Promising Blockchain Stocks Worth Watching – February 01st

Oracle, Riot Platforms, Applied Digital, Core Scientific, and Globant are the five Blockchain stocks to watch today, according to MarketBeat’s stock screener tool. Blockchain stocks are shares of companies that are involved in the development, research, or implementation of blockchain technology. These stocks are tied to the performance and growth of blockchain-related projects and initiatives, making them a popular investment option for those interested in the potential of blockchain technology to disrupt various industries. 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.

Oracle stock traded down $0.47 during midday trading on Friday, reaching $169.91. The stock had a trading volume of 8,702,492 shares, compared to its average volume of 13,743,506. The firm’s fifty day simple moving average is $171.89 and its two-hundred day simple moving average is $163.26. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle has a twelve month low of $106.51 and a twelve month high of $198.31. The firm has a market cap of $475.24 billion, a price-to-earnings ratio of 41.54, a PEG ratio of 3.19 and a beta of 1.06.

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 down $0.02 during midday trading on Friday, hitting $11.88. The company’s stock had a trading volume of 38,257,507 shares, compared to its average volume of 31,826,474. Riot Platforms has a 1-year low of $6.36 and a 1-year high of $18.36. The firm has a market capitalization of $4.09 billion, a P/E ratio of 27.63 and a beta of 4.22. The stock has a 50-day simple moving average of $12.08 and a 200-day simple moving average of $10.19.

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.

Applied Digital stock traded down $0.26 during mid-day trading on Friday, hitting $7.12. The company’s stock had a trading volume of 23,515,508 shares, compared to its average volume of 22,815,720. Applied Digital has a 52-week low of $2.36 and a 52-week high of $11.25. The company has a market cap of $1.59 billion, a PE ratio of -4.12 and a beta of 4.78. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.77 and a quick ratio of 0.77. The firm’s 50 day moving average is $8.86 and its 200 day moving average is $7.09.

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 CORZ traded up $0.01 during trading hours on Friday, reaching $12.27. The company’s stock had a trading volume of 13,396,936 shares, compared to its average volume of 11,521,585. The company has a 50 day moving average of $15.03 and a two-hundred day moving average of $13.02. The firm has a market cap of $3.43 billion and a price-to-earnings ratio of -2.27. Core Scientific has a 1-year low of $2.61 and a 1-year high of $18.63.

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.

GLOB stock traded up $6.44 during midday trading on Friday, reaching $213.47. The company had a trading volume of 579,180 shares, compared to its average volume of 385,361. The company has a 50 day moving average of $217.57 and a two-hundred day moving average of $208.50. Globant has a 1 year low of $151.68 and a 1 year high of $251.50. The company has a market capitalization of $9.20 billion, a P/E ratio of 55.74, a PEG ratio of 2.27 and a beta of 1.38.