Blockchain Stocks To Watch Today – May 16th

Globant, Oracle, Applied Digital, Riot Platforms, Core Scientific, Bitdeer Technologies Group, and HIVE Digital Technologies are the seven Blockchain stocks to watch today, according to MarketBeat’s stock screener tool. Blockchain stocks are shares of publicly traded companies whose core business involves developing, implementing, or leveraging blockchain and distributed-ledger technology. They can include pure-play firms that build blockchain platforms or cryptocurrency miners, as well as larger corporations integrating blockchain into their services. Investors buy these stocks to gain exposure to the potential growth of decentralized-ledger solutions without directly holding digital currencies. These companies had the highest dollar trading volume of any Blockchain stocks within the last several days.

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.

NYSE GLOB traded down $34.05 on Friday, hitting $98.79. 6,685,131 shares of the stock were exchanged, compared to its average volume of 653,208. Globant has a fifty-two week low of $89.13 and a fifty-two week high of $238.32. The company has a market cap of $4.35 billion, a PE ratio of 26.54, a PEG ratio of 2.38 and a beta of 1.37. The company has a 50-day moving average price of $119.37 and a 200-day moving average price of $178.25.

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.

Shares of NYSE:ORCL traded up $0.11 during trading on Friday, hitting $159.51. 2,606,134 shares of the company were exchanged, compared to its average volume of 9,426,385. The stock has a market capitalization of $446.13 billion, a P/E ratio of 39.02, a PEG ratio of 3.46 and a beta of 1.27. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle has a 12-month low of $114.55 and a 12-month high of $198.31. The firm’s 50 day moving average price is $142.59 and its 200-day moving average price is $162.66.

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.

NASDAQ APLD traded up $0.96 during trading hours on Friday, hitting $6.55. 35,158,319 shares of the stock were exchanged, compared to its average volume of 29,540,568. The company has a market cap of $1.47 billion, a price-to-earnings ratio of -3.79 and a beta of 5.98. Applied Digital has a 12-month low of $3.01 and a 12-month high of $12.48. The stock has a 50-day moving average of $5.54 and a 200 day moving average of $7.40. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.22.

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.

NASDAQ RIOT traded up $0.70 during trading hours on Friday, hitting $9.40. 17,750,464 shares of the stock were exchanged, compared to its average volume of 26,125,558. Riot Platforms has a 12-month low of $6.19 and a 12-month high of $15.87. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 21.90 and a beta of 4.74. The stock has a 50-day moving average of $7.59 and a 200 day moving average of $10.19.

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.

Shares of CORZ stock traded up $0.23 during trading hours on Friday, hitting $10.74. The company’s stock had a trading volume of 6,262,999 shares, compared to its average volume of 13,093,617. Core Scientific has a twelve month low of $3.67 and a twelve month high of $18.63. The business has a fifty day moving average of $8.08 and a 200-day moving average of $11.99. The stock has a market cap of $3.20 billion, a price-to-earnings ratio of -1.99 and a beta of 6.66.

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 $0.89 during trading hours on Friday, reaching $14.62. 2,045,201 shares of the company were exchanged, compared to its average volume of 4,788,454. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of -28.13 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 stock has a 50 day simple moving average of $9.93 and a 200 day simple moving average of $13.89.

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.

NASDAQ:HIVE traded up $0.19 during trading hours on Friday, reaching $2.03. 9,764,318 shares of the company were exchanged, compared to its average volume of 6,636,533. The stock has a 50 day simple moving average of $1.64 and a 200 day simple moving average of $2.73. HIVE Digital Technologies has a 52-week low of $1.26 and a 52-week high of $5.54. The company has a debt-to-equity ratio of 0.03, a current ratio of 10.41 and a quick ratio of 10.41. The firm has a market cap of $358.77 million, a price-to-earnings ratio of -40.70 and a beta of 3.52.