Best Cryptocurrency Stocks To Research - August 16th

Key Points

• Five notable cryptocurrency stocks highlighted include Robinhood Markets, Galaxy Digital, Cellebrite DI, Bitdeer Technologies Group, and HIVE Digital Technologies, all of which have shown significant trading volume recently.
• Robinhood Markets has a market capitalization of $101.46 billion, with a recent trading price of $114.17, reflecting notable price movements and trading activity.
• Galaxy Digital's stock price recently hit $26.09 and has shown a one-year high of $33.17, indicating investor interest in its diverse segments like trading and investment management in the cryptocurrency sector.

Robinhood Markets, Galaxy Digital, Cellebrite DI, Bitdeer Technologies Group, and HIVE Digital Technologies are the five Cryptocurrency stocks to watch today, according to MarketBeat's stock screener tool. Cryptocurrency stocks are equity shares of publicly traded companies whose business models, revenues or assets are closely tied to digital currencies and blockchain technology—such as crypto miners, trading platforms, wallet providers or blockchain developers. By buying these stocks, investors gain indirect exposure to the crypto ecosystem without holding tokens directly. Their performance often reflects both crypto‐market movements and broader equity‐market factors. 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.

HOOD traded up $3.46 during mid-day trading on Friday, hitting $114.17. 32,125,017 shares of the stock were exchanged, compared to its average volume of 42,715,608. The firm's fifty day moving average is $95.36 and its two-hundred day moving average is $66.15. Robinhood Markets has a 1-year low of $18.71 and a 1-year high of $117.70. The company has a market cap of $101.46 billion, a PE ratio of 57.95, a PEG ratio of 4.22 and a beta of 2.36.

Read Our Latest Research Report on HOOD

Galaxy Digital (GLXY)

Galaxy Digital Holdings Ltd. is a financial services and an investment management company, which engages in the digital asset, cryptocurrency, and block chain technology sectors. It operates through the following segments: Trading, Principal Investment, Asset Management, Investment Banking, Mining, and Corporate & Other.

GLXY traded down $2.48 during mid-day trading on Friday, hitting $26.09. 10,602,249 shares of the stock were exchanged, compared to its average volume of 11,312,508. The firm's fifty day moving average price is $23.81. Galaxy Digital has a 1-year low of $8.20 and a 1-year high of $33.17. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.28.

Read Our Latest Research Report on GLXY

Cellebrite DI (CLBT)

Cellebrite DI Ltd. develops solutions for legally sanctioned investigations in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific. The company's DI suite of solutions allows users to collect, review, analyze, and manage digital data across the investigative lifecycle with respect to legally sanctioned investigations used in various cases, including child exploitation, homicide, anti-terror, border control, sexual crimes, human trafficking, corporate security, cryptocurrency, and intellectual property theft.

CLBT traded up $0.31 during mid-day trading on Friday, hitting $15.60. 6,048,418 shares of the stock were exchanged, compared to its average volume of 1,999,717. The company has a market cap of $3.74 billion, a PE ratio of -20.53, a PEG ratio of 3.09 and a beta of 1.27. The firm's fifty day moving average is $14.98 and its two-hundred day moving average is $17.82. Cellebrite DI has a 1-year low of $13.10 and a 1-year high of $26.30.

Read Our Latest Research Report on CLBT

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.

BTDR stock traded down $0.39 during mid-day trading on Friday, reaching $13.39. The company had a trading volume of 2,783,175 shares, compared to its average volume of 3,543,615. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of -3.28 and a beta of 2.23. The firm has a fifty day simple moving average of $13.00 and a 200 day simple moving average of $12.34. Bitdeer Technologies Group has a fifty-two week low of $5.40 and a fifty-two week high of $26.99.

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.

HIVE stock traded down $0.03 during mid-day trading on Friday, reaching $2.22. The company had a trading volume of 13,983,857 shares, compared to its average volume of 21,958,424. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.72 and a current ratio of 3.72. The company has a market capitalization of $509.13 million, a price-to-earnings ratio of -6.17 and a beta of 3.41. The firm has a fifty day simple moving average of $2.10 and a 200 day simple moving average of $2.01. HIVE Digital Technologies has a fifty-two week low of $1.26 and a fifty-two week high of $5.54.

Read Our Latest Research Report on HIVE

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.