Promising Bitcoin Stocks To Watch Now – July 1st

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 balance sheets are closely tied to Bitcoin. They include firms that mine Bitcoin, manufacture mining hardware, or hold significant amounts of Bitcoin as a reserve asset, allowing investors to gain indirect exposure to Bitcoin’s price movements through traditional equities. 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 $0.57 during midday trading on Tuesday, hitting $15.14. The company had a trading volume of 28,016,085 shares, compared to its average volume of 16,426,716. IREN has a twelve month low of $5.13 and a twelve month high of $16.20. The business’s 50-day simple moving average is $8.82 and its 200-day simple moving average is $9.15.

Marathon Digital (MARA)

Shares of NASDAQ MARA traded up $0.27 during trading on Tuesday, hitting $15.95. 20,157,562 shares of the company were exchanged, compared to its average volume of 45,054,325. The company has a fifty day moving average price of $14.98 and a 200-day moving average price of $15.53. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market capitalization of $5.61 billion, a PE ratio of -10.99 and a beta of 6.62. Marathon Digital has a 12-month low of $9.81 and a 12-month 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.

NASDAQ:RIOT traded up $0.18 on Tuesday, hitting $11.48. The stock had a trading volume of 21,137,675 shares, compared to its average volume of 28,293,350. The company has a fifty day moving average price of $8.96 and a two-hundred day moving average price of $9.62. Riot Platforms has a 1-year low of $6.19 and a 1-year high of $15.87. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.20. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of -8.67 and a beta of 4.53.