Top Cryptocurrency Stocks To Consider - May 21st

Robinhood Markets, Bitdeer Technologies Group, Galaxy Digital, HIVE Digital Technologies, and Bitfarms are the five Cryptocurrency stocks to watch today, according to MarketBeat's stock screener tool. Cryptocurrency stocks are shares of publicly traded companies whose core business involves blockchain technology or digital assets—examples include crypto mining operations, exchanges, or firms holding sizable reserves of Bitcoin or Ethereum. Investing in these stocks gives traditional equity-market exposure to the cryptocurrency sector without directly buying tokens. Because their fortunes often rise and fall with crypto prices, they tend to exhibit higher volatility than the broader stock market. 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.

NASDAQ HOOD traded up $1.90 during trading hours on Wednesday, hitting $66.81. The company had a trading volume of 13,786,510 shares, compared to its average volume of 26,302,641. Robinhood Markets has a 1-year low of $13.98 and a 1-year high of $66.91. The company has a market cap of $59.15 billion, a PE ratio of 42.42, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15. The business has a 50 day moving average of $46.35 and a 200-day moving average of $44.22.

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Bitdeer Technologies Group (BTDR)

Bitdeer Technologies Group operates as a technology company for blockchain and computing. It offers hash rate sharing solutions, including Cloud hash rate and Hash rate marketplace; and a one-stop mining machine hosting solutions encompassing deployment, maintenance, and management services for efficient cryptocurrency mining; as well as mines cryptocurrencies for its own account.

NASDAQ:BTDR traded up $0.32 during trading hours on Wednesday, hitting $15.91. The company's stock had a trading volume of 3,136,610 shares, compared to its average volume of 4,842,214. The company has a market capitalization of $1.78 billion, a PE ratio of -31.18 and a beta of 2.24. Bitdeer Technologies Group has a 52-week low of $5.40 and a 52-week high of $26.99. The business's 50-day moving average is $10.23 and its two-hundred day moving average is $14.07.

Read Our Latest Research Report on BTDR

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 GLXY traded up $1.85 during mid-day trading on Wednesday, reaching $23.76. 1,697,388 shares of the company's stock were exchanged, compared to its average volume of 2,460,380. Galaxy Digital has a 52-week low of $21.03 and a 52-week high of $26.60.

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 $0.01 during midday trading on Wednesday, reaching $2.09. 7,462,130 shares of the stock were exchanged, compared to its average volume of 6,798,846. HIVE Digital Technologies has a 52-week low of $1.26 and a 52-week high of $5.54. The stock has a 50 day moving average price of $1.66 and a 200-day moving average price of $2.68. The company has a market capitalization of $369.21 million, a P/E ratio of -41.90 and a beta of 3.52. The company has a current ratio of 10.41, a quick ratio of 10.41 and a debt-to-equity ratio of 0.03.

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 BITF traded up $0.03 during midday trading on Wednesday, reaching $1.15. 13,030,301 shares of the company were exchanged, compared to its average volume of 28,513,470. The stock has a 50-day moving average price of $0.95 and a 200-day moving average price of $1.43. Bitfarms has a 1-year low of $0.67 and a 1-year high of $3.28. The company has a market cap of $617.38 million, a price-to-earnings ratio of -3.18 and a beta of 3.69. The company has a current ratio of 3.70, a quick ratio of 3.68 and a debt-to-equity ratio of 0.04.

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