Promising Blockchain Stocks To Watch Today – August 7th
MarketBeat's stock screener tool has identified seven promising blockchain stocks to watch today, August 7th, based on their recent trading volume and market capitalization. These companies are leaders in the blockchain industry, with innovative solutions and applications that could drive growth and profits in the coming months.
1. Oracle Corporation (NYSE: ORCL)
Oracle Corporation is a technology giant with a significant presence in the blockchain space. Its cloud software as a service offering includes various cloud-based applications for enterprise resource planning, supply chain management, human capital management, and more. The company's trading volume has been high lately, indicating strong investor interest in its blockchain-related products.
Key statistics:
- Market capitalization: $701.51 billion
- Price-to-earnings ratio: 57.52
- Debt-to-equity ratio: 4.07
- 50-day moving average: $219.21
- 200-day moving average: $176.71
The stock has been trading down on Thursday, reaching $249.75, but its recent performance suggests a promising outlook for investors.
2. Applied Digital Corporation (NYSE: APLD)
Applied Digital Corporation is a datacenter and artificial intelligence company that provides high-performance computing solutions to the high-performance computing industry. Its shares have been trading down on Thursday, reaching $13.77, but its recent growth in volume indicates strong investor interest in its innovative products.
Key statistics:
- Market capitalization: $3.60 billion
- P/E ratio: -12.63
- Beta: 6.17
- 50-day moving average: $10.92
- 200-day moving average: $8.13
The company has a strong presence in the high-performance computing industry, and its innovative products could drive growth in the coming months.
3. Riot Platforms, Inc. (NASDAQ: RIOT)
Riot Platforms, Inc. is a bitcoin mining company that operates in North America. Its shares have been trading up on Thursday, reaching $11.49, indicating strong investor interest in its growth prospects.
Key statistics:
- Market capitalization: $4.25 billion
- P/E ratio: -26.80
- Beta: 4.61
- 50-day moving average: $11.38
- 200-day moving average: $9.81
The company has a strong presence in the bitcoin mining industry, and its innovative solutions could drive growth in the coming months.
4. Core Scientific, Inc. (NASDAQ: CORZ)
Core Scientific, Inc. is a digital asset mining services company that operates in North America. Its shares have been trading up on Thursday, reaching $14.29, indicating strong investor interest in its growth prospects.
Key statistics:
- Market capitalization: $4.25 billion
- P/E ratio: -2.84
- Beta: 6.60
- 50-day moving average: $13.42
- 200-day moving average: $11.02
The company has a strong presence in the digital asset mining industry, and its innovative solutions could drive growth in the coming months.
5. Globant S.A. (NYSE: GLOB)
Globant S.A. is a technology services company that provides blockchain-based solutions to enterprises worldwide. Its shares have been trading up on Thursday, reaching $79.10, indicating strong investor interest in its growth prospects.
Key statistics:
- Market capitalization: $3.48 billion
- P/E ratio: 23.43
- PEG ratio: 3.27
- 50-day moving average: $91.17
- 200-day moving average: $126.77
The company has a strong presence in the blockchain industry, and its innovative solutions could drive growth in the coming months.
6. Bit Origin (NYSE: BTOG)
Bit Origin is a cryptocurrency mining company that operates in North America. Its shares have been trading up on Thursday, reaching $0.43, indicating strong investor interest in its growth prospects.
Key statistics:
- Market capitalization: $710.88 million
- P/E ratio: -6.71
- Beta: 3.50
- 50-day moving average: $0.28
- 200-day moving average: $0.29
The company has a strong presence in the cryptocurrency mining industry, and its innovative solutions could drive growth in the coming months.
7. Bitfarms Ltd. (NASDAQ: BITF)
Bitfarms Ltd. is a cryptocurrency mining company that operates in Canada, the United States, Paraguay, and Argentina. Its shares have been trading up on Thursday, reaching $1.28, indicating strong investor interest in its growth prospects.
Key statistics:
- Market capitalization: $710.88 million
- P/E ratio: -6.71
- Beta: 3.50
- 50-day moving average: $1.00
- 200-day moving average: $1.08
The company has a strong presence in the cryptocurrency mining industry, and its innovative solutions could drive growth in the coming months.
These seven blockchain stocks are leaders in their respective industries, with innovative solutions and applications that could drive growth and profits in the coming months. Investors should conduct thorough research before making any investment decisions.