Top Blockchain Stocks To Research - August 17th

Key Points

• MarketBeat has identified seven key blockchain stocks to research, including Oracle, Bullish, and Core Scientific, all of which have seen high trading volumes recently.
• Oracle Corporation's shares increased by $3.52 to reach $248.48, with a market capitalization of $697.94 billion and a price-to-earnings ratio of 57.25.
• Bullish is a digital asset platform focused on supporting institutional growth in stablecoins and blockchain technology, with its stock trading at $69.73 after a drop of $4.90.

Oracle, Bullish, Core Scientific, Globant, Riot Platforms, Applied Digital, and FTI Consulting are the seven Blockchain stocks to watch today, according to MarketBeat's stock screener tool. Blockchain stocks are shares of publicly traded companies that develop, implement, or derive a significant portion of their revenue from blockchain technology and related services. These firms may focus on activities such as distributed ledger platforms, cryptocurrency mining, smart-contract development, or blockchain-based financial applications. Investors in blockchain stocks aim to gain exposure to the potential growth and innovation of decentralized digital ledgers without directly holding cryptocurrencies. These companies had the highest dollar trading volume of any Blockchain stocks within the last several days.

Oracle (ORCL)

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

NYSE:ORCL traded up $3.52 on Friday, reaching $248.48. 11,535,891 shares of the company's stock were exchanged, compared to its average volume of 9,821,110. The firm has a market capitalization of $697.94 billion, a price-to-earnings ratio of 57.25, a price-to-earnings-growth ratio of 3.71 and a beta of 1.43. Oracle has a 52-week low of $118.86 and a 52-week high of $260.87. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The business has a fifty day moving average of $230.54 and a 200-day moving average of $180.52.

Read Our Latest Research Report on ORCL

Bullish (BLSH)

Bullish is an institutionally focused global digital asset platform that provides market infrastructure and information services. Our objective is to provide mission critical products and services that are designed to help institutions grow their businesses, empower individual customers, and drive the adoption of stablecoins, digital assets, and blockchain technology.

Bullish stock traded down $4.90 during midday trading on Friday, reaching $69.73. 9,051,959 shares of the company were exchanged, compared to its average volume of 20,713,152. Bullish has a 1 year low of $68.00 and a 1 year high of $118.00.

Read Our Latest Research Report on BLSH

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.

NASDAQ:CORZ traded up $0.29 during trading hours on Friday, hitting $14.13. 43,578,380 shares of the company's stock traded hands, compared to its average volume of 15,527,717. The firm has a market cap of $4.32 billion, a P/E ratio of -25.23 and a beta of 6.60. The stock's fifty day moving average price is $13.80 and its two-hundred day moving average price is $11.01. Core Scientific has a twelve month low of $6.20 and a twelve month high of $18.63.

Read Our Latest Research Report on CORZ

Globant (GLOB)

Globant S.A., together with its subsidiaries, provides technology services worldwide. It provides digital solutions comprising blockchain, cloud technologies, cybersecurity, data and artificial intelligence, digital experience and performance, code, Internet of Things, metaverse, and engineering and testing; and enterprise technology solutions and services, such as Agile organization, Cultural Hacking, process optimization services, as well as AWS, Google Cloud, Microsoft, Oracle, SalesForce, SAP, and ServiceNow technology solutions.

Shares of NYSE GLOB traded down $11.58 during midday trading on Friday, hitting $66.54. The stock had a trading volume of 7,477,307 shares, compared to its average volume of 1,669,236. The company's 50-day simple moving average is $87.59 and its 200 day simple moving average is $119.40. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a market cap of $2.93 billion, a P/E ratio of 27.05, a price-to-earnings-growth ratio of 2.73 and a beta of 1.16. Globant has a fifty-two week low of $64.51 and a fifty-two week high of $238.32.

Read Our Latest Research Report on GLOB

Riot Platforms (RIOT)

Riot Platforms, Inc., together with its subsidiaries, operates as a bitcoin mining company in North America. The company operates through three segments: Bitcoin Mining, Data Center Hosting, and Engineering. It also provides co-location services for institutional-scale bitcoin mining companies; critical infrastructure and workforce for institutional-scale miners to deploy and operate their miners; operation of data centers; and maintenance/management of computing capacity.

Shares of RIOT stock traded down $0.92 during trading on Friday, hitting $11.33. The company had a trading volume of 30,807,471 shares, compared to its average volume of 40,177,768. The stock's 50-day moving average price is $11.74 and its 200 day moving average price is $9.74. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.38 and a current ratio of 1.38. Riot Platforms has a one year low of $6.19 and a one year high of $15.87. The firm has a market capitalization of $4.19 billion, a P/E ratio of -26.35 and a beta of 4.61.

Read Our Latest Research Report on RIOT

Applied Digital (APLD)

Applied Digital Corporation designs, develops, and operates datacenters in North America. Its datacenters provide digital infrastructure solutions to the high-performance computing industry. The company also provides artificial intelligence cloud services, high performance computing datacenter hosting, and crypto datacenter hosting services.

APLD stock traded down $0.46 during mid-day trading on Friday, reaching $14.09. 17,738,658 shares of the company traded hands, compared to its average volume of 34,620,852. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.36. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of -12.93 and a beta of 6.17. The firm's 50 day moving average price is $11.45 and its 200 day moving average price is $8.43. Applied Digital has a fifty-two week low of $3.01 and a fifty-two week high of $15.85.

Read Our Latest Research Report on APLD

FTI Consulting (FCN)

FTI Consulting, Inc. provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications segments. The Corporate Finance & Restructuring segment provides business transformation and strategy, transactions, and turnaround and restructuring services.

NYSE:FCN traded down $1.70 during midday trading on Friday, hitting $165.80. The company had a trading volume of 482,338 shares, compared to its average volume of 390,757. The stock's fifty day moving average price is $164.95 and its 200-day moving average price is $167.32. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.25. FTI Consulting has a 52-week low of $151.75 and a 52-week high of $231.65. The company has a market capitalization of $5.37 billion, a PE ratio of 23.35 and a beta of 0.18.

Read Our Latest Research Report on FCN

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