Promising Cryptocurrency Stocks To Add to Your Watchlist – November 10th

Bitfarms, 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 businesses or financial performance are closely tied to cryptocurrencies, such as crypto exchanges, mining firms, or blockchain-infrastructure companies. Unlike cryptocurrencies, they represent ownership in a company and can be affected by both crypto-market movements and the company’s own performance. These companies had the highest dollar trading volume of any Cryptocurrency stocks within the last several days.

Bitfarms (BITF)

Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada.

Shares of BITF traded up $0.09 during trading hours on Tuesday, reaching $1.96. The stock had a trading volume of 37,244,864 shares, compared to its average volume of 47,548,239. Bitfarms has a 12 month low of $0.70 and a 12 month high of $6.60. The firm has a 50-day simple moving average of $3.03 and a 200 day simple moving average of $3.42. The company has a current ratio of 3.20, a quick ratio of 3.14 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of -8.52 and a beta of 3.77.

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.

Shares of Galaxy Digital stock traded down $0.48 during trading hours on Tuesday, reaching $14.03. The company’s stock had a trading volume of 1,918,480 shares, compared to its average volume of 6,558,012. The company has a market capitalization of $5.48 billion, a P/E ratio of -14.01 and a beta of 5.38. The stock’s fifty day simple moving average is $20.69 and its two-hundred day simple moving average is $23.72. Galaxy Digital has a one year low of $11.78 and a one year high of $36.10. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.50 and a current ratio of 1.50.

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.

Shares of NASDAQ:HIVE traded down $0.10 during midday trading on Tuesday, hitting $1.71. 4,213,435 shares of the company’s stock were exchanged, compared to its average volume of 17,805,662. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.96 and a quick ratio of 1.96. The stock has a 50 day moving average price of $2.58 and a 200-day moving average price of $2.79. The company has a market cap of $470.96 million, a PE ratio of -1.32 and a beta of 3.76. HIVE Digital Technologies has a 12 month low of $1.58 and a 12 month high of $5.34.