Promising Financial Stocks To Watch Today - August 2nd

Key Points

• Coinbase Global stock traded down to $314.69 with a market cap of $79.89 billion and a 52-week high of $444.64.
• UnitedHealth Group saw a decline to $237.40 with a market cap of $215.36 billion, down from a 52-week high of $630.73.
• Robinhood Markets dropped to $99.90, with a notable trading volume of 76,566,177 shares, compared to its average of 43,469,824 shares.

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 equity shares of companies operating in the financial services sector—such as banks, insurance companies, brokerages and asset managers. By purchasing these stocks, investors gain ownership stakes in these firms and stand to earn dividends and capital gains tied to their profitability. Their performance is often driven by factors like interest‐rate changes, credit demand 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.

Coinbase Global stock traded down $63.07 during midday trading on Friday, hitting $314.69. 31,265,570 shares of the stock were exchanged, compared to its average volume of 12,904,831. The company has a fifty day simple moving average of $327.63 and a two-hundred day simple moving average of $259.64. Coinbase Global has a 52 week low of $142.58 and a 52 week high of $444.64. The stock has a market capitalization of $79.89 billion, a PE ratio of 30.43, a P/E/G ratio of 26.32 and a beta of 3.70. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 0.40.

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 hours on Friday, reaching $237.40. 39,874,177 shares of the company's stock were exchanged, compared to its average volume of 15,268,949. The company has a market capitalization of $215.36 billion, a price-to-earnings ratio of 10.29, a price-to-earnings-growth ratio of 1.56 and a beta of 0.43. The company's 50-day moving average is $296.86 and its two-hundred day moving average is $416.24. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.85 and a current ratio of 0.85. UnitedHealth Group has a one year low of $234.60 and a one year high of $630.73.

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.

NASDAQ HOOD traded down $3.15 during trading on Friday, hitting $99.90. The stock had a trading volume of 76,566,177 shares, compared to its average volume of 43,469,824. The company's 50-day moving average price is $86.92 and its two-hundred day moving average price is $61.89. The company has a market capitalization of $88.46 billion, a PE ratio of 50.71, a P/E/G ratio of 5.19 and a beta of 2.36. Robinhood Markets has a 12 month low of $13.98 and a 12 month high of $113.44.

Read Our Latest Research Report on HOOD

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