Promising Cryptocurrency Stocks To Research - July 30th

Key Points

• MarketBeat highlights five key **cryptocurrency stocks** to monitor, including **Robinhood Markets**, **Galaxy Digital**, **HIVE Digital Technologies**, **Bitfarms**, and **BTCS**, based on their recent trading volumes.
• **Robinhood Markets** has a significant market capitalization of **$93.96 billion** and its stock price has fluctuated between **$13.98 and $113.44** over the past year, reflecting its volatility in the market.
• **HIVE Digital Technologies** is engaged in cryptocurrency mining across multiple countries, and its stock trades at **$2.27** with a notable debt-to-equity ratio of **0.03**, showcasing its financial health relative to equity.

Robinhood Markets, Galaxy Digital, HIVE Digital Technologies, Bitfarms, and BTCS are the five Cryptocurrency stocks to watch today, according to MarketBeat's stock screener tool. Cryptocurrency stocks are shares of publicly traded companies whose business activities center on blockchain technology, crypto mining, digital-asset trading or related services. By buying these equities, investors gain indirect exposure to the performance and volatility of the cryptocurrency market without holding tokens themselves. 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.

HOOD stock traded up $2.79 during mid-day trading on Wednesday, hitting $106.11. The company had a trading volume of 14,421,376 shares, compared to its average volume of 41,394,355. The company has a market capitalization of $93.96 billion, a price-to-earnings ratio of 60.28, a P/E/G ratio of 5.44 and a beta of 2.36. Robinhood Markets has a 12-month low of $13.98 and a 12-month high of $113.44. The company has a 50-day moving average price of $84.57 and a 200 day moving average price of $60.74.

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.

Shares of NASDAQ GLXY traded up $1.71 during mid-day trading on Wednesday, hitting $28.47. 4,422,280 shares of the company's stock traded hands, compared to its average volume of 2,785,325. The business has a 50-day moving average of $21.93. 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.

Shares of NASDAQ HIVE traded up $0.12 during mid-day trading on Wednesday, hitting $2.27. 14,369,704 shares of the company's stock traded hands, compared to its average volume of 14,356,194. The company's 50-day moving average is $2.04 and its two-hundred day moving average is $2.08. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.72 and a quick ratio of 3.72. The company has a market capitalization of $511.46 million, a P/E ratio of -6.29 and a beta of 3.40. HIVE Digital Technologies has a 1 year low of $1.26 and a 1 year high of $5.54.

Read Our Latest Research Report on HIVE

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.

Shares of NASDAQ BITF traded up $0.01 during mid-day trading on Wednesday, hitting $1.25. 12,668,217 shares of the company's stock traded hands, compared to its average volume of 25,633,227. The company's 50-day moving average is $0.98 and its two-hundred day moving average is $1.09. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 2.58. The company has a market capitalization of $694.15 million, a P/E ratio of -6.55 and a beta of 3.45. Bitfarms has a 1 year low of $0.67 and a 1 year high of $2.76.

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.

BTCS stock traded down $0.15 during midday trading on Wednesday, reaching $4.91. The stock had a trading volume of 2,629,143 shares, compared to its average volume of 3,606,531. The firm has a market cap of $114.38 million, a price-to-earnings ratio of -2.87 and a beta of 1.15. The company has a fifty day moving average of $3.44 and a 200 day moving average of $2.62. BTCS has a 52-week low of $0.95 and a 52-week high of $8.49.

Read Our Latest Research Report on BTCS

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