Bitcoin Stocks To Follow Today – May 16th

iShares Bitcoin Trust, MARA, 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 core businesses involve Bitcoin—whether that’s mining new coins, operating exchanges or custodial services, or holding substantial Bitcoin reserves on their balance sheets. By buying these equities, investors gain indirect exposure to Bitcoin’s price swings and the broader blockchain ecosystem without owning the cryptocurrency itself. Examples include miners like Marathon Digital and exchanges such as Coinbase. 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 iShares Bitcoin Trust stock traded up $0.47 on Friday, hitting $59.14. The company had a trading volume of 15,781,162 shares, compared to its average volume of 44,438,441. iShares Bitcoin Trust has a 1 year low of $28.23 and a 1 year high of $61.75. The stock has a 50 day moving average of $50.37 and a 200-day moving average of $52.35.

MARA (MARA)

Shares of MARA traded up $0.77 on Friday, reaching $16.45. 21,795,387 shares of the company’s stock traded hands, compared to its average volume of 44,904,081. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The stock has a market cap of $5.79 billion, a PE ratio of 20.96 and a beta of 6.82. The stock’s 50 day simple moving average is $13.16 and its two-hundred day simple moving average is $17.19. 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.

NASDAQ:RIOT traded up $0.70 during trading hours on Friday, reaching $9.40. The stock had a trading volume of 17,750,464 shares, compared to its average volume of 26,125,558. The stock has a 50 day simple moving average of $7.59 and a 200 day simple moving average of $10.19. Riot Platforms has a 12-month low of $6.19 and a 12-month high of $15.87. The stock has a market cap of $3.36 billion, a P/E ratio of 21.90 and a beta of 4.74.