Cryptocurrency Stocks To Watch Today - February 01st

Robinhood Markets, Bitdeer Technologies Group, and Bitfarms are the three Cryptocurrency stocks to watch today, according to MarketBeat's stock screener tool. Cryptocurrency stocks refer to publicly-traded companies that are involved in the development, trading, or usage of cryptocurrencies. These companies may include exchanges, mining operations, or technology firms that are focused on blockchain and digital asset technologies. Investing in cryptocurrency stocks allows individuals to gain exposure to the growing market of virtual currencies through traditional stock market channels. These companies had the highest dollar trading volume of any Cryptocurrency stocks within the last several days.

Robinhood Markets (HOOD)

Robinhood Markets, Inc. operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.

NASDAQ:HOOD traded down $1.05 during trading on Friday, reaching $51.95. The company's stock had a trading volume of 14,283,874 shares, compared to its average volume of 19,554,796. The firm has a market cap of $45.92 billion, a price-to-earnings ratio of 88.05, a price-to-earnings-growth ratio of 0.69 and a beta of 2.07. Robinhood Markets has a 12 month low of $10.51 and a 12 month high of $53.51. The firm has a 50 day moving average of $41.88 and a 200-day moving average of $30.10.

Read Our Latest Research Report on HOOD

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.

NASDAQ BTDR traded up $0.35 during trading hours on Friday, reaching $18.52. 4,821,167 shares of the company were exchanged, compared to its average volume of 7,285,526. The stock has a market capitalization of $2.07 billion, a P/E ratio of -35.61 and a beta of 2.09. Bitdeer Technologies Group has a 1 year low of $5.23 and a 1 year high of $26.99. The business's 50 day simple moving average is $19.34 and its 200-day simple moving average is $12.04.

Read Our Latest Research Report on BTDR

Bitfarms (BITF)

Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada.

Shares of NASDAQ BITF traded down $0.05 during trading on Friday, reaching $1.45. 59,487,860 shares of the stock traded hands, compared to its average volume of 39,953,640. The stock has a market capitalization of $656.75 million, a P/E ratio of -4.03 and a beta of 3.67. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.70 and a quick ratio of 3.68. The company has a 50-day moving average of $1.77 and a 200-day moving average of $2.04. Bitfarms has a 52-week low of $1.36 and a 52-week high of $3.91.

Read Our Latest Research Report on BITF

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