Promising Cryptocurrency Stocks To Consider - April 24th

Robinhood Markets, ZenaTech, and Bitdeer Technologies Group are the three Cryptocurrency stocks to watch today, according to MarketBeat's stock screener tool. Cryptocurrency stocks are shares of publicly traded companies whose core business is directly involved with or significantly exposed to the cryptocurrency ecosystem—for example, firms that run crypto-exchanges, manufacture mining hardware, or hold substantial digital-asset reserves. Unlike purchasing a cryptocurrency itself, buying these equities gives investors ownership in traditional corporations that may benefit from—or be vulnerable to—the volatility and growth of the broader crypto market. 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.

Shares of NASDAQ:HOOD traded up $2.91 during trading on Thursday, reaching $47.57. 23,908,270 shares of the stock traded hands, compared to its average volume of 24,617,604. Robinhood Markets has a 52-week low of $13.98 and a 52-week high of $66.91. The stock has a market cap of $42.12 billion, a P/E ratio of 30.28, a price-to-earnings-growth ratio of 1.05 and a beta of 2.17. The stock has a 50-day moving average of $44.05 and a two-hundred day moving average of $40.45.

Read Our Latest Research Report on HOOD

ZenaTech (ZENA)

ZenaTech, Inc., an enterprise software technology company, develops cloud-based software applications in Canada. It provides cryptocurrency wallets and cloud-based enterprise software solutions for the agriculture industry; cloud-based enterprise software solutions for the medical records industry; safety and compliance management software and mobile solutions; field management software and mobile solutions; integrated cloud-based enterprise software and hardware drone technology solutions for various industries; and browser-based enterprise software applications for public safety.

ZENA traded up $0.35 during trading on Thursday, hitting $2.54. 44,772,220 shares of the company's stock traded hands, compared to its average volume of 3,377,778. ZenaTech has a 12-month low of $1.41 and a 12-month high of $12.43. The business's 50 day moving average is $3.02.

Read Our Latest Research Report on ZENA

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 Bitdeer Technologies Group stock traded up $0.31 during trading on Thursday, hitting $10.15. 1,947,352 shares of the company's stock traded hands, compared to its average volume of 4,478,352. Bitdeer Technologies Group has a 1 year low of $5.25 and a 1 year high of $26.99. The business has a 50-day simple moving average of $10.10 and a 200-day simple moving average of $13.46. The stock has a market capitalization of $1.14 billion, a P/E ratio of -19.47 and a beta of 2.25.

Read Our Latest Research Report on BTDR