Blockchain Stocks To Follow Today - July 8th

Oracle, Core Scientific, BTCS, Applied Digital, and Riot Platforms are the five Blockchain stocks to watch today, according to MarketBeat's stock screener tool. Blockchain stocks are equity shares of companies that develop, provide or utilize blockchain technology—from cryptocurrency miners and distributed‐ledger software developers to enterprises integrating decentralized ledgers into supply chain, finance or data‐security solutions. Buying these stocks lets investors gain indirect exposure to blockchain’s potential growth without holding cryptocurrencies directly. 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.

NYSE ORCL traded up $3.94 during midday trading on Tuesday, hitting $236.20. 10,336,998 shares of the company traded hands, compared to its average volume of 10,187,803. Oracle has a 52 week low of $118.86 and a 52 week high of $241.18. The company's 50-day simple moving average is $179.98 and its 200-day simple moving average is $164.65. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market cap of $663.45 billion, a PE ratio of 54.42, a price-to-earnings-growth ratio of 3.55 and a beta of 1.39.

Read Our Latest Research Report on ORCL

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.

Shares of CORZ traded down $0.23 during midday trading on Tuesday, hitting $14.60. 22,024,886 shares of the company's stock traded hands, compared to its average volume of 13,693,733. Core Scientific has a 1 year low of $6.20 and a 1 year high of $18.63. The firm's fifty day moving average is $11.83 and its 200-day moving average is $11.11. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of -2.90 and a beta of 6.71.

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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.

BTCS stock traded up $2.23 during midday trading on Tuesday, reaching $5.03. The stock had a trading volume of 25,105,950 shares, compared to its average volume of 1,394,178. The stock has a market cap of $106.08 million, a PE ratio of -2.94 and a beta of 1.15. The firm has a fifty day simple moving average of $2.39 and a two-hundred day simple moving average of $2.31. BTCS has a 52-week low of $0.95 and a 52-week high of $5.41.

Read Our Latest Research Report on BTCS

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 NASDAQ APLD traded down $0.21 during trading on Tuesday, reaching $9.45. 12,186,933 shares of the company traded hands, compared to its average volume of 38,977,250. Applied Digital has a 12-month low of $3.01 and a 12-month high of $15.42. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.56. The stock has a market cap of $2.13 billion, a P/E ratio of -6.90 and a beta of 6.04. The firm's fifty day simple moving average is $8.68 and its 200 day simple moving average is $7.73.

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.

RIOT stock traded up $0.20 during trading on Tuesday, hitting $11.75. The stock had a trading volume of 8,682,848 shares, compared to its average volume of 28,526,529. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.23 and a quick ratio of 3.23. Riot Platforms has a twelve month low of $6.19 and a twelve month high of $15.87. The stock has a market capitalization of $4.20 billion, a P/E ratio of -8.90 and a beta of 4.57. The company's 50-day moving average price is $9.39 and its two-hundred day moving average price is $9.60.

Read Our Latest Research Report on RIOT

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