 and a fifty-two week high of $18.63. The company has a market cap of $1.88 billion, a PE ratio of -1.17 and a beta of 6.80.