MarketBeat’s stock screener tool has identified five blockchain stocks that are worth keeping an eye on today. These companies are leaders in the development, use, or provision of services centered around blockchain technology. Blockchain technology is the foundation of cryptocurrencies and other digital assets, and investing in these companies provides a way to gain exposure to advancements in distributed ledger technology.
Oracle (ORCL) – A Leader in Enterprise Information Technology
Oracle Corporation offers a range of products and services that address enterprise information technology environments worldwide. Its cloud software as a service offering includes various cloud software applications, such as Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, and Oracle Fusion cloud supply chain and manufacturing management. Oracle also provides a suite of applications, including Oracle Fusion Sales, Service, and Marketing.
| Key Metrics | Value |
|---|---|
| Trading Volume | 4,016,622 shares |
| 52 Week Low | $112.78 |
| 52 Week High | $198.31 |
| Market Cap | $340.92 billion |
| P/E Ratio | 29.80 |
Shares of Oracle traded down $6.73 during mid-day trading on Monday, hitting $121.89. The company has a 50 day moving average of $150.85 and a two-hundred day moving average of $166.33. Oracle has a debt-to-equity ratio of 5.65, a quick ratio of 0.81, and a current ratio of 0.81. The firm has a market cap of $340.92 billion, a PE ratio of 29.80, a PEG ratio of 3.46, and a beta of 1.22.
Riot Platforms (RIOT) – A Bitcoin Mining Company
Riot Platforms, Inc. 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 remained flat at $6.46 on Monday.
- The company had a trading volume of 12,681,715 shares, compared to its average volume of 25,689,084.
- Riot Platforms has a 52 week low of $6.19 and a 52 week high of $15.87.
- The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 15.02, and a beta of 4.60.
Applied Digital (APLD) – A Datacenter Operator
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 Applied Digital traded up $0.14 during mid-day trading on Monday, reaching $4.09.
- The company had a trading volume of 16,298,325 shares, compared to its average volume of 28,129,012.
- Applied Digital has a quick ratio of 0.77, a current ratio of 0.77, and a debt-to-equity ratio of 1.22.
- The stock has a 52-week low of $2.47 and a 52-week high of $12.48.
Digihost Technology (DGXX) – A Blockchain Technology Company
Digihost Technology Inc. operates as a blockchain technology company that focuses on digital currency mining in the United States. It mines for cryptocurrency. The company was incorporated in 2017 and is headquartered in Toronto, Canada.
- DGXX traded up $0.06 on Monday, reaching $0.94.
- The stock had a trading volume of 34,872,277 shares, compared to its average volume of 897,088.
- Digihost Technology has a market capitalization of $34.21 million, a price-to-earnings ratio of -3.14, and a beta of 5.61.
- The stock has a 12-month low of $0.84 and a 12-month high of $3.77.
Core Scientific (CORZ) – A Digital Asset Mining Service Provider
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 Core Scientific traded down $0.10 during trading on Monday, reaching $6.53.
- 2,830,424 shares of the company’s stock traded hands, compared to its average volume of 15,771,522.
- The firm has a market cap of $1.93 billion, a PE ratio of -1.21, and a beta of 6.80.
- Core Scientific has a 52 week low of $2.88 and a 52 week high of $18.63.
Investing in Blockchain Stocks
Investing in blockchain stocks provides a way to gain exposure to advancements in distributed ledger technology. These companies may be involved in building blockchain infrastructure, facilitating secure transactions, or innovating in fields such as data management.
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