Blockchain Stocks To Add to Your Watchlist – November 5th

Core Scientific, Figure Technology Solutions, and Bitdeer Technologies Group are the three Blockchain stocks to watch today, according to MarketBeat’s stock screener tool. Blockchain stocks are shares of publicly traded companies whose business is significantly involved in blockchain technology, such as developing blockchain software, operating crypto exchanges, or providing mining equipment. Investing in them offers exposure to companies in the blockchain industry, but it is not the same as owning cryptocurrency and their prices can also be affected by broader business and market factors. These companies had the highest dollar trading volume of any Blockchain stocks within the last several days.

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 down $1.57 during trading hours on Thursday, hitting $11.19. 12,909,301 shares of the company’s stock were exchanged, compared to its average volume of 12,876,134. The firm has a market cap of $3.60 billion, a P/E ratio of -2.52 and a beta of 5.56. The firm has a 50 day moving average of $15.92 and a 200 day moving average of $19.55. Core Scientific has a 12-month low of $10.59 and a 12-month high of $30.46.

Figure Technology Solutions (FIGR)

Figure is building the future of capital markets using blockchain-based technology. Figure’s proprietary technology powers next-generation lending, trading and investing activities in areas such as consumer credit and digital assets. Our application of the blockchain ledger allows us to better serve our end-customers, improve speed and efficiency, and enhance standardization and liquidity.

Shares of FIGR traded down $2.53 during midday trading on Thursday, hitting $20.49. The company had a trading volume of 3,540,536 shares, compared to its average volume of 4,655,614. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.86 and a current ratio of 1.86. Figure Technology Solutions has a 1 year low of $19.54 and a 1 year high of $78.00. The firm has a market capitalization of $3.80 billion, a P/E ratio of 22.14, a P/E/G ratio of 0.33 and a beta of 0.94. The company’s 50-day simple moving average is $30.02 and its 200-day simple moving average is $33.95.

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.

NASDAQ:BTDR traded down $1.31 during trading hours on Thursday, hitting $5.22. The company’s stock had a trading volume of 7,983,952 shares, compared to its average volume of 9,699,089. The stock has a fifty day moving average of $10.00 and a 200-day moving average of $11.60. The stock has a market capitalization of $1.19 billion, a P/E ratio of -1.70 and a beta of 2.72. Bitdeer Technologies Group has a 52-week low of $5.03 and a 52-week high of $23.30. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.20.