Top Financial Stocks To Add to Your Watchlist – February 03rd

iShares Bitcoin Trust, ProShares UltraPro Short QQQ, and Coinbase Global are the three Financial stocks to watch today, according to MarketBeat’s stock screener tool. Financial stocks refer to the shares of companies that operate within the financial services industry, including banks, insurance companies, investment firms, and other businesses involved in managing money. These companies provide a wide range of financial services such as lending, insurance, wealth management, and investment banking, and their stock prices are affected by factors like interest rates, market performance, and economic conditions. Investors interested in financial stocks are looking to capitalize on the opportunities and risks within the financial sector. These companies had the highest dollar trading volume of any Financial stocks within the last several days.

iShares Bitcoin Trust (IBIT)

The IShares Bitcoin Trust Registered (IBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. IBIT was launched on Jan 5, 2024 and is issued by BlackRock.

Shares of NASDAQ IBIT traded down $1.51 during trading hours on Monday, hitting $56.20. 40,036,460 shares of the company’s stock were exchanged, compared to its average volume of 47,742,527. iShares Bitcoin Trust has a 1-year low of $24.13 and a 1-year high of $61.75. The company’s 50-day moving average price is $56.19 and its 200-day moving average price is $44.27.

ProShares UltraPro Short QQQ (SQQQ)

ProShares UltraPro Short QQQ (the Fund) seeks daily investment results, which corresponds to three times the inverse of the daily performance of the NASDAQ-100 Index (the Index). The Index includes 100 of the non-financial domestic and international issues listed on National Association of Securities Dealers Automated Quotation (NASDAQ) Stock Market.

Shares of NASDAQ SQQQ traded up $0.71 during trading hours on Monday, hitting $29.74. 58,904,473 shares of the company’s stock were exchanged, compared to its average volume of 54,977,137. ProShares UltraPro Short QQQ has a 1-year low of $27.23 and a 1-year high of $64.95. The company’s 50-day moving average price is $30.10 and its 200-day moving average price is $36.42.

Coinbase Global (COIN)

Coinbase Global, Inc. provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.

Shares of NASDAQ COIN traded down $10.06 during trading hours on Monday, hitting $281.27. 5,877,354 shares of the company’s stock were exchanged, compared to its average volume of 8,140,282. Coinbase Global has a 1-year low of $114.51 and a 1-year high of $349.75. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $70.42 billion, a price-to-earnings ratio of 48.11 and a beta of 3.61. The company’s 50-day moving average price is $288.00 and its 200-day moving average price is $235.80.