|Bid||103.51 x 800|
|Ask||108.45 x 1000|
|Day's Range||102.50 - 108.62|
|52 Week Range||13.50 - 187.86|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||45.23|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Stocks generally move higher during earnings season and if you can buy wisely, you can make the most of this trend.
In May, Silvergate Capital (NYSE: SI), a bank that operates in the cryptocurrency space, struck a blockbuster partnership with Facebook to become the exclusive issuer of the Diem U.S. dollar stablecoin, formerly known as Facebook's Libra project. Not only will Silvergate become the exclusive issuer of the Diem, but it will also manage the Diem reserve. Let's take a look at how Silvergate is positioned to drive revenue from stablecoins and its partnership with Facebook.
Silvergate's stock price often moves in line with the direction of bitcoin, but the bank can still produce strong earnings when the price of the cryptocurrency struggles.