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Top Cryptocurrency Stocks To Keep An Eye On - November 8th

Galaxy Digital logo with Finance background
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Key Points

  • Seven crypto-linked stocks highlighted: Galaxy Digital (GLXY), Bitfarms (BITF), Ionic Digital (IOND), HIVE Digital Technologies (HIVE), Digi Power X (DGXX), Soluna (SLNH), and ZenaTech (ZENA) ranked among the sector’s highest-dollar-volume names in recent trading.
  • These companies offer indirect exposure to cryptocurrency activity through mining, digital-asset services, or related infrastructure; their shares also carry ordinary business risks and are not equivalent to owning crypto.
  • Friday trading was mixed: most listed stocks rose, while ZenaTech slipped to $0.64. Several, including Galaxy Digital, Bitfarms, HIVE, and Soluna, were trading well below their 50-day moving averages.
  • MarketBeat previews the top five stocks to own by December 1st.

Galaxy Digital, Bitfarms, Ionic Digital, HIVE Digital Technologies, Digi Power X, Soluna, and ZenaTech are the seven Cryptocurrency stocks to watch today, according to MarketBeat's stock screener tool. Cryptocurrency stocks are shares of publicly traded companies whose businesses or financial results are significantly tied to cryptocurrencies, such as crypto miners, exchanges, or companies that hold digital assets. They let stock market investors gain indirect exposure to crypto-related activity, but they are not the same as owning cryptocurrency and can be affected by both crypto prices and ordinary business risks. These companies had the highest dollar trading volume of any Cryptocurrency stocks within the last several days.

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.

GLXY traded up $0.68 on Friday, hitting $13.66. 13,022,700 shares of the stock were exchanged, compared to its average volume of 9,054,627. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.50 and a quick ratio of 1.50. The firm has a market capitalization of $5.34 billion, a price-to-earnings ratio of -13.66 and a beta of 5.38. The business has a 50-day moving average of $20.86 and a two-hundred day moving average of $23.81. Galaxy Digital has a 12 month low of $11.78 and a 12 month high of $36.10.

Read Our Latest Research Report on GLXY

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.

Bitfarms stock traded up $0.22 during trading hours on Friday, hitting $1.87. The stock had a trading volume of 33,406,410 shares, compared to its average volume of 47,548,239. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of -8.13 and a beta of 3.77. Bitfarms has a one year low of $0.70 and a one year high of $6.60. The business's 50 day simple moving average is $3.06 and its 200-day simple moving average is $3.42. The company has a quick ratio of 3.14, a current ratio of 3.20 and a debt-to-equity ratio of 0.11.

Read Our Latest Research Report on BITF

Ionic Digital (IOND)

Ionic Digital is a digital infrastructure solutions and cryptocurrency mining company. We began as a pure-play cryptocurrency mining company when we were formed in January 2024 to acquire all of the cryptocurrency mining assets of Celsius Mining. From our inception, our core objective has been to monetize our portfolio of powered digital infrastructure assets.

IOND traded up $4.70 during midday trading on Friday, hitting $59.45. The company had a trading volume of 644,557 shares, compared to its average volume of 442,827. The stock has a market cap of $2.68 billion and a P/E ratio of -46.09. Ionic Digital has a 52 week low of $50.00 and a 52 week high of $89.36. The stock's 50 day simple moving average is $74.59.

Read Our Latest Research Report on IOND

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.

Shares of HIVE stock traded up $0.15 during trading hours on Friday, hitting $1.78. 10,143,919 shares of the company were exchanged, compared to its average volume of 11,319,096. The firm has a fifty day simple moving average of $2.60 and a 200 day simple moving average of $2.80. HIVE Digital Technologies has a 52-week low of $1.58 and a 52-week high of $5.34. The stock has a market capitalization of $491.67 million, a price-to-earnings ratio of -1.38 and a beta of 3.76. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.85.

Read Our Latest Research Report on HIVE

Digi Power X (DGXX)

Digihost Technology Inc. operates as a blockchain technology company that focuses on digital currency mining in the United States. It mines for cryptocurrency. The company was incorporated in 2017 and is headquartered in Toronto, Canada.

DGXX stock traded up $0.18 during midday trading on Friday, reaching $2.08. The company had a trading volume of 3,091,951 shares, compared to its average volume of 2,504,924. The company has a market capitalization of $211.41 million, a P/E ratio of -3.86 and a beta of 6.31. The firm has a 50-day moving average price of $3.28 and a 200-day moving average price of $3.92. Digi Power X has a 1 year low of $1.77 and a 1 year high of $9.20.

Read Our Latest Research Report on DGXX

Soluna (SLNH)

Soluna Holdings, Inc. together with its subsidiaries, engages in the mining of cryptocurrency through data centers. It operates through two segments, Cryptocurrency Mining and Data Center Hosting. The company also operates in the blockchain business. In addition, the company develops and builds modular data centers that use for cryptocurrency mining.

Shares of SLNH stock traded up $0.06 during trading hours on Friday, reaching $0.52. The company's stock had a trading volume of 7,580,516 shares, compared to its average volume of 12,602,869. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.02. Soluna has a one year low of $0.45 and a one year high of $2.88. The stock has a market capitalization of $127.79 million, a P/E ratio of -0.46 and a beta of 5.07. The firm's fifty day simple moving average is $0.94 and its 200 day simple moving average is $1.14.

Read Our Latest Research Report on SLNH

ZenaTech (ZENA)

ZenaTech, Inc., an enterprise software technology company, develops cloud-based software applications in Canada. It provides cryptocurrency wallets and cloud-based enterprise software solutions for the agriculture industry; cloud-based enterprise software solutions for the medical records industry; safety and compliance management software and mobile solutions; field management software and mobile solutions; integrated cloud-based enterprise software and hardware drone technology solutions for various industries; and browser-based enterprise software applications for public safety.

Shares of ZenaTech stock traded down $0.01 during trading on Friday, hitting $0.64. The company's stock had a trading volume of 2,962,075 shares, compared to its average volume of 2,542,540. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.59 and a current ratio of 1.72. The company has a fifty day simple moving average of $1.26 and a two-hundred day simple moving average of $1.87. ZenaTech has a 52 week low of $0.58 and a 52 week high of $5.17. The company has a market capitalization of $128.52 million, a PE ratio of -0.43 and a beta of 7.52.

Read Our Latest Research Report on ZENA

See Also

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