Promising Cryptocurrency Stocks To Consider – May 20th

Robinhood Markets, HIVE Digital Technologies, and Bitdeer Technologies Group are the three Cryptocurrency stocks to watch today, according to MarketBeat’s stock screener tool. Cryptocurrency stocks are shares of publicly traded companies whose core businesses involve digital currencies and blockchain technology—such as miners, exchanges, wallet providers or blockchain developers. By buying these stocks, investors gain indirect exposure to the crypto market through traditional equity markets, with risks and returns tied both to the underlying companies and to broader cryptocurrency price movements. 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 Robinhood Markets stock traded up $0.16 during trading on Tuesday, hitting $64.43. 15,410,624 shares of the company’s stock traded hands, compared to its average volume of 26,281,458. The firm’s fifty day moving average price is $45.78 and its 200 day moving average price is $44.07. Robinhood Markets has a twelve month low of $13.98 and a twelve month high of $66.91. The company has a market cap of $57.05 billion, a PE ratio of 40.98, a PEG ratio of 1.05 and a beta of 2.15.

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 HIVE Digital Technologies stock traded down $0.03 during trading on Tuesday, hitting $2.07. 8,767,739 shares of the company’s stock traded hands, compared to its average volume of 6,734,306. 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’s fifty day moving average price is $1.65 and its 200 day moving average price is $2.69. HIVE Digital Technologies has a twelve month low of $1.26 and a twelve month high of $5.54. The company has a market cap of $365.67 million, a PE ratio of -41.30 and a beta of 3.52.

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 Bitdeer Technologies Group stock traded down $0.17 during trading on Tuesday, hitting $15.15. 1,036,604 shares of the company’s stock traded hands, compared to its average volume of 4,817,940. The company has a market cap of $1.70 billion, a PE ratio of -29.10 and a beta of 2.24. Bitdeer Technologies Group has a twelve month low of $5.40 and a twelve month high of $26.99. The firm’s fifty day moving average price is $10.12 and its 200 day moving average price is $14.06.