Gold Stocks To Watch Today – February 24th

Robinhood Markets, Coca-Cola, and Cadence Design Systems are the three Gold stocks to watch today, according to MarketBeat’s stock screener tool. Gold stocks are shares in companies that are primarily involved in the exploration, extraction, and processing of gold. These stocks often serve as a proxy for direct investment in gold, with their performance closely linked to fluctuations in gold prices and the broader mining industry’s economic conditions. These companies had the highest dollar trading volume of any Gold 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 Robinhood Markets stock traded down $0.86 during trading on Monday, reaching $50.74. The company’s stock had a trading volume of 27,030,383 shares, compared to its average volume of 25,548,234. Robinhood Markets has a one year low of $13.98 and a one year high of $66.91. The firm has a market cap of $44.85 billion, a price-to-earnings ratio of 32.18, a price-to-earnings-growth ratio of 1.05 and a beta of 2.13. The business’s fifty day moving average price is $47.42 and its 200-day moving average price is $34.03.

Coca-Cola (KO)

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

KO traded down $0.75 during midday trading on Monday, reaching $70.60. The company’s stock had a trading volume of 10,683,383 shares, compared to its average volume of 16,657,635. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61. The company has a fifty day simple moving average of $63.71 and a 200 day simple moving average of $66.41. The stock has a market cap of $304.13 billion, a P/E ratio of 28.61, a PEG ratio of 3.79 and a beta of 0.61. Coca-Cola has a twelve month low of $57.93 and a twelve month high of $73.53.

Cadence Design Systems (CDNS)

Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification.

Shares of CDNS traded down $3.63 during mid-day trading on Monday, hitting $254.71. The company’s stock had a trading volume of 1,760,444 shares, compared to its average volume of 1,855,259. Cadence Design Systems has a one year low of $241.29 and a one year high of $328.99. The stock’s 50-day moving average is $300.54 and its two-hundred day moving average is $287.48. The firm has a market capitalization of $69.86 billion, a PE ratio of 65.84, a price-to-earnings-growth ratio of 3.88 and a beta of 1.03. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.27 and a current ratio of 2.93.