Promising Blockchain Stocks To Add to Your Watchlist – March 22nd

Oracle, FTI Consulting, Riot Platforms, Globant, Applied Digital, 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 in companies that develop, utilize, or invest in blockchain technology, including those in cryptocurrency mining, software development, and various sectors adopting distributed ledger systems. These stocks offer investors exposure to the growth potential of blockchain innovations but may also carry significant volatility due to the evolving and sometimes unpredictable nature of the industry. 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 NYSE ORCL traded up $0.11 during trading on Friday, hitting $152.83. The stock had a trading volume of 17,559,020 shares, compared to its average volume of 8,507,902. Oracle has a 12 month low of $112.78 and a 12 month high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $427.45 billion, a PE ratio of 37.37, a PEG ratio of 3.46 and a beta of 1.07. The firm has a fifty day moving average of $164.87 and a two-hundred day moving average of $169.85.

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.

NYSE FCN traded down $1.88 during trading hours on Friday, reaching $160.02. 1,379,302 shares of the company were exchanged, compared to its average volume of 199,826. FTI Consulting has a 1 year low of $158.88 and a 1 year high of $243.60. The business’s 50 day simple moving average is $180.70 and its 200-day simple moving average is $198.83. The stock has a market capitalization of $5.75 billion, a P/E ratio of 20.52 and a beta of 0.14.

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 Platforms stock traded up $0.19 during trading on Friday, hitting $7.95. The stock had a trading volume of 25,477,489 shares, compared to its average volume of 25,250,418. The stock’s 50 day moving average is $10.56 and its two-hundred day moving average is $10.32. Riot Platforms has a 1 year low of $6.36 and a 1 year high of $15.87. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 18.49 and a beta of 4.36.

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 $1.59 during midday trading on Friday, reaching $130.75. 1,121,132 shares of the company’s stock traded hands, compared to its average volume of 541,486. The company has a 50-day moving average price of $183.20 and a two-hundred day moving average price of $202.85. Globant has a 52 week low of $124.53 and a 52 week high of $238.32. The firm has a market capitalization of $5.76 billion, a PE ratio of 35.15, a price-to-earnings-growth ratio of 2.38 and a beta of 1.47.

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 down $0.22 during midday trading on Friday, reaching $7.07. 18,762,248 shares of the company’s stock traded hands, compared to its average volume of 26,592,695. The company has a 50-day moving average price of $7.93 and a two-hundred day moving average price of $7.91. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.77 and a current ratio of 0.77. Applied Digital has a 52 week low of $2.36 and a 52 week high of $12.48. The firm has a market capitalization of $1.58 billion, a PE ratio of -4.09 and a beta of 4.69.

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 Core Scientific stock traded down $0.08 during trading on Friday, hitting $8.51. The stock had a trading volume of 14,226,255 shares, compared to its average volume of 11,027,595. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of -1.57 and a beta of 6.83. Core Scientific has a 12 month low of $2.61 and a 12 month high of $18.63. The business’s 50-day moving average is $11.50 and its 200 day moving average is $13.13.

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 $0.01 during trading on Friday, hitting $10.01. The stock had a trading volume of 4,160,260 shares, compared to its average volume of 4,114,739. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of -19.25 and a beta of 2.12. Bitdeer Technologies Group has a 12 month low of $5.23 and a 12 month high of $26.99. The business’s 50-day moving average is $14.88 and its 200 day moving average is $13.19.