Top Cryptocurrency Stocks To Add to Your Watchlist - March 21st

Investors looking to dive into the cryptocurrency sector should consider adding several stocks to their watchlist. MarketBeat’s stock screener has identified seven cryptocurrency stocks worth attention today. These include Robinhood Markets, Bitfarms, Bitdeer Technologies Group, HIVE Digital Technologies, Cellebrite DI, MoneyLion, and Bit Origin. These stocks represent companies that are closely linked to the cryptocurrency market, including those involved in digital currency exchanges, mining operations, and blockchain technology. Investing in these stocks can provide exposure to the burgeoning digital asset landscape, though investors should keep in mind the high volatility often accompanying the crypto market.

Robinhood Markets (HOOD)

Robinhood Markets, Inc. is a financial services platform operating in the United States. Their platform enables users to invest not just in stocks, but also in exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. Some of the services they offer include fractional trading, recurring investments, securities lending, margin investing, cash sweep, instant withdrawals, retirement program access, and participation in initial public offerings.

On Friday, shares of NASDAQ: HOOD saw a mild decline of $0.23, landing at $43.43. The trading volume stood at 15,519,034 shares, which is lower than its average of 34,358,781 shares. The stock has a 50-day moving average of $48.96 and a 200-day moving average of $36.99. Robinhood has experienced a 52-week low of $13.98 and a high of $66.91, with a market cap of $38.45 billion, a P/E ratio of 27.61, a PEG ratio of 1.05, and a beta of 2.14.

Bitfarms (BITF)

Based in Canada, the United States, Paraguay, and Argentina, Bitfarms Ltd. is primarily engaged in cryptocurrency mining. The company operates server farms that validate transactions on the Bitcoin blockchain, earning revenue from block rewards and transaction fees. In addition, Bitfarms provides electrical services to both commercial and residential clients in Quebec, Canada.

On Friday, BITF dropped $0.01, trading at $1.04 with a trading volume of 11,824,543 shares compared to the average volume of 37,336,367. Its 50-day moving average is $1.35, and the 200-day average is $1.76. The stock has fluctuated between a 12-month low of $0.99 and a high of $3.28, holding a market capitalization of $496.11 million with a P/E ratio of -2.85 and a beta of 3.68.

Bitdeer Technologies Group (BTDR)

Bitdeer Technologies Group functions as a technology firm specializing in blockchain and computing. It provides solutions for hash rate sharing, including cloud hash rate services and a hash rate marketplace. Furthermore, Bitdeer offers comprehensive mining machine hosting solutions, including deployment, maintenance, and management, along with mining cryptocurrencies for its own account.

Bitdeer’s shares traded at $9.89 on Friday, down $0.11. The trading volume reached 865,458 shares, significantly lower than the average of 6,596,597. The firm's 50-day moving average stands at $15.05, while the 200-day moving average is $13.16. Over the past year, the stock has experienced a low of $5.23 and a high of $26.99, with a market cap of $1.11 billion, a P/E ratio of -18.96, and a beta of 2.12.

HIVE Digital Technologies (HIVE)

HIVE Digital Technologies Ltd. is another notable player in cryptocurrency mining, functioning in regions including Canada, Sweden, and Iceland. The company engages in mining and selling digital currencies such as Ethereum Classic and Bitcoin, in addition to running data centers and providing infrastructure solutions.

On Friday, HIVE stock slightly rose by $0.02 to reach a value of $1.69. The trading volume was 3,892,772 shares, lower than its average of 10,074,180. The company's metrics include a current ratio of 10.41, a quick ratio of 10.41, and a debt-to-equity ratio of 0.03. HIVE has recorded a 12-month low of $1.61 and a high of $5.54, with a market cap of $266.39 million and a P/E ratio of -33.68.

Cellebrite DI (CLBT)

Cellebrite DI Ltd. specializes in developing solutions for legal investigations across various regions including Europe, the Middle East, Africa, the Americas, and the Asia-Pacific. The company’s Digital Intelligence (DI) solutions enable users to gather, review, analyze, and manage digital data in contexts such as child exploitation, homicide, anti-terrorism, border control, corporate security, cryptocurrency, and intellectual property theft.

On Friday, shares of NASDAQ: CLBT gained $0.09, hitting a price of $19.13 with a volume of 248,499 shares, below its average volume of 1,117,825. Cellebrite DI has a market capitalization of $3.94 billion and metrics including a P/E ratio of -13.75 and a beta of 1.52. The stock’s 12-month low is $10.25 and its high is $26.30.

MoneyLion (ML)

MoneyLion Inc. is a fintech company offering personalized financial products and content for American consumers. Their platform provides banking, borrowing, and investment solutions. Key products include RoarMoney (a digital demand deposit account), Instacash (a cash advance feature), Credit Builder Plus membership, MoneyLion Investing (an investment account with ETF portfolios), Roundups (saving and investing encouragement tools), and MoneyLion Crypto (a cryptocurrency account).

Shares of MoneyLion traded at $88.30 on Friday, increasing by $0.02. The trading volume was 31,436 shares, compared to an average of 158,899. The company’s market capitalization is $999.50 million with a P/E ratio of 401.34 and a beta of 3.04. The stock has navigated a 12-month low of $36.65 and a high of $106.82.

Bit Origin (BTOG)

Lastly, Bit Origin is another company worth noting, with shares traded down by $0.04 to reach $0.26 on Friday. The stock volume was 6,202,679 shares, slightly higher than its average of 6,046,225. Bit Origin has recorded a 50-day moving average price of $0.47 and a 200-day average price of $1.26. The stock has seen a 12-month low of $0.16 and a high of $6.04, with a current ratio of 2.68, a quick ratio of 2.68, and a debt-to-equity ratio of 3.61.

Conclusion

These seven cryptocurrency stocks may provide interesting investment opportunities in the fast-evolving cryptocurrency market. As always, potential investors should conduct thorough research and assess individual risk tolerance before making any investment decisions.

cryptocurrency, stocks, investing