Promising Cryptocurrency Stocks To Research

11 hours ago 1

Robinhood Markets, Galaxy Digital, 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 cryptocurrencies or blockchain technology—whether that’s mining digital coins, operating exchanges, providing custody services, or developing related software and infrastructure. By buying these equities, investors gain indirect exposure to the crypto market without holding tokens directly. Their share prices tend to move in line with cryptocurrency values and industry developments. These companies had the highest dollar trading volume of any Cryptocurrency stocks within the last several days.

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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 stock traded up $8.74 during trading hours on Monday, reaching $91.77. 44,659,137 shares of the company's stock were exchanged, compared to its average volume of 28,196,873. The business has a fifty day moving average price of $63.85 and a 200-day moving average price of $51.66. Robinhood Markets has a fifty-two week low of $13.98 and a fifty-two week high of $92.10. The stock has a market capitalization of $81.26 billion, a P/E ratio of 52.09, a P/E/G ratio of 4.90 and a beta of 2.25.

Read Our Latest Research Report on HOOD

Galaxy Digital (GLXY)

Galaxy Digital Holdings Ltd. is a financial services and an investment management company, which engages in the digital asset, cryptocurrency, and block chain technology sectors. It operates through the following segments: Trading, Principal Investment, Asset Management, Investment Banking, Mining, and Corporate & Other.

Galaxy Digital stock traded up $2.11 on Monday, reaching $22.08. The company's stock had a trading volume of 4,685,464 shares, compared to its average volume of 1,614,427. Galaxy Digital has a twelve month low of $6.89 and a twelve month high of $26.60.

Read Our Latest Research Report on GLXY

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.

HIVE Digital Technologies stock traded down $0.01 during mid-day trading on Monday, hitting $1.80. The stock had a trading volume of 17,088,609 shares, compared to its average volume of 8,334,563. HIVE Digital Technologies has a 12 month low of $1.26 and a 12 month high of $5.54. The stock has a 50-day simple moving average of $1.84 and a two-hundred day simple moving average of $2.22. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $357.55 million, a PE ratio of -4.99 and a beta of 3.46.

Read Our Latest Research Report on HIVE

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