Blockchain Stocks To Watch Now - May 8th

Oracle, Riot Platforms, Core Scientific, Applied Digital, and Bitdeer Technologies Group 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, integrate or otherwise derive significant business value from blockchain technology. These firms may operate cryptocurrency exchanges, manufacture mining hardware, provide blockchain-based software solutions or hold digital assets on their balance sheets. Investors buy these stocks to gain exposure to the broader blockchain and crypto ecosystem without directly trading digital currencies. 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 $1.43 during trading on Thursday, hitting $150.80. 2,256,084 shares of the company were exchanged, compared to its average volume of 9,394,161. Oracle has a fifty-two week low of $114.55 and a fifty-two week high of $198.31. The stock has a market cap of $421.78 billion, a price-to-earnings ratio of 36.88, a P/E/G ratio of 3.46 and a beta of 1.27. The firm has a fifty day moving average price of $142.49 and a two-hundred day moving average price of $163.36. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

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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.

NASDAQ RIOT traded up $0.71 on Thursday, reaching $8.55. The stock had a trading volume of 14,116,184 shares, compared to its average volume of 25,779,156. The firm has a fifty day moving average of $7.54 and a two-hundred day moving average of $10.25. The company has a market cap of $2.99 billion, a P/E ratio of 19.87 and a beta of 4.74. Riot Platforms has a 1-year low of $6.19 and a 1-year high of $15.87.

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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.

Shares of Core Scientific stock traded up $0.61 during midday trading on Thursday, hitting $9.51. 9,974,175 shares of the company traded hands, compared to its average volume of 12,918,771. The firm's fifty day moving average price is $7.94 and its 200-day moving average price is $12.14. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of -1.77 and a beta of 6.66. Core Scientific has a 12 month low of $3.29 and a 12 month high of $18.63.

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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 Applied Digital stock traded up $0.29 on Thursday, hitting $5.54. 15,869,314 shares of the company's stock traded hands, compared to its average volume of 28,896,990. Applied Digital has a one year low of $3.01 and a one year high of $12.48. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of -3.20 and a beta of 5.98. The company has a fifty day moving average of $5.71 and a two-hundred day moving average of $7.52. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.77 and a quick ratio of 0.77.

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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 NASDAQ:BTDR traded up $2.10 during mid-day trading on Thursday, hitting $13.45. 4,344,678 shares of the company traded hands, compared to its average volume of 4,632,600. Bitdeer Technologies Group has a 12-month low of $5.25 and a 12-month high of $26.99. The stock has a 50-day moving average price of $9.58 and a two-hundred day moving average price of $13.65. The stock has a market cap of $1.51 billion, a P/E ratio of -25.81 and a beta of 2.24.

Read Our Latest Research Report on BTDR