Promising Financial Stocks To Consider - August 7th

Key Points

• Robinhood Markets has seen a significant increase in trading volume and reported a price of $110.67, with a market cap of $97.99 billion and a price-to-earnings ratio of 55.92.
• Coinbase Global traded at $312.50 with 8,963,658 shares exchanged, reflecting its strong presence in the crypto economy and a market cap of $79.34 billion.
• BitMine Immersion Technologies experienced a rise in share price to $39.92, with a notable trading volume compared to its average, emphasizing its emerging status in the banking sector.

Robinhood Markets, Coinbase Global, and BitMine Immersion Technologies 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, brokerage houses and investment managers—whose primary business involves managing, lending, investing or safeguarding money. These stocks tend to be sensitive to interest‐rate changes, credit conditions and regulatory developments, since those factors directly influence the profitability and risk profiles of financial institutions. These companies had the highest dollar trading volume of any Financial 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.

NASDAQ HOOD traded up $5.02 on Thursday, reaching $110.67. The stock had a trading volume of 30,859,667 shares, compared to its average volume of 41,764,238. Robinhood Markets has a 1 year low of $16.68 and a 1 year high of $113.44. The business has a 50 day moving average price of $89.38 and a 200 day moving average price of $63.12. The company has a market capitalization of $97.99 billion, a price-to-earnings ratio of 55.92, a P/E/G ratio of 4.02 and a beta of 2.36.

Read Our Latest Research Report on HOOD

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.

NASDAQ:COIN traded up $8.92 during trading hours on Thursday, reaching $312.50. The company's stock had a trading volume of 8,963,658 shares, compared to its average volume of 11,609,140. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.12 and a quick ratio of 2.13. The company has a market cap of $79.34 billion, a price-to-earnings ratio of 30.19, a price-to-earnings-growth ratio of 25.78 and a beta of 3.70. The business's 50-day moving average is $330.35 and its 200-day moving average is $260.11. Coinbase Global has a one year low of $142.58 and a one year high of $444.64.

Read Our Latest Research Report on COIN

BitMine Immersion Technologies (BMNR)

BitMine Immersion Technologies, Inc. is a financial services company in the Banking industry.

Shares of NASDAQ BMNR traded up $1.45 during trading hours on Thursday, hitting $39.92. 45,966,798 shares of the stock were exchanged, compared to its average volume of 7,167,678. The company has a market cap of $171.78 million and a P/E ratio of -90.73. BitMine Immersion Technologies has a one year low of $1.93 and a one year high of $161.00.

Read Our Latest Research Report on BMNR

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