Blockchain Stocks To Keep An Eye On – March 28th

Oracle, Core Scientific, and Riot Platforms are the three Blockchain stocks to watch today, according to MarketBeat’s stock screener tool. Blockchain stocks are shares of publicly traded companies that either develop or significantly invest in blockchain technology, which powers decentralized digital ledgers for secure and transparent transactions. Investors often view these stocks as a way to tap into the potential growth and transformative impact of blockchain technology across various industries, including finance, supply chain, and beyond. 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 down $4.83 during trading hours on Friday, reaching $140.95. The company’s stock had a trading volume of 4,248,900 shares, compared to its average volume of 8,635,964. Oracle has a one year low of $112.78 and a one year high of $198.31. The stock has a market capitalization of $394.23 billion, a P/E ratio of 34.44, a P/E/G ratio of 3.46 and a beta of 1.07. The firm’s fifty day simple moving average is $164.35 and its 200 day simple moving average is $170.11. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

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.

Shares of NASDAQ:CORZ traded down $0.32 during midday trading on Friday, reaching $7.56. The company’s stock had a trading volume of 11,036,419 shares, compared to its average volume of 11,365,826. Core Scientific has a 12-month low of $2.61 and a 12-month high of $18.63. The firm has a 50 day moving average of $11.04 and a 200-day moving average of $13.10. The firm has a market capitalization of $2.22 billion, a P/E ratio of -1.40 and a beta of 6.83.

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 $0.20 during midday trading on Friday, hitting $7.57. The company had a trading volume of 10,468,605 shares, compared to its average volume of 25,329,417. The company has a 50 day moving average of $10.21 and a 200 day moving average of $10.37. The stock has a market capitalization of $2.65 billion, a P/E ratio of 17.52 and a beta of 4.36. Riot Platforms has a 52-week low of $6.36 and a 52-week high of $15.87.