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Best Cryptocurrency Stocks To Consider - May 11th

Robinhood Markets logo with Finance background

Robinhood Markets, Bitdeer Technologies Group, and HIVE Digital Technologies are the three Cryptocurrency stocks to watch today, according to MarketBeat's stock screener tool. Cryptocurrency stocks are shares of publicly traded companies whose business models are closely tied to digital currencies and blockchain technology. By investing in these equities—such as those of crypto miners, blockchain developers or digital-asset exchanges—investors gain indirect exposure to cryptocurrency markets without holding tokens directly. Their performance often correlates with broader industry trends and the volatility of underlying digital assets. These companies had the highest dollar trading volume of any Cryptocurrency stocks within the last several days.

Robinhood Markets (HOOD)

Robinhood Markets, Inc. operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.

NASDAQ:HOOD traded up $0.58 on Friday, reaching $54.65. 44,231,692 shares of the stock traded hands, compared to its average volume of 26,094,314. The firm has a market capitalization of $48.39 billion, a price-to-earnings ratio of 34.81, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15. Robinhood Markets has a 1-year low of $13.98 and a 1-year high of $66.91. The company's 50 day moving average is $43.38 and its 200-day moving average is $42.50.

Read Our Latest Research Report on HOOD

Bitdeer Technologies Group (BTDR)

Bitdeer Technologies Group operates as a technology company for blockchain and computing. It offers hash rate sharing solutions, including Cloud hash rate and Hash rate marketplace; and a one-stop mining machine hosting solutions encompassing deployment, maintenance, and management services for efficient cryptocurrency mining; as well as mines cryptocurrencies for its own account.

NASDAQ:BTDR traded up $0.55 during trading hours on Friday, reaching $14.09. The company had a trading volume of 9,971,205 shares, compared to its average volume of 4,722,899. The business's 50-day simple moving average is $9.68 and its two-hundred day simple moving average is $13.77. Bitdeer Technologies Group has a twelve month low of $5.25 and a twelve month high of $26.99. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of -27.10 and a beta of 2.24.

Read Our Latest Research Report on BTDR

HIVE Digital Technologies (HIVE)

HIVE Digital Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. The company engages in the mining and sale of digital currencies, including Ethereum Classic, Bitcoin, and other coins. It also operates data centers; and offers infrastructure solutions. The company was formerly known as HIVE Blockchain Technologies Ltd.

Shares of NASDAQ HIVE traded up $0.02 during midday trading on Friday, reaching $1.85. The company's stock had a trading volume of 12,010,156 shares, compared to its average volume of 6,431,239. The company has a debt-to-equity ratio of 0.03, a current ratio of 10.41 and a quick ratio of 10.41. The stock has a market capitalization of $315.27 million, a P/E ratio of -37.00 and a beta of 3.52. The firm has a 50 day moving average price of $1.64 and a 200-day moving average price of $2.78. HIVE Digital Technologies has a 12-month low of $1.26 and a 12-month high of $5.54.

Read Our Latest Research Report on HIVE

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