Bitcoin Stocks To Watch Today – May 11th

iShares Bitcoin Trust, MARA, and CleanSpark 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 give investors indirect exposure to Bitcoin’s price movements. This category typically includes cryptocurrency miners, blockchain technology firms, payment processors that accept Bitcoin, and companies holding significant Bitcoin reserves. By buying these equities, investors can participate in the potential upside (and downside) of Bitcoin without purchasing the cryptocurrency directly. 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.

Shares of NASDAQ IBIT traded up $1.04 during midday trading on Friday, reaching $58.66. 36,276,376 shares of the stock were exchanged, compared to its average volume of 45,032,004. iShares Bitcoin Trust has a twelve month low of $28.23 and a twelve month high of $61.75. The firm has a 50-day simple moving average of $49.60 and a two-hundred day simple moving average of $51.89.

MARA (MARA)

MARA stock traded up $1.45 during mid-day trading on Friday, reaching $15.74. 86,364,500 shares of the company’s stock were exchanged, compared to its average volume of 44,963,235. MARA has a 12-month low of $9.81 and a 12-month high of $30.28. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 19.92 and a beta of 6.82. 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 stock’s 50 day moving average is $13.08 and its 200 day moving average is $17.24.

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 $0.51 on Friday, hitting $9.19. The company had a trading volume of 49,783,148 shares, compared to its average volume of 28,288,196. The company has a market capitalization of $2.58 billion, a PE ratio of 83.55 and a beta of 4.36. CleanSpark has a 12-month low of $6.45 and a 12-month high of $20.64. The company’s fifty day moving average price is $7.96 and its 200-day moving average price is $10.28.