Blockchain Stocks To Watch Now - April 24th

Oracle, Riot Platforms, Applied Digital, Globant, FTI Consulting, Core Scientific, and Bitdeer Technologies Group are the seven Blockchain stocks to watch today, according to MarketBeat's stock screener tool. Blockchain stocks are shares of publicly traded companies whose primary products, services, or strategic initiatives revolve around blockchain technology—distributed digital ledgers that securely record transactions in a decentralized manner. These companies may build blockchain platforms, offer cryptocurrency-related services, supply hardware for mining, or provide enterprise solutions that integrate blockchain for transparency and efficiency. Investors buy blockchain stocks to gain indirect exposure to the growth potential of blockchain adoption without purchasing cryptocurrencies themselves. 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.

ORCL traded up $4.82 on Thursday, reaching $136.22. The stock had a trading volume of 2,141,043 shares, compared to its average volume of 9,340,305. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle has a fifty-two week low of $112.78 and a fifty-two week high of $198.31. The firm has a 50-day moving average of $148.08 and a 200-day moving average of $165.49. The company has a market capitalization of $381.00 billion, a price-to-earnings ratio of 33.28, a price-to-earnings-growth ratio of 3.46 and a beta of 1.22.

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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.

NASDAQ:RIOT traded up $0.21 on Thursday, reaching $7.71. 7,448,825 shares of the stock traded hands, compared to its average volume of 25,565,437. The company's 50 day moving average is $8.06 and its 200-day moving average is $10.30. Riot Platforms has a 1-year low of $6.19 and a 1-year high of $15.87. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 17.83 and a beta of 4.60.

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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 Applied Digital stock traded up $0.22 during trading on Thursday, reaching $4.30. 11,950,790 shares of the company traded hands, compared to its average volume of 28,301,063. 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 company has a 50 day moving average price of $6.53 and a 200-day moving average price of $7.70. The firm has a market capitalization of $966.29 million, a PE ratio of -2.49 and a beta of 5.18. Applied Digital has a 1-year low of $2.63 and a 1-year high of $12.48.

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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.

Shares of NYSE:GLOB traded up $5.19 during mid-day trading on Thursday, hitting $117.43. 380,327 shares of the company traded hands, compared to its average volume of 600,038. Globant has a 12-month low of $96.23 and a 12-month high of $238.32. The stock has a market cap of $5.17 billion, a P/E ratio of 31.55, a P/E/G ratio of 2.38 and a beta of 1.50. The stock has a 50-day moving average price of $132.24 and a two-hundred day moving average price of $188.14.

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FTI Consulting (FCN)

FTI Consulting, Inc. provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications segments. The Corporate Finance & Restructuring segment provides business transformation and strategy, transactions, and turnaround and restructuring services.

FCN traded down $3.64 during trading on Thursday, hitting $164.88. 220,202 shares of the company traded hands, compared to its average volume of 230,583. FTI Consulting has a one year low of $151.75 and a one year high of $243.60. The stock's fifty day moving average is $164.98 and its 200 day moving average is $188.37. The firm has a market cap of $5.92 billion, a P/E ratio of 21.14 and a beta of 0.21.

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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 NASDAQ CORZ traded up $0.37 during mid-day trading on Thursday, hitting $7.49. The company had a trading volume of 3,604,117 shares, compared to its average volume of 12,536,891. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of -1.38 and a beta of 6.80. Core Scientific has a 1 year low of $2.88 and a 1 year high of $18.63. The stock's 50-day moving average price is $8.47 and its 200-day moving average price is $12.43.

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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 NASDAQ BTDR traded up $0.31 during midday trading on Thursday, reaching $10.15. The company had a trading volume of 1,947,352 shares, compared to its average volume of 4,478,325. Bitdeer Technologies Group has a one year low of $5.25 and a one year high of $26.99. The firm's fifty day moving average price is $10.10 and its 200-day moving average price is $13.46. The stock has a market cap of $1.14 billion, a PE ratio of -19.47 and a beta of 2.25.

Read Our Latest Research Report on BTDR