Best Blockchain Stocks To Add to Your Watchlist - August 4th

Key Points

• Oracle, Applied Digital, and Riot Platforms are highlighted as the top blockchain stocks to watch, showcasing their significant roles in the blockchain technology sector.
• Applied Digital focuses on high-performance computing and AI cloud services, while Riot Platforms operates as a bitcoin mining company across North America.
• Oracle's stock recently saw a trading increase, reaching $250.67, reflecting strong market interest despite a high P/E ratio of 57.62.

Oracle, Applied Digital, and Riot Platforms are the three Blockchain stocks to watch today, according to MarketBeat's stock screener tool. Blockchain stocks are shares of publicly traded companies that develop, implement, or support blockchain technology—a decentralized, distributed ledger system enabling secure, transparent transactions and data management. These firms can range from cryptocurrency miners and blockchain software developers to hardware manufacturers and enterprises integrating blockchain into their operations. Investing in blockchain stocks offers exposure to the potential growth and innovation of this emerging technology across industries like finance, supply chain, and healthcare. These companies had the highest dollar trading volume of any Blockchain stocks within the last several days.

Oracle (ORCL)

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

NYSE:ORCL traded up $6.25 during mid-day trading on Monday, hitting $250.67. 3,638,018 shares of the company's stock were exchanged, compared to its average volume of 12,055,916. The business has a fifty day moving average price of $213.55 and a 200 day moving average price of $174.96. The company has a market cap of $704.09 billion, a PE ratio of 57.62, a P/E/G ratio of 3.65 and a beta of 1.43. Oracle has a one year low of $118.86 and a one year high of $260.87. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75.

Read Our Latest Research Report on ORCL

Applied Digital (APLD)

Applied Digital Corporation designs, develops, and operates datacenters in North America. Its datacenters provide digital infrastructure solutions to the high-performance computing industry. The company also provides artificial intelligence cloud services, high performance computing datacenter hosting, and crypto datacenter hosting services.

Shares of NASDAQ APLD traded up $0.85 during midday trading on Monday, hitting $13.37. The stock had a trading volume of 22,749,280 shares, compared to its average volume of 38,544,453. The business's 50 day moving average is $10.49 and its 200-day moving average is $8.00. The company has a market cap of $3.50 billion, a P/E ratio of -12.27 and a beta of 6.17. Applied Digital has a 52 week low of $3.01 and a 52 week high of $15.42. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.36.

Read Our Latest Research Report on APLD

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 up $0.34 during midday trading on Monday, hitting $11.37. The stock had a trading volume of 9,355,047 shares, compared to its average volume of 33,563,445. The business's 50 day moving average is $11.21 and its 200-day moving average is $9.80. The company has a market cap of $4.20 billion, a P/E ratio of -26.41 and a beta of 4.61. Riot Platforms has a 52 week low of $6.19 and a 52 week high of $15.87. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.18.

Read Our Latest Research Report on RIOT

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