Blockchain Stocks To Follow Now – May 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 publicly traded companies that develop, implement, or provide services related to blockchain technology—the decentralized, distributed ledger system underlying cryptocurrencies like Bitcoin and Ethereum. Investors buy these stocks to gain exposure to the growth potential of applications such as smart contracts, supply-chain verification, and digital asset management without directly holding cryptocurrencies. 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.

NYSE ORCL traded up $0.02 during mid-day trading on Wednesday, hitting $162.29. The stock had a trading volume of 2,226,205 shares, compared to its average volume of 9,451,969. The firm’s 50 day moving average is $142.26 and its 200 day moving average is $162.76. Oracle has a twelve month low of $114.55 and a twelve 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 stock has a market capitalization of $453.92 billion, a price-to-earnings ratio of 39.69, a PEG ratio of 3.46 and a beta of 1.27.

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.

NASDAQ:APLD traded up $0.52 during trading hours on Wednesday, hitting $6.13. The company had a trading volume of 27,721,864 shares, compared to its average volume of 29,217,129. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.22. The company has a 50-day moving average of $5.57 and a 200 day moving average of $7.43. The company has a market cap of $1.38 billion, a P/E ratio of -3.54 and a beta of 5.98. Applied Digital has a 1 year low of $3.01 and a 1 year high of $12.48.

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 Riot Platforms stock traded down $0.05 during trading hours on Wednesday, hitting $9.02. The company’s stock had a trading volume of 10,391,286 shares, compared to its average volume of 29,001,539. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 20.95 and a beta of 4.74. The firm has a fifty day moving average of $7.55 and a 200-day moving average of $10.22. Riot Platforms has a twelve month low of $6.19 and a twelve month high of $15.87.

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.

CORZ traded up $0.32 on Wednesday, hitting $10.56. 6,841,423 shares of the company were exchanged, compared to its average volume of 13,010,982. Core Scientific has a twelve month low of $3.46 and a twelve month high of $18.63. The company has a market cap of $3.14 billion, a price-to-earnings ratio of -1.95 and a beta of 6.66. The firm has a 50-day moving average price of $7.98 and a two-hundred day moving average price of $12.03.

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.

NYSE GLOB traded down $6.32 during trading on Wednesday, reaching $134.05. 449,474 shares of the company’s stock were exchanged, compared to its average volume of 615,139. Globant has a 1 year low of $96.23 and a 1 year high of $238.32. The company has a 50 day moving average price of $119.50 and a two-hundred day moving average price of $179.16. The stock has a market cap of $5.90 billion, a P/E ratio of 35.94, a price-to-earnings-growth ratio of 2.38 and a beta of 1.37.