Blockchain Stocks To Follow Now - May 9th

Oracle, Riot Platforms, Bitdeer Technologies Group, Applied Digital, and Core Scientific are the five Blockchain stocks to watch today, according to MarketBeat's stock screener tool. Blockchain stocks are equity shares of companies whose core business involves developing, implementing or supporting blockchain and distributed ledger technologies. Such firms include cryptocurrency miners, digital payment processors, enterprise software providers and platforms that facilitate smart contracts or tokenization. Investing in blockchain stocks lets individuals gain exposure to the growth of decentralized technologies without directly buying 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 NYSE ORCL traded up $0.34 during midday trading on Friday, reaching $150.64. 1,655,885 shares of the stock traded hands, compared to its average volume of 9,397,638. Oracle has a one year low of $114.55 and a one year high of $198.31. The stock has a market capitalization of $421.33 billion, a PE ratio of 36.83, a P/E/G ratio of 3.46 and a beta of 1.27. The company's 50 day moving average is $142.26 and its 200 day moving average is $163.20. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

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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.

Shares of RIOT traded down $0.04 during mid-day trading on Friday, hitting $8.40. 17,837,546 shares of the company traded hands, compared to its average volume of 25,858,396. Riot Platforms has a 1-year low of $6.19 and a 1-year high of $15.87. The business has a 50 day moving average of $7.53 and a 200 day moving average of $10.24. The company has a market capitalization of $2.94 billion, a PE ratio of 19.54 and a beta of 4.74.

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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.

Shares of BTDR stock traded up $0.32 during trading hours on Friday, hitting $13.86. The company had a trading volume of 4,389,340 shares, compared to its average volume of 4,666,967. The stock has a market capitalization of $1.55 billion, a PE ratio of -26.65 and a beta of 2.24. The company's fifty day moving average is $9.62 and its 200 day moving average is $13.68. Bitdeer Technologies Group has a fifty-two week low of $5.25 and a fifty-two week high of $26.99.

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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.

Shares of APLD stock traded down $0.28 during midday trading on Friday, reaching $5.22. 11,157,674 shares of the company traded hands, compared to its average volume of 28,849,029. The firm's 50 day simple moving average is $5.68 and its two-hundred day simple moving average is $7.50. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market cap of $1.17 billion, a PE ratio of -3.02 and a beta of 5.98. Applied Digital has a 1-year low of $3.01 and a 1-year high of $12.48.

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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 $0.11 during trading on Friday, hitting $9.34. The company had a trading volume of 3,654,957 shares, compared to its average volume of 12,962,035. Core Scientific has a 1-year low of $3.46 and a 1-year high of $18.63. The company has a market cap of $2.75 billion, a PE ratio of -1.73 and a beta of 6.66. The business has a 50-day moving average of $7.93 and a 200-day moving average of $12.12.

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