Blockchain Stocks To Research - June 22nd

Oracle, Applied Digital, and Riot Platforms are the three Blockchain stocks to watch today, according to MarketBeat's stock screener tool. Blockchain stocks are shares of companies that develop or utilize blockchain and distributed ledger technologies, including cryptocurrency miners, platform providers, and firms building blockchain-based applications. Investing in these stocks offers exposure to the growth potential of blockchain innovations but also carries risks tied to technological shifts and regulatory changes. 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 down $5.82 during trading hours on Friday, hitting $205.06. 20,826,667 shares of the company's stock traded hands, compared to its average volume of 9,840,571. Oracle has a 52 week low of $118.86 and a 52 week high of $216.60. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.02 and a current ratio of 0.75. The company's fifty day simple moving average is $160.39 and its two-hundred day simple moving average is $161.33. The company has a market cap of $573.53 billion, a price-to-earnings ratio of 47.25, a price-to-earnings-growth ratio of 3.08 and a beta of 1.32.

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.

Applied Digital stock traded down $0.28 during midday trading on Friday, reaching $10.33. The stock had a trading volume of 37,414,020 shares, compared to its average volume of 77,974,872. The firm's fifty day simple moving average is $7.38 and its two-hundred day simple moving average is $7.66. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of -7.54 and a beta of 6.08. Applied Digital has a twelve month low of $3.01 and a twelve month high of $15.42.

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 $0.38 during mid-day trading on Friday, reaching $9.56. The company had a trading volume of 33,881,355 shares, compared to its average volume of 27,726,069. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.23 and a current ratio of 3.23. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of -7.24 and a beta of 4.53. The stock has a fifty day moving average of $8.51 and a two-hundred day moving average of $9.72. Riot Platforms has a 12-month low of $6.19 and a 12-month high of $15.87.

Read Our Latest Research Report on RIOT