Blockchain Stocks To Consider – May 18th

Oracle, Globant, Applied Digital, Riot Platforms, and Core Scientific are the five Blockchain stocks to watch today, according to MarketBeat’s stock screener tool. Blockchain stocks are shares of publicly traded companies that develop, utilize or invest in blockchain technology—the decentralized ledger system underlying cryptocurrencies. These companies may include blockchain software developers, cryptocurrency miners and exchangers, or traditional firms integrating blockchain for applications like supply-chain tracking and secure transactions. Investors buy blockchain stocks to gain exposure to the growth potential of distributed-ledger innovations without directly holding digital currencies. 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.

Shares of ORCL traded up $0.91 during midday trading on Friday, reaching $160.31. 8,495,670 shares of the stock were exchanged, compared to its average volume of 9,479,850. The business’s 50-day moving average price is $142.91 and its 200 day moving average price is $162.49. 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 $114.55 and a twelve month high of $198.31. The company has a market capitalization of $448.39 billion, a price-to-earnings ratio of 39.20, a PEG ratio of 3.46 and a beta of 1.27.

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 GLOB traded down $32.27 during midday trading on Friday, reaching $100.58. 11,007,198 shares of the stock were exchanged, compared to its average volume of 666,188. The company has a market capitalization of $4.43 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 2.38 and a beta of 1.37. Globant has a twelve month low of $88.03 and a twelve month high of $238.32. The business’s 50-day moving average price is $118.69 and its 200 day moving average price is $177.17.

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.

APLD stock traded up $1.24 during trading on Friday, hitting $6.83. The company had a trading volume of 74,559,101 shares, compared to its average volume of 29,986,076. The firm has a market cap of $1.53 billion, a PE ratio of -3.95 and a beta of 5.98. Applied Digital has a 1-year low of $3.01 and a 1-year high of $12.48. The firm has a 50-day moving average price of $5.54 and a 200-day moving average price of $7.39. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.22.

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.

RIOT traded up $0.45 during trading on Friday, reaching $9.15. The company’s stock had a trading volume of 36,554,132 shares, compared to its average volume of 26,289,219. Riot Platforms has a 52-week low of $6.19 and a 52-week high of $15.87. The company’s fifty day moving average price is $7.61 and its 200-day moving average price is $10.18. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 21.28 and a beta of 4.74.

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 $0.27 on Friday, reaching $10.78. The stock had a trading volume of 14,054,007 shares, compared to its average volume of 13,204,323. The firm has a market capitalization of $3.21 billion, a PE ratio of -1.99 and a beta of 6.66. The firm has a 50-day moving average of $8.12 and a 200 day moving average of $11.95. Core Scientific has a twelve month low of $3.68 and a twelve month high of $18.63.