|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's range||98.40 - 103.13|
|52-week range||50.65 - 239.26|
|Beta (5Y monthly)||3.09|
|PE ratio (TTM)||30.20|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Silvergate is a tiny, under-the-radar bank. What makes it notable is that Silvergate was a first-mover in providing banking services to the crypto industry. Silvergate saw this problem as an opportunity.
Shares of several crypto stocks are rising today after a good weekend for Bitcoin (CRYPTO: BTC), which seems to be moving higher due to investors' belief that inflation has peaked. As of this writing, the price of Bitcoin has risen 4.4% over the last 24 hours. Shares of the large crypto exchange Coinbase (NASDAQ: COIN) were trading roughly 6.5% higher at 11:15 a.m. ET today.
Silvergate Capital (SI) stock skyrockets 91.3% QTD. Here we try to understand the key reasons for this sudden bullish investor sentiments toward the stock.