Best Cryptocurrency Stocks To Consider – February 03rd

Robinhood Markets, Bitdeer Technologies Group, Bitfarms, HIVE Digital Technologies, Cellebrite DI, BTC Digital, and MoneyLion are the seven Cryptocurrency stocks to watch today, according to MarketBeat’s stock screener tool. Cryptocurrency stocks are publicly traded companies that are involved in the cryptocurrency industry, either through direct investment in cryptocurrencies, mining operations, or providing technology and services related to blockchain and digital currencies. These stocks can offer investors exposure to the potential growth and volatility of the cryptocurrency market without directly holding digital assets. 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.

HOOD traded down $0.22 during trading on Monday, reaching $51.73. The company’s stock had a trading volume of 11,351,390 shares, compared to its average volume of 20,635,090. The firm has a fifty day simple moving average of $41.88 and a two-hundred day simple moving average of $30.18. Robinhood Markets has a 1 year low of $10.51 and a 1 year high of $53.51. The company has a market cap of $45.73 billion, a price-to-earnings ratio of 87.43, a PEG ratio of 0.70 and a beta of 2.13.

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.

BTDR traded down $1.53 during trading on Monday, reaching $16.99. The company’s stock had a trading volume of 4,516,692 shares, compared to its average volume of 7,671,086. The firm has a fifty day simple moving average of $19.34 and a two-hundred day simple moving average of $12.05. Bitdeer Technologies Group has a 1 year low of $5.23 and a 1 year high of $26.99. The company has a market cap of $1.90 billion, a price-to-earnings ratio of -32.75 and a beta of 2.04.

Bitfarms (BITF)

Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada.

Shares of NASDAQ BITF traded down $0.04 during midday trading on Monday, reaching $1.42. 22,855,277 shares of the stock were exchanged, compared to its average volume of 44,484,531. The company has a 50 day simple moving average of $1.77 and a 200 day simple moving average of $2.02. The stock has a market capitalization of $640.90 million, a P/E ratio of -3.93 and a beta of 3.65. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.68 and a current ratio of 3.70. Bitfarms has a twelve month low of $1.31 and a twelve month high of $3.91.

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 NASDAQ HIVE traded down $0.07 during midday trading on Monday, reaching $2.87. 7,346,202 shares of the stock were exchanged, compared to its average volume of 10,949,004. The company has a 50 day simple moving average of $3.38 and a 200 day simple moving average of $3.44. The stock has a market capitalization of $424.22 million, a P/E ratio of -20.33 and a beta of 3.46. The company has a debt-to-equity ratio of 0.06, a quick ratio of 5.56 and a current ratio of 5.56. HIVE Digital Technologies has a twelve month low of $2.18 and a twelve month high of $5.54.

Cellebrite DI (CLBT)

Cellebrite DI Ltd. develops solutions for legally sanctioned investigations in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific. The company's DI suite of solutions allows users to collect, review, analyze, and manage digital data across the investigative lifecycle with respect to legally sanctioned investigations used in various cases, including child exploitation, homicide, anti-terror, border control, sexual crimes, human trafficking, corporate security, cryptocurrency, and intellectual property theft.

Shares of NASDAQ CLBT traded up $0.20 during midday trading on Monday, reaching $24.24. 567,054 shares of the stock were exchanged, compared to its average volume of 1,489,766. The company has a 50 day simple moving average of $21.77 and a 200 day simple moving average of $18.46. The stock has a market capitalization of $4.99 billion, a P/E ratio of -15.65, a PEG ratio of 3.55 and a beta of 1.47. Cellebrite DI has a twelve month low of $8.91 and a twelve month high of $24.62.

BTC Digital (METX)

Shares of NASDAQ METX traded down $0.14 during midday trading on Monday, reaching $6.18. 921,257 shares of the stock were exchanged, compared to its average volume of 33,951. The company has a 50 day simple moving average of $7.90 and a 200 day simple moving average of $4.74. BTC Digital has a twelve month low of $1.75 and a twelve month high of $9.93.

MoneyLion (ML)

MoneyLion Inc., a financial technology company, provides personalized products and financial content for American consumers. The company's platform offers access to banking, borrowing, and investing solutions for customers. Its principal products include RoarMoney, an insured digital demand deposit account; Instacash, a cash advance product that gives customers early access to their recurring income deposits; Credit Builder Plus membership program; MoneyLion Investing, an online investment account that offers access to separately managed accounts invested based on model exchange-traded fund portfolios; Roundups, which provides features designed to encourage customers to establish good saving and investing habits; and MoneyLion Crypto, an online cryptocurrency account.

Shares of NYSE ML traded down $0.07 during midday trading on Monday, reaching $86.91. 43,117 shares of the stock were exchanged, compared to its average volume of 150,270. MoneyLion has a twelve month low of $36.65 and a twelve month high of $106.82. The company has a 50 day simple moving average of $86.48 and a 200 day simple moving average of $64.03. The stock has a market capitalization of $964.68 million, a P/E ratio of 394.99 and a beta of 3.06.