Financial Stocks To Watch Today - August 3rd

Key Points

• Coinbase Global is highlighting its role in the crypto economy, trading at $314.69 with a market cap of $79.89 billion, as it continues to offer significant liquidity for crypto transactions.
• UnitedHealth Group operates as a diversified health care company with a market cap of $215.36 billion and recently traded at $237.40, reflecting a notable drop from its 12-month high of $630.73.
• Robinhood Markets offers a financial services platform with a market cap of $88.46 billion, trading at $99.90, and facilitates a variety of trading options including fractional trading and cryptocurrencies.

Coinbase Global, UnitedHealth Group, and Robinhood Markets are the three Financial stocks to watch today, according to MarketBeat's stock screener tool. Financial stocks are shares of companies operating in the financial sector—such as banks, insurance firms, investment managers and brokerage houses. These stocks represent ownership in firms that earn revenue through lending, underwriting, asset management and related services. Their performance is often driven by interest‐rate movements, regulatory changes and overall economic conditions. These companies had the highest dollar trading volume of any Financial stocks within the last several days.

Coinbase Global (COIN)

Coinbase Global, Inc. provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.

COIN stock traded down $63.07 during midday trading on Friday, reaching $314.69. 31,265,570 shares of the company's stock traded hands, compared to its average volume of 12,904,831. The company has a 50-day moving average price of $327.63 and a two-hundred day moving average price of $259.53. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.52 and a current ratio of 2.52. Coinbase Global has a 52 week low of $142.58 and a 52 week high of $444.64. The firm has a market capitalization of $79.89 billion, a PE ratio of 30.43, a price-to-earnings-growth ratio of 21.92 and a beta of 3.70.

Read Our Latest Research Report on COIN

UnitedHealth Group (UNH)

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. The company operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health care coverage, and health and well-being services to individuals age 50 and older addressing their needs; Medicaid plans, children's health insurance and health care programs; and health and dental benefits, and hospital and clinical services, as well as health care benefits products and services to state programs caring for the economically disadvantaged, medically underserved, and those without the benefit of employer-funded health care coverage.

NYSE UNH traded down $12.16 during trading on Friday, hitting $237.40. 39,874,177 shares of the company's stock traded hands, compared to its average volume of 15,268,949. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.85 and a quick ratio of 0.85. UnitedHealth Group has a 12-month low of $234.60 and a 12-month high of $630.73. The stock has a fifty day moving average of $296.86 and a two-hundred day moving average of $415.36. The firm has a market cap of $215.36 billion, a P/E ratio of 10.29, a PEG ratio of 1.49 and a beta of 0.43.

Read Our Latest Research Report on UNH

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.

Shares of HOOD traded down $3.15 on Friday, hitting $99.90. 76,566,177 shares of the stock traded hands, compared to its average volume of 43,469,824. The business has a 50 day simple moving average of $86.92 and a 200 day simple moving average of $62.00. The company has a market capitalization of $88.46 billion, a PE ratio of 50.71, a P/E/G ratio of 5.03 and a beta of 2.36. Robinhood Markets has a one year low of $13.98 and a one year high of $113.44.

Read Our Latest Research Report on HOOD

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