Promising Blockchain Stocks Worth Watching – June 15th

Oracle, Applied Digital, and Riot Platforms are the three Blockchain stocks to watch today, according to MarketBeat’s stock screener tool. Blockchain stocks refer to publicly traded companies whose core business activities involve the development, implementation or support of blockchain technology. This can include firms that build blockchain platforms, provide related software and services, or operate cryptocurrency mining operations. Investors buy these stocks to gain exposure to the potential growth and innovation driven by distributed ledger technologies. 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.

Shares of ORCL stock traded up $15.68 during mid-day trading on Friday, hitting $215.54. The company had a trading volume of 53,639,099 shares, compared to its average volume of 9,721,350. Oracle has a 52-week low of $118.86 and a 52-week high of $216.60. The stock’s 50 day moving average price is $152.88 and its 200-day moving average price is $160.46. 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 company has a market capitalization of $602.86 billion, a P/E ratio of 52.70, a P/E/G ratio of 3.46 and a beta of 1.32.

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 NASDAQ APLD traded down $1.33 during mid-day trading on Friday, reaching $11.18. The company had a trading volume of 62,025,357 shares, compared to its average volume of 39,617,129. The business’s 50-day moving average is $6.83 and its 200-day moving average is $7.62. 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 stock has a market cap of $2.52 billion, a price-to-earnings ratio of -6.46 and a beta of 6.08. Applied Digital has a 52 week low of $3.01 and a 52 week high of $15.42.

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.

Riot Platforms stock traded down $0.49 during midday trading on Friday, hitting $9.72. 39,133,966 shares of the company’s stock were exchanged, compared to its average volume of 27,407,476. The firm has a 50-day moving average of $8.23 and a two-hundred day moving average of $9.81. Riot Platforms has a 12 month low of $6.19 and a 12 month high of $15.87. The company has a market cap of $3.47 billion, a PE ratio of 22.61 and a beta of 4.53.