Promising Cryptocurrency Stocks To Watch Now – February 20th

Robinhood Markets, Bitdeer Technologies Group, and Cellebrite DI are the three Cryptocurrency stocks to watch today, according to MarketBeat’s stock screener tool. Cryptocurrency stocks are stocks of companies that either deal directly in cryptocurrency or operate in the blockchain technology that enables cryptocurrency. For example, companies that mine Bitcoin or other cryptos, develop blockchain technologies, or have crypto investment portfolios. These stocks tend to fluctuate in value based on the performance and acceptance of cryptocurrency. These companies had the highest dollar trading volume of any Cryptocurrency stocks within the last several days.

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.

NASDAQ:HOOD traded down $4.20 during trading hours on Thursday, reaching $55.03. The company’s stock had a trading volume of 19,197,146 shares, compared to its average volume of 24,727,441. Robinhood Markets has a one year low of $13.39 and a one year high of $66.91. The business’s 50-day moving average is $46.85 and its 200-day moving average is $33.40. The company has a market cap of $48.65 billion, a price-to-earnings ratio of 35.17, a price-to-earnings-growth ratio of 1.13 and a beta of 2.13.

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.

BTDR stock traded down $0.21 during mid-day trading on Thursday, reaching $14.71. 4,526,068 shares of the stock traded hands, compared to its average volume of 6,652,711. The business has a 50-day moving average of $19.51 and a two-hundred day moving average of $12.65. The firm has a market capitalization of $1.65 billion, a PE ratio of -28.20 and a beta of 2.04. Bitdeer Technologies Group has a 52 week low of $5.23 and a 52 week high of $26.99.

Cellebrite DI (CLBT)

Cellebrite DI Ltd. develops solutions for legally sanctioned investigations in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific. The company's DI suite of solutions allows users to collect, review, analyze, and manage digital data across the investigative lifecycle with respect to legally sanctioned investigations used in various cases, including child exploitation, homicide, anti-terror, border control, sexual crimes, human trafficking, corporate security, cryptocurrency, and intellectual property theft.

NASDAQ:CLBT traded down $0.93 during mid-day trading on Thursday, hitting $18.73. 1,143,441 shares of the company’s stock traded hands, compared to its average volume of 1,963,779. The firm has a 50 day moving average of $22.57 and a two-hundred day moving average of $19.33. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of -13.52, a price-to-earnings-growth ratio of 4.54 and a beta of 1.47. Cellebrite DI has a 12 month low of $10.24 and a 12 month high of $26.30.