Top Cryptocurrency Stocks To Watch Today – May 8th

Robinhood Markets, Bitdeer Technologies Group, and HIVE Digital Technologies 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 involves digital currencies, blockchain technology, mining operations or related crypto services. By buying these stocks, investors gain indirect exposure to the performance and volatility of the cryptocurrency market without holding coins or tokens directly. Like any equity investment, they trade on regulated exchanges and carry the typical risks and rewards associated with stock ownership. 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 HOOD traded up $4.22 during mid-day trading on Thursday, reaching $54.21. The company’s stock had a trading volume of 29,936,600 shares, compared to its average volume of 39,929,035. 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 $48.00 billion, a PE ratio of 34.55, a P/E/G ratio of 1.05 and a beta of 2.15. The company’s fifty day moving average price is $43.07 and its two-hundred day moving average price is $42.02.

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.

Bitdeer Technologies Group stock traded up $2.11 during trading hours on Thursday, reaching $13.46. The company had a trading volume of 4,465,627 shares, compared to its average volume of 5,906,957. The company has a 50-day moving average price of $9.58 and a 200 day moving average price of $13.65. Bitdeer Technologies Group has a 12-month low of $5.25 and a 12-month high of $26.99. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of -25.88 and a beta of 2.24.

HIVE Digital Technologies (HIVE)

HIVE Digital Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. The company engages in the mining and sale of digital currencies, including Ethereum Classic, Bitcoin, and other coins. It also operates data centers; and offers infrastructure solutions. The company was formerly known as HIVE Blockchain Technologies Ltd.

Shares of HIVE stock traded up $0.12 during trading hours on Thursday, reaching $1.85. The company’s stock had a trading volume of 5,159,697 shares, compared to its average volume of 9,247,652. The company has a current ratio of 10.41, a quick ratio of 10.41 and a debt-to-equity ratio of 0.03. The firm’s fifty day simple moving average is $1.64 and its 200 day simple moving average is $2.81. The stock has a market capitalization of $314.42 million, a P/E ratio of -36.90 and a beta of 3.52. HIVE Digital Technologies has a one year low of $1.26 and a one year high of $5.54.