Blockchain Stocks Worth Watching – May 7th

Oracle, Riot Platforms, and Applied Digital are the three Blockchain stocks to watch today, according to MarketBeat’s stock screener tool. Blockchain stocks are shares of publicly traded companies that develop, integrate or provide services based on blockchain and distributed-ledger technologies. By investing in these equities, shareholders gain indirect exposure to the growth and innovation of blockchain ecosystems—such as cryptocurrency mining, smart contracts or decentralized finance—without having to purchase digital tokens directly. 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 $1.10 during midday trading on Wednesday, hitting $148.80. The company had a trading volume of 2,036,502 shares, compared to its average volume of 9,395,183. 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 stock’s fifty day moving average price is $142.82 and its 200-day moving average price is $163.46. Oracle has a 52-week low of $114.55 and a 52-week high of $198.31. The company has a market capitalization of $416.17 billion, a PE ratio of 36.37, a P/E/G ratio of 3.46 and a beta of 1.27.

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 stock traded down $0.01 on Wednesday, hitting $7.86. 9,987,948 shares of the company’s stock traded hands, compared to its average volume of 25,740,134. Riot Platforms has a one year low of $6.19 and a one year high of $15.87. The company’s fifty day simple moving average is $7.57 and its 200 day simple moving average is $10.26. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 18.27 and a beta of 4.74.

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.

Shares of NASDAQ APLD traded down $0.04 during trading hours on Wednesday, hitting $5.17. The company’s stock had a trading volume of 10,334,424 shares, compared to its average volume of 28,887,537. 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 stock has a market cap of $1.16 billion, a price-to-earnings ratio of -2.99 and a beta of 5.98. The business has a 50-day simple moving average of $5.76 and a 200-day simple moving average of $7.53. Applied Digital has a 12 month low of $3.01 and a 12 month high of $12.48.