5 Best NFTs Stocks To Buy Today

A non-fungible token (NFT) is financial security consisting of digital data stored in a blockchain, a form of a distributed ledger. The ownership of an NFT is recorded in the blockchain and can be transferred by the owner, allowing NFTs to be sold and traded. Using the NFT is not just evidence of ownership but it can also allow the owner of the digital asset to demonstrate that they own the intellectual property rights to the digital asset that is represented by the NFT.

Users who are interested in the non-fungible token scene (NFT) may want to invest in stocks that are loosely tied to the industry. The advantage of this approach is that you are not putting all of your eggs in one basket like you would be if you simply purchased an NFT in hopes of its value increasing.

In this article, Stocks Telegraph is presenting you with the 5 Best NFTs stocks to invest in.

Coinbase Global Inc. (COIN)

On Tuesday, shares in Coinbase Global Inc. (COIN) fell -1.72% to close the day at $90.39. The volume of shares traded was 17.06 million, which is higher than the average volume over the last three months of 15.53 million. During the trading session, the stock oscillated between $84.2397 and $95.50. The company had an earnings per share ratio of -1.56. COIN’s stock has gained 3.09% of its value in the previous five sessions and 54.07% over the past month but has lost -64.18% on a year-to-date basis. The stock’s 50-day moving average of $64.96 is above the 200-day moving average of $166.55. Moreover, the stock is currently trading at an RSI of 59.99.

The top 3 mutual fund holders in Coinbase Global Inc. are ARK Innovation ETF, Vanguard Total Stock Market Index, and Vanguard Mid Cap Index Fund. ARK Innovation ETF owns 4,947,068 shares of the company’s stock, all valued at over $311.47 million. The company sold 15691.0 shares recently to bring its total holdings to about 2.85% of the shares outstanding. Vanguard Total Stock Market Index bought 92575.0 shares to see its total holdings expand to 4,101,415 shares valued at over $258.23 million and representing 2.36% of the shares outstanding. Vanguard Mid Cap Index Fund bought 3.2 million shares to bring its total holdings to over 3.2 million shares at a value of $201.39 million. Vanguard Mid Cap Index Fund now owns shares totaling to 1.84% of the shares outstanding.

Funko Inc. (FNKO)

Funko Inc. (FNKO) stock added 2.19% to finish the last trading session at $21.90. The stock recorded a trading volume of 0.51 million shares, which is below the average daily trading volume published for the last 50 days of 0.9 million shares. The shares of Funko Inc. have retreated 4.09% in the last five days; however, they have lost -4.78% over the last month. The stock price has surged 11.56% over the last three months and has gained 19.67 percent so far this year. Further, the stock is being traded at a price-to-earnings ratio of 20.54. Additionally, it has a price-to-sales ratio stands at 0.88.

With this outlook, analysts have a consensus recommendation rating of 2.10 for the stock, suggesting that investors Overweight the stock. JP Morgan issued a stock update for Funko Inc. (FNKO) on June 23, 2022, in which the firm assigned an “Overweight” rating. Jefferies on August 31, 2021, rated the stock as “a Buy,”. 8 analysts offering their rating for the stock are split like this: 3 of the 8 rate it as a Hold; 5 see it as a buy, while 0 say it is overweight. Although bearish, it is notable that the stock is well above its 200-day simple moving average by 14.88%, while it is -5.12% below and -8.13% below its SMA50 and SMA20 respectively. The volume of shares traded in the last session stands at 0.51 million against a 3-month average of 814.61K.

ZK International Group Co. Ltd. (ZKIN)

ZK International Group Co. Ltd. (ZKIN) stock closed the last session at $1.11, increasing 0.91% or $0.01. Shares of the company fluctuated between $1.08 and $1.13 throughout the day. The number of shares exchanged was 48530.0, less than the company’s 50-day daily volume of 0.45 million and lower than its Year-to-date volume of 0.28 million. In the past 12 months, the company’s stock has advanced by -65.63%, and in the last one week, the stock has moved down by -5.93%. For the last six months, the stock has lost a total of -23.45%, and over the last three months, the stock has increased by 18.36%. The stock has returned -20.14% so far this year.

ZK International Group Co. Ltd. (ZKIN) has a 20-day trading average of $1.1896 and the current price is -77.53% off the 52-week high compared with a 30.43% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.1564, and its 200-day simple moving average is $1.4092. If we look at the stock’s price movements over the week, volatility stands at 8.77%, which decreases to 8.67% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 43.59 to suggest the stock is neutral.

Takung Art Co. Ltd. (TKAT)

The stock of Takung Art Co. Ltd. (TKAT) gained 2.60% to complete the last trading session at $1.97. The price range of the company’s shares was between $1.88 and $2.03. It traded 0.22 million shares, which was below its daily average of 2.05 million shares over 100 days. TKAT’s shares have gained by 10.06% in the last five days, while they have added 7.07% in the last month. Further, it is currently trading at a price-to-book ratio of 14.07.

If we take a glance at the Ownership summary of Takung Art Co. Ltd.’s stock, Institutional holders make up 0.90% of its total stock ownership. All together, they are the legal holders of 14.37 million shares. Whilst focusing on the top 3 stockholders for this publicly traded organization, Sabby Capital LLC owns 0.58 million shares, with Morgan Stanley & Co. LLC in 2nd place owning 0.32 million shares and Jonathan Roberts Advisory Group, Inc. in third place with total ownership of 52900.0 shares.

Dolphin Entertainment Inc. (DLPN)

Dolphin Entertainment Inc. (DLPN) stock lost -3.37% to close Tuesday’s session at $4.88. The stock volume remained 25479.0 shares, which was lower than the average daily volume of 28028.0 shares within the past 50 days. DLPN shares have fallen by -48.95% over the last 12 months, and they have moved up by 2.74% in the past week. Over the past three months, the stock has gained 35.56%, while over the past six months, it has shed 6.78%. Further, the company has a current market of $46.85 million and its outstanding shares stood at 8.71 million.

SIMPLEX TRADING LLC bought a fresh place in Dolphin Entertainment Inc. (NASDAQ: DLPN). The institutional investor bought 34.2 thousand shares of the stock in a transaction that took place on 6/30/2022. In another most recent transaction, which was held on 6/30/2022, BARD ASSOCIATES, INC. bought approximately 21.3 thousand shares of Dolphin Entertainment Inc. In a separate transaction that took place on 6/30/2022, the institutional investor, GROUP ONE TRADING LP bought 14.5 thousand shares of the company’s stock. The total Institutional investors and hedge funds own 10.40% of the company’s stock.

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