Promising Blockchain Stocks To Consider – May 3rd

Oracle, Riot Platforms, Applied Digital, Core Scientific, Globant, Bitdeer Technologies Group, 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, deploy or otherwise leverage blockchain technology in their products or services. These can include pure-play blockchain developers, cryptocurrency miners, digital wallet providers and traditional firms integrating distributed ledgers for supply chains or finance. Investing in blockchain stocks offers exposure to the potential growth of decentralised technologies but also carries the volatility and regulatory risks common to emerging tech sectors. 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 $5.28 on Friday, reaching $150.77. 11,338,726 shares of the stock traded hands, compared to its average volume of 9,424,655. Oracle has a 12 month low of $114.55 and a 12 month high of $198.31. The company has a market cap of $421.70 billion, a price-to-earnings ratio of 36.86, a P/E/G ratio of 3.46 and a beta of 1.22. The firm’s fifty day simple moving average is $143.62 and its 200 day simple moving average is $163.90. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

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 $0.62 during trading on Friday, hitting $8.39. The stock had a trading volume of 53,251,816 shares, compared to its average volume of 25,776,914. The business has a fifty day moving average of $7.61 and a two-hundred day moving average of $10.28. The firm has a market cap of $2.94 billion, a P/E ratio of 19.51 and a beta of 4.60. Riot Platforms has a fifty-two week low of $6.19 and a fifty-two week high of $15.87.

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 $0.09 on Friday, reaching $5.30. The company’s stock had a trading volume of 33,070,147 shares, compared to its average volume of 29,125,670. Applied Digital has a twelve month low of $2.98 and a twelve month high of $12.48. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.77 and a current ratio of 0.77. The firm’s 50 day moving average is $5.87 and its two-hundred day moving average is $7.58. The stock has a market cap of $1.19 billion, a PE ratio of -3.06 and a beta of 5.18.

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 NASDAQ CORZ traded up $0.19 during midday trading on Friday, reaching $8.74. The company’s stock had a trading volume of 11,662,976 shares, compared to its average volume of 12,825,481. Core Scientific has a one year low of $3.21 and a one year high of $18.63. The company has a market cap of $2.58 billion, a price-to-earnings ratio of -1.62 and a beta of 6.80. The company has a 50 day moving average price of $8.05 and a 200 day moving average price of $12.22.

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.

Globant stock traded up $1.85 during mid-day trading on Friday, hitting $119.28. The company’s stock had a trading volume of 468,097 shares, compared to its average volume of 608,622. The stock has a market capitalization of $5.25 billion, a P/E ratio of 32.06, a P/E/G ratio of 2.38 and a beta of 1.37. Globant has a twelve month low of $96.23 and a twelve month high of $238.32. The stock’s fifty day moving average price is $122.08 and its two-hundred day moving average price is $183.81.

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 BTDR traded up $0.79 during trading hours on Friday, hitting $10.97. 4,382,018 shares of the company were exchanged, compared to its average volume of 4,592,340. The firm has a fifty day simple moving average of $9.60 and a 200-day simple moving average of $13.60. The company has a market capitalization of $1.23 billion, a PE ratio of -21.10 and a beta of 2.25. Bitdeer Technologies Group has a one year low of $5.25 and a one year high of $26.99.

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.

Shares of NYSE FCN traded up $1.35 during mid-day trading on Friday, hitting $166.56. 286,162 shares of the company traded hands, compared to its average volume of 237,202. The business has a 50 day moving average of $163.50 and a two-hundred day moving average of $185.50. The stock has a market capitalization of $5.71 billion, a price-to-earnings ratio of 21.35 and a beta of 0.21. FTI Consulting has a 1 year low of $151.75 and a 1 year high of $243.60.