Blockchain Stocks To Keep An Eye On - July 29th

Key Points

• MarketBeat has identified Oracle, Riot Platforms, Applied Digital, Core Scientific, and Globant as the top blockchain stocks to watch based on recent trading volumes.
• Oracle's stock reached $248.28 with a trading volume of approximately 4.87 million shares, while Riot Platforms' shares traded at $13.48 with a volume of around 15.27 million.
• Globant's shares declined to $89.64 on a trading day that saw about 433,337 shares exchanged, considerably lower than its average volume.

Oracle, Riot Platforms, Applied Digital, Core Scientific, and Globant are the five Blockchain stocks to watch today, according to MarketBeat's stock screener tool. Blockchain stocks are shares of publicly traded companies that develop, use, or invest in blockchain technology. Investors buy these stocks to gain exposure to firms building distributed-ledger applications—such as cryptocurrency miners, blockchain software providers, or businesses integrating tokenization into their operations. 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.

Oracle stock traded up $0.57 during midday trading on Tuesday, reaching $248.28. The company's stock had a trading volume of 4,867,894 shares, compared to its average volume of 12,085,755. 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 stock has a market capitalization of $697.37 billion, a P/E ratio of 57.12, a PEG ratio of 3.66 and a beta of 1.39. The stock's 50-day simple moving average is $206.18 and its 200-day simple moving average is $172.36. Oracle has a 52-week low of $118.86 and a 52-week high of $253.07.

Read Our Latest Research Report on ORCL

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 down $1.03 during trading on Tuesday, reaching $13.48. The company had a trading volume of 15,266,274 shares, compared to its average volume of 33,613,086. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.23 and a current ratio of 3.23. Riot Platforms has a twelve month low of $6.19 and a twelve month high of $15.87. The company has a market cap of $4.81 billion, a price-to-earnings ratio of -10.14 and a beta of 4.57. The firm has a 50-day simple moving average of $10.89 and a 200-day simple moving average of $9.79.

Read Our Latest Research Report on RIOT

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 $0.66 on Tuesday, hitting $9.92. 13,501,738 shares of the company were exchanged, compared to its average volume of 37,870,910. The firm has a market capitalization of $2.23 billion, a P/E ratio of -7.24 and a beta of 6.04. 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's 50 day moving average price is $10.14 and its 200 day moving average price is $7.91. Applied Digital has a 1-year low of $3.01 and a 1-year high of $15.42.

Read Our Latest Research Report on APLD

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 $0.72 on Tuesday, reaching $13.03. 7,749,735 shares of the stock were exchanged, compared to its average volume of 16,328,233. The company's 50-day moving average price is $13.05 and its 200 day moving average price is $11.02. The firm has a market capitalization of $3.88 billion, a PE ratio of -2.58 and a beta of 6.71. Core Scientific has a fifty-two week low of $6.20 and a fifty-two week high of $18.63.

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 $3.66 during trading on Tuesday, hitting $89.64. The stock had a trading volume of 433,337 shares, compared to its average volume of 1,033,325. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.13. Globant has a 12-month low of $82.39 and a 12-month high of $238.32. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 3.28 and a beta of 1.20. The stock has a 50-day simple moving average of $93.41 and a two-hundred day simple moving average of $131.53.

Read Our Latest Research Report on GLOB

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