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Cryptocurrency Stocks To Consider - August 2nd

Robinhood Markets logo with Finance background

Key Points

  • The article highlights seven key cryptocurrency stocks to watch, including Robinhood Markets, Galaxy Digital, and HIVE Digital Technologies, which have shown significant trading volumes recently.
  • Robinhood Markets operates a financial platform offering access to various investment products, including cryptocurrencies, and has seen its stock fluctuate between a 52-week low of $13.98 and a high of $113.44.
  • Galaxy Digital specializes in financial services and investment management in the cryptocurrency sector, with its stock trading near $26.88 and a 1-year high of $33.17.
  • MarketBeat previews top five stocks to own in September.

Robinhood Markets, Galaxy Digital, HIVE Digital Technologies, Bitdeer Technologies Group, Bitfarms, BTCS, and Cellebrite DI are the seven Cryptocurrency stocks to watch today, according to MarketBeat's stock screener tool. Cryptocurrency stocks are shares of publicly traded companies whose core business activities involve digital currencies or blockchain technology. By investing in these equities—such as crypto miners, exchange operators or firms holding large cryptocurrency reserves—investors gain exposure to the crypto sector without directly buying tokens. These companies had the highest dollar trading volume of any Cryptocurrency stocks within the last several days.

Robinhood Markets (HOOD)

Robinhood Markets, Inc. operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.

Robinhood Markets stock traded down $3.15 during mid-day trading on Friday, hitting $99.90. The company's stock had a trading volume of 76,566,177 shares, compared to its average volume of 43,469,824. The firm's 50 day moving average is $86.92 and its 200 day moving average is $61.89. Robinhood Markets has a 52-week low of $13.98 and a 52-week high of $113.44. The company has a market cap of $88.46 billion, a PE ratio of 50.71, a price-to-earnings-growth ratio of 5.19 and a beta of 2.36.

Read Our Latest Research Report on HOOD

Galaxy Digital (GLXY)

Galaxy Digital Holdings Ltd. is a financial services and an investment management company, which engages in the digital asset, cryptocurrency, and block chain technology sectors. It operates through the following segments: Trading, Principal Investment, Asset Management, Investment Banking, Mining, and Corporate & Other.

NASDAQ GLXY traded down $1.54 on Friday, reaching $26.88. The stock had a trading volume of 9,464,865 shares, compared to its average volume of 9,555,869. The firm has a 50 day simple moving average of $22.22. Galaxy Digital has a 1 year low of $6.89 and a 1 year high of $33.17.

Read Our Latest Research Report on GLXY

HIVE Digital Technologies (HIVE)

HIVE Digital Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. The company engages in the mining and sale of digital currencies, including Ethereum Classic, Bitcoin, and other coins. It also operates data centers; and offers infrastructure solutions. The company was formerly known as HIVE Blockchain Technologies Ltd.

NASDAQ HIVE traded down $0.11 on Friday, reaching $2.03. The stock had a trading volume of 32,824,111 shares, compared to its average volume of 27,489,760. The business has a 50 day moving average price of $2.04 and a 200 day moving average price of $2.07. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 0.03. HIVE Digital Technologies has a 1 year low of $1.26 and a 1 year high of $5.54. The company has a market capitalization of $463.53 million, a price-to-earnings ratio of -5.64 and a beta of 3.41.

Read Our Latest Research Report on HIVE

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.

NASDAQ BTDR traded down $0.78 on Friday, reaching $12.11. The stock had a trading volume of 3,847,406 shares, compared to its average volume of 4,251,547. The business has a 50 day moving average price of $13.10 and a 200 day moving average price of $12.81. Bitdeer Technologies Group has a 1 year low of $5.40 and a 1 year high of $26.99. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of -2.97 and a beta of 2.23.

Read Our Latest Research Report on BTDR

Bitfarms (BITF)

Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada.

NASDAQ BITF traded down $0.10 on Friday, reaching $1.16. The stock had a trading volume of 33,555,685 shares, compared to its average volume of 25,884,056. The business has a 50 day moving average price of $0.99 and a 200 day moving average price of $1.09. The company has a current ratio of 2.64, a quick ratio of 2.58 and a debt-to-equity ratio of 0.03. Bitfarms has a 1 year low of $0.67 and a 1 year high of $2.76. The company has a market capitalization of $646.76 million, a price-to-earnings ratio of -6.11 and a beta of 3.45.

Read Our Latest Research Report on BITF

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.

NASDAQ BTCS traded down $0.51 during trading on Friday, hitting $4.06. 5,036,873 shares of the company traded hands, compared to its average volume of 20,931,526. BTCS has a 12 month low of $0.95 and a 12 month high of $8.49. The business has a fifty day simple moving average of $3.54 and a 200 day simple moving average of $2.66. The company has a market capitalization of $94.68 million, a P/E ratio of -2.37 and a beta of 1.17.

Read Our Latest Research Report on BTCS

Cellebrite DI (CLBT)

Cellebrite DI Ltd. develops solutions for legally sanctioned investigations in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific. The company's DI suite of solutions allows users to collect, review, analyze, and manage digital data across the investigative lifecycle with respect to legally sanctioned investigations used in various cases, including child exploitation, homicide, anti-terror, border control, sexual crimes, human trafficking, corporate security, cryptocurrency, and intellectual property theft.

NASDAQ CLBT traded down $0.28 during trading on Friday, hitting $13.70. 950,250 shares of the company traded hands, compared to its average volume of 1,437,634. Cellebrite DI has a 12 month low of $11.90 and a 12 month high of $26.30. The business has a fifty day simple moving average of $15.52 and a 200 day simple moving average of $18.45. The company has a market capitalization of $3.28 billion, a P/E ratio of -14.27, a PEG ratio of 2.82 and a beta of 1.28.

Read Our Latest Research Report on CLBT

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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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