Promising Blockchain Stocks To Add to Your Watchlist – April 23rd

Oracle, Riot Platforms, and Core Scientific are the three Blockchain stocks to watch today, according to MarketBeat’s stock screener tool. Blockchain stocks are shares of companies that are actively involved in blockchain technology, whether through developing infrastructure, implementing blockchain-based solutions, or investing in related areas such as cryptocurrencies. These companies may span various industries, including finance, technology, and supply chain management, and their performance is often tied to broader trends within the evolving blockchain and digital asset markets. 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.

Oracle stock traded up $4.88 during trading on Wednesday, reaching $132.12. The stock had a trading volume of 4,937,456 shares, compared to its average volume of 9,335,850. The stock has a market cap of $369.53 billion, a PE ratio of 32.30, a P/E/G ratio of 3.46 and a beta of 1.22. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The business has a 50 day moving average price of $148.93 and a 200 day moving average price of $165.72. Oracle has a 52-week low of $112.78 and a 52-week high of $198.31.

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 Platforms stock traded up $0.48 during trading on Wednesday, hitting $7.60. 23,075,493 shares of the company were exchanged, compared to its average volume of 28,285,553. Riot Platforms has a fifty-two week low of $6.19 and a fifty-two week high of $15.87. The firm has a 50 day moving average price of $8.16 and a 200 day moving average price of $10.32. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 17.67 and a beta of 4.60.

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 $0.43 during mid-day trading on Wednesday, hitting $7.35. The company had a trading volume of 7,683,213 shares, compared to its average volume of 15,675,335. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of -1.36 and a beta of 6.80. Core Scientific has a 1 year low of $2.88 and a 1 year high of $18.63. The business has a fifty day simple moving average of $8.58 and a 200-day simple moving average of $12.47.