Best Blockchain Stocks To Keep An Eye On - July 19th

Oracle, Riot Platforms, Applied Digital, Bit Origin, and BTCS are the five Blockchain stocks to watch today, according to MarketBeat's stock screener tool. Blockchain stocks are publicly traded shares of companies that develop, build, or utilize blockchain technology—the distributed ledger system underpinning cryptocurrencies. These firms may include cryptocurrency miners, blockchain infrastructure providers, decentralized finance (DeFi) platforms, or enterprises integrating blockchain to enhance transparency and security. Investing in blockchain stocks allows investors to gain exposure to the blockchain sector’s growth without directly holding cryptocurrencies. 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.

Shares of ORCL stock traded down $3.45 on Friday, reaching $245.30. The company had a trading volume of 9,671,806 shares, compared to its average volume of 10,353,398. The business's 50-day moving average is $196.21 and its 200 day moving average is $168.94. Oracle has a one year low of $118.86 and a one year high of $251.60. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The stock has a market capitalization of $689.01 billion, a PE ratio of 56.52, a price-to-earnings-growth ratio of 3.72 and a beta of 1.39.

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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.

Riot Platforms stock traded up $0.53 during mid-day trading on Friday, hitting $13.86. 54,782,294 shares of the stock were exchanged, compared to its average volume of 28,877,299. The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of -10.50 and a beta of 4.57. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.20. Riot Platforms has a 12 month low of $6.19 and a 12 month high of $15.87. The firm's fifty day simple moving average is $10.23 and its two-hundred day simple moving average is $9.71.

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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.

APLD stock traded up $1.02 during mid-day trading on Friday, reaching $11.93. The company's stock had a trading volume of 55,521,340 shares, compared to its average volume of 31,533,030. The company has a market cap of $2.69 billion, a price-to-earnings ratio of -8.71 and a beta of 6.04. Applied Digital has a 12 month low of $3.01 and a 12 month high of $15.42. The business's 50 day moving average price is $9.55 and its 200 day moving average price is $7.83. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.56.

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Bit Origin (BTOG)

Shares of NASDAQ BTOG traded up $0.15 during trading on Friday, hitting $0.78. 360,425,897 shares of the company traded hands, compared to its average volume of 18,570,913. The business's fifty day moving average is $0.21 and its 200 day moving average is $0.33. Bit Origin has a fifty-two week low of $0.12 and a fifty-two week high of $3.09.

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BTCS (BTCS)

BTCS Inc. operates in blockchain technology sector the United States. Its blockchain-infrastructure secures and operates validator nodes on disruptive blockchain networks, as well as validates transactions for crypto holding delegations on dPoS blockchains. The company offers StakeSeeker, a cryptocurrency dashboard and staking-as-a-service platform that allows crypto asset holders to earn rewards by participating in network consensus mechanisms; and Builder+, a Ethereum block builder offered to maximize validator earnings by utilizing algorithms to construct optimized blocks for on-chain validation.

NASDAQ BTCS traded up $0.10 during mid-day trading on Friday, hitting $6.57. The company's stock had a trading volume of 41,031,353 shares, compared to its average volume of 2,580,346. The company's 50 day simple moving average is $2.97 and its 200 day simple moving average is $2.47. BTCS has a twelve month low of $0.95 and a twelve month high of $8.49. The firm has a market capitalization of $153.21 million, a price-to-earnings ratio of -3.84 and a beta of 1.15.

Read Our Latest Research Report on BTCS