Cryptocurrency Stocks To Add to Your Watchlist – May 2nd

Robinhood Markets, Bitdeer Technologies Group, and Bit Origin are the three Cryptocurrency stocks to watch today, according to MarketBeat’s stock screener tool. Cryptocurrency stocks are shares of publicly traded companies whose primary businesses involve digital assets and blockchain technology—such as cryptocurrency exchanges, mining operations or blockchain software providers. By buying these equities, investors can gain indirect exposure to the performance of the crypto market through traditional stock exchanges. These stocks often trade with lower volatility than the underlying tokens, while still reflecting industry trends and regulatory developments. 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.

Shares of HOOD traded up $2.67 during mid-day trading on Friday, hitting $49.29. 31,932,307 shares of the company traded hands, compared to its average volume of 25,574,336. The business has a 50 day moving average of $43.03 and a 200 day moving average of $41.41. The company has a market capitalization of $43.64 billion, a PE ratio of 31.62, a price-to-earnings-growth ratio of 1.05 and a beta of 2.17. Robinhood Markets has a 1-year low of $13.98 and a 1-year high of $66.91.

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.

Shares of NASDAQ BTDR traded up $1.04 during mid-day trading on Friday, hitting $11.22. The stock had a trading volume of 1,528,573 shares, compared to its average volume of 4,566,939. The firm has a market cap of $1.26 billion, a PE ratio of -21.62 and a beta of 2.25. The company has a 50 day moving average of $9.56 and a two-hundred day moving average of $13.57. Bitdeer Technologies Group has a twelve month low of $5.25 and a twelve month high of $26.99.

Bit Origin (BTOG)

Shares of NASDAQ:BTOG traded up $0.03 during trading on Friday, hitting $0.20. The stock had a trading volume of 51,461,763 shares, compared to its average volume of 10,105,907. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 3.61. Bit Origin has a 12-month low of $0.12 and a 12-month high of $5.73. The stock has a 50-day simple moving average of $0.23 and a two-hundred day simple moving average of $0.82.