Blockchain Stocks To Follow Now - August 2nd

Key Points

• The article highlights seven notable blockchain stocks, including Oracle, Riot Platforms, and Applied Digital, which are on investors' radars due to their high trading volumes.
• Oracle stock recently traded down to $244.44, with a market cap of $686.59 billion and a P/E ratio of 56.32.
• Applied Digital Corporation, providing data center solutions, has seen its shares fall to $12.52, with a significant trading volume of over 50 million shares on Friday.

Oracle, Applied Digital, Riot Platforms, Core Scientific, Globant, FTI Consulting, and HIVE Digital Technologies are the seven Blockchain stocks to watch today, according to MarketBeat's stock screener tool. Blockchain stocks are shares of publicly traded companies whose core business involves developing, deploying, or utilizing blockchain technology and digital ledgers. Investors buy these equities to gain exposure to firms that build blockchain platforms, mine cryptocurrencies, or offer related services such as smart contracts, decentralized finance, and tokenization. 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 traded down $9.33 during midday trading on Friday, reaching $244.44. 12,500,927 shares of the stock were exchanged, compared to its average volume of 10,602,974. The business's 50-day moving average price is $213.55 and its 200 day moving average price is $174.74. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. Oracle has a twelve month low of $118.86 and a twelve month high of $260.87. The company has a market capitalization of $686.59 billion, a price-to-earnings ratio of 56.32, a PEG ratio of 3.79 and a beta of 1.43.

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 APLD traded down $0.62 during midday trading on Friday, reaching $12.52. 50,428,153 shares of the stock were exchanged, compared to its average volume of 32,372,608. The business's 50-day moving average price is $10.49 and its 200 day moving average price is $8.01. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.77 and a quick ratio of 0.70. Applied Digital has a twelve month low of $3.01 and a twelve month high of $15.42. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of -11.49 and a beta of 6.17.

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 down $2.38 during midday trading on Friday, reaching $11.03. 50,399,854 shares of the company were exchanged, compared to its average volume of 41,813,744. Riot Platforms has a 1 year low of $6.19 and a 1 year high of $15.87. The stock has a fifty day simple moving average of $11.21 and a 200 day simple moving average of $9.85. The stock has a market cap of $3.94 billion, a P/E ratio of -25.65 and a beta of 4.57. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 0.20.

Read Our Latest Research Report on RIOT

Core Scientific (CORZ)

Core Scientific, Inc. provides digital asset mining services in North America. It operates through two segments, Mining and Hosting. The company offers blockchain infrastructure, software solutions, and services; and operates data center mining facilities. It also mines digital assets for its own account; and provides hosting services for other large bitcoin miners, which include deployment, monitoring, trouble shooting, optimization, and maintenance of its customers' digital asset mining equipment.

CORZ traded down $0.89 during trading on Friday, reaching $12.65. The company's stock had a trading volume of 14,607,142 shares, compared to its average volume of 22,353,036. Core Scientific has a 52-week low of $6.20 and a 52-week high of $18.63. The company's fifty day moving average price is $13.23 and its 200-day moving average price is $11.04. The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of -2.51 and a beta of 6.62.

Read Our Latest Research Report on CORZ

Globant (GLOB)

Globant S.A., together with its subsidiaries, provides technology services worldwide. It provides digital solutions comprising blockchain, cloud technologies, cybersecurity, data and artificial intelligence, digital experience and performance, code, Internet of Things, metaverse, and engineering and testing; and enterprise technology solutions and services, such as Agile organization, Cultural Hacking, process optimization services, as well as AWS, Google Cloud, Microsoft, Oracle, SalesForce, SAP, and ServiceNow technology solutions.

Shares of NYSE:GLOB traded down $4.48 during trading on Friday, hitting $79.78. 2,192,702 shares of the stock were exchanged, compared to its average volume of 1,160,793. The company has a fifty day moving average price of $91.99 and a two-hundred day moving average price of $129.24. The company has a market cap of $3.51 billion, a PE ratio of 23.60, a P/E/G ratio of 3.46 and a beta of 1.16. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.13. Globant has a 12-month low of $79.48 and a 12-month high of $238.32.

Read Our Latest Research Report on GLOB

FTI Consulting (FCN)

FTI Consulting, Inc. provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications segments. The Corporate Finance & Restructuring segment provides business transformation and strategy, transactions, and turnaround and restructuring services.

Shares of FTI Consulting stock traded down $0.84 during trading on Friday, hitting $165.51. 438,740 shares of the company were exchanged, compared to its average volume of 378,856. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.25. FTI Consulting has a fifty-two week low of $151.75 and a fifty-two week high of $231.65. The stock has a market capitalization of $5.36 billion, a price-to-earnings ratio of 23.31 and a beta of 0.19. The firm has a 50 day moving average price of $164.29 and a 200 day moving average price of $169.30.

Read Our Latest Research Report on FCN

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 HIVE Digital Technologies stock traded down $0.11 during trading on Friday, hitting $2.03. 32,824,111 shares of the company were exchanged, compared to its average volume of 27,489,760. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 0.03. HIVE Digital Technologies has a fifty-two week low of $1.26 and a fifty-two week high of $5.54. The stock has a market capitalization of $463.53 million, a price-to-earnings ratio of -5.64 and a beta of 3.41. The firm has a 50 day moving average price of $2.04 and a 200 day moving average price of $2.07.

Read Our Latest Research Report on HIVE

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