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Blockchain Stocks Worth Watching - August 5th

Oracle logo with Computer and Technology background

Key Points

  • Oracle, Applied Digital, Riot Platforms, Core Scientific, and Globant are highlighted as the top Blockchain stocks to watch according to MarketBeat's stock screener tool, reflecting their significant trading volumes recently.
  • Oracle's stock (ORCL) has shown strong growth, reaching $254.24, with a market capitalization of $714.12 billion and a PE ratio of 58.49.
  • Riot Platforms (RIOT) operates as a major bitcoin mining company, currently trading at $11.03, and has a market cap of $3.94 billion, indicating its position in the cryptocurrency sector.
  • MarketBeat previews the top five stocks to own by September 1st.

Oracle, Applied Digital, Riot Platforms, 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, implement, or provide services and infrastructure for blockchain technology. By investing in these equities—ranging from cryptocurrency miners and exchange operators to software developers and consulting firms—investors gain exposure to the growth and adoption of distributed‐ledger systems without directly owning digital assets. 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 ORCL stock traded up $1.71 during trading hours on Tuesday, reaching $254.24. The stock had a trading volume of 5,486,541 shares, compared to its average volume of 12,045,027. The firm has a market capitalization of $714.12 billion, a PE ratio of 58.49, a price-to-earnings-growth ratio of 3.65 and a beta of 1.43. 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 firm has a 50-day simple moving average of $215.48 and a 200-day simple moving average of $175.60. Oracle has a twelve month low of $118.86 and a twelve month high of $260.87.

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 up $0.15 during trading hours on Tuesday, hitting $14.10. 20,450,774 shares of the company traded hands, compared to its average volume of 38,541,004. The firm has a market cap of $3.69 billion, a P/E ratio of -12.94 and a beta of 6.17. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.36. The firm's 50-day simple moving average is $10.49 and its two-hundred day simple moving average is $8.00. 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

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 $0.39 during mid-day trading on Tuesday, hitting $11.03. The company's stock had a trading volume of 12,049,795 shares, compared to its average volume of 33,471,398. The firm has a 50-day moving average price of $11.27 and a 200 day moving average price of $9.79. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of -25.55 and a beta of 4.61. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.38 and a quick ratio of 1.38. Riot Platforms has a fifty-two week low of $6.19 and a fifty-two week high of $15.87.

Read Our Latest Research Report on RIOT

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 up $0.17 during midday trading on Tuesday, hitting $13.82. The stock had a trading volume of 6,411,910 shares, compared to its average volume of 16,275,167. Core Scientific has a fifty-two week low of $6.20 and a fifty-two week high of $18.63. The business has a 50-day simple moving average of $13.23 and a two-hundred day simple moving average of $10.99. The firm has a market cap of $4.11 billion, a P/E ratio of -2.73 and a beta of 6.60.

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 GLOB stock traded down $1.39 during trading on Tuesday, hitting $80.64. 751,769 shares of the company were exchanged, compared to its average volume of 1,055,246. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market capitalization of $3.55 billion, a price-to-earnings ratio of 23.82, a P/E/G ratio of 3.28 and a beta of 1.16. The business's 50-day simple moving average is $91.61 and its 200 day simple moving average is $127.10. Globant has a twelve month low of $78.30 and a twelve month high of $238.32.

Read Our Latest Research Report on GLOB

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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