Blockchain Stocks To Keep An Eye On - November 4th

Key Points

• Core Scientific, Bitdeer Technologies Group, and Figure Technology Solutions were identified as blockchain stocks to watch based on recent dollar trading volume. Their businesses span digital-asset mining and hosting, blockchain computing, and blockchain-based capital markets.
• Core Scientific and Bitdeer shares fell during Wednesday trading to $12.82 and $6.67, respectively; both are trading near their 52-week lows and have negative P/E ratios.
• Figure shares rose to $23.53, but remained well below their 52-week high of $78.00. The article notes blockchain stocks can carry elevated volatility and regulatory risk.

Core Scientific, Bitdeer Technologies Group, and Figure Technology Solutions are the three Blockchain stocks to watch today, according to MarketBeat's stock screener tool. Blockchain stocks are shares of publicly traded companies whose business operations, revenues, or investments are significantly connected to blockchain technology, cryptocurrencies, or digital assets. They may include cryptocurrency miners, exchanges, blockchain software developers, and companies holding digital currencies, and often carry higher volatility and regulatory risk than traditional stocks. These companies had the highest dollar trading volume of any Blockchain stocks within the last several days.

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 down $1.42 during mid-day trading on Wednesday, reaching $12.82. The company had a trading volume of 11,409,486 shares, compared to its average volume of 12,810,875. Core Scientific has a 52-week low of $12.31 and a 52-week high of $30.46. The stock has a market capitalization of $4.12 billion, a P/E ratio of -2.87 and a beta of 5.56. The stock has a 50 day moving average of $16.02 and a two-hundred day moving average of $19.58.

Read Our Latest Research Report on CORZ

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 Bitdeer Technologies Group stock traded down $0.25 during trading hours on Wednesday, reaching $6.67. The stock had a trading volume of 7,230,081 shares, compared to its average volume of 9,689,623. The stock's 50 day moving average is $10.09 and its 200 day moving average is $11.65. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.20. Bitdeer Technologies Group has a twelve month low of $5.99 and a twelve month high of $23.30. The firm has a market capitalization of $1.52 billion, a PE ratio of -2.17 and a beta of 2.72.

Read Our Latest Research Report on BTDR

Figure Technology Solutions (FIGR)

Figure is building the future of capital markets using blockchain-based technology. Figure’s proprietary technology powers next-generation lending, trading and investing activities in areas such as consumer credit and digital assets. Our application of the blockchain ledger allows us to better serve our end-customers, improve speed and efficiency, and enhance standardization and liquidity.

Figure Technology Solutions stock traded up $1.43 during trading on Wednesday, reaching $23.53. The company had a trading volume of 1,527,530 shares, compared to its average volume of 4,642,207. The firm's 50-day simple moving average is $30.39 and its 200 day simple moving average is $34.16. Figure Technology Solutions has a 1-year low of $20.92 and a 1-year high of $78.00. The firm has a market capitalization of $4.37 billion, a PE ratio of 25.31, a price-to-earnings-growth ratio of 0.33 and a beta of 0.94. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.86 and a current ratio of 1.86.

Read Our Latest Research Report on FIGR

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