Best Bitcoin Stocks To Watch Today – February 19th

iShares Bitcoin Trust, MARA, and Iris Energy are the three Bitcoin stocks to watch today, according to MarketBeat’s stock screener tool. Bitcoin stocks refer to publicly-traded companies that have direct or indirect exposure to the cryptocurrency market, either through mining operations, investments in Bitcoin, or providing services related to cryptocurrencies. These companies give investors an opportunity to gain exposure to the potential growth of the cryptocurrency market through traditional stock market investments. 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.

IBIT stock traded up $1.17 during midday trading on Wednesday, reaching $54.68. 12,913,368 shares of the stock were exchanged, compared to its average volume of 42,686,086. The company has a fifty day moving average price of $56.26 and a 200 day moving average price of $45.65. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75.

MARA (MARA)

NASDAQ:MARA traded up $0.11 during mid-day trading on Wednesday, hitting $16.16. 9,966,112 shares of the company’s stock were exchanged, compared to its average volume of 34,090,176. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. MARA has a fifty-two week low of $13.16 and a fifty-two week high of $34.09. The company has a 50 day simple moving average of $19.00 and a 200-day simple moving average of $18.59. The firm has a market capitalization of $5.48 billion, a P/E ratio of 20.46 and a beta of 5.76.

Iris Energy (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 $0.51 during mid-day trading on Wednesday, reaching $13.48. 6,723,101 shares of the company’s stock were exchanged, compared to its average volume of 16,161,906. Iris Energy has a twelve month low of $4.15 and a twelve month high of $15.92. The business’s fifty day moving average price is $11.61 and its 200-day moving average price is $10.05.