Promising Blockchain Stocks To Consider – March 14th

Oracle, Applied Digital, Riot Platforms, Core Scientific, and Globant are the five Blockchain stocks to watch today, according to MarketBeat’s stock screener tool. Blockchain stocks are shares of companies that actively engage with blockchain technology, whether by developing blockchain infrastructure, incorporating blockchain solutions into their operations, or facilitating cryptocurrency transactions. These stocks provide investors exposure to the rapidly evolving landscape of decentralized technologies and the broader digital asset ecosystem. 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 stock traded up $2.08 during trading on Friday, reaching $149.74. The stock had a trading volume of 3,265,515 shares, compared to its average volume of 12,103,461. Oracle has a one year low of $112.78 and a one year high of $198.31. The company’s 50 day moving average is $166.14 and its two-hundred day moving average is $169.34. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a market capitalization of $418.81 billion, a price-to-earnings ratio of 36.66, a P/E/G ratio of 3.46 and a beta of 1.07.

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 APLD traded up $0.72 on Friday, reaching $7.00. 10,027,967 shares of the company’s stock traded hands, compared to its average volume of 27,296,980. The stock’s 50 day simple moving average is $8.15 and its two-hundred day simple moving average is $7.79. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.22. Applied Digital has a 52-week low of $2.36 and a 52-week high of $12.48. The stock has a market cap of $1.56 billion, a PE ratio of -4.05 and a beta of 4.69.

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.

Shares of NASDAQ RIOT traded up $0.51 during mid-day trading on Friday, reaching $7.82. 8,518,522 shares of the company’s stock were exchanged, compared to its average volume of 30,245,867. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 18.18 and a beta of 4.36. Riot Platforms has a 52 week low of $6.36 and a 52 week high of $15.87. The firm has a 50-day moving average price of $11.11 and a two-hundred day moving average price of $10.33.

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 stock traded up $0.14 during trading hours on Friday, reaching $8.80. The stock had a trading volume of 4,136,125 shares, compared to its average volume of 10,782,573. The stock’s fifty day simple moving average is $12.21 and its 200 day simple moving average is $13.21. The firm has a market capitalization of $2.59 billion, a PE ratio of -1.64 and a beta of 6.83. Core Scientific has a 12 month low of $2.61 and a 12 month high of $18.63.

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 up $3.49 during mid-day trading on Friday, reaching $132.34. 267,007 shares of the stock traded hands, compared to its average volume of 531,147. Globant has a 1 year low of $127.62 and a 1 year high of $238.32. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 35.57, a price-to-earnings-growth ratio of 2.38 and a beta of 1.47. The firm has a fifty day moving average price of $192.98 and a 200 day moving average price of $205.67.