Eightco Holdings Inc. (NASDAQ:OCTO – Get Free Report)’s share price traded up 4.8% during mid-day trading on Friday . The company traded as high as $0.6315 and last traded at $0.6092. Approximately 17,060,598 shares were traded during mid-day trading, an increase of 47% from the average daily volume of 11,576,554 shares. The stock had previously closed at $0.5811.
Eightco Stock Up 4.8%
The firm has a market cap of $1.86 million, a P/E ratio of -0.20 and a beta of 0.84. The firm’s 50-day moving average price is $0.80 and its 200 day moving average price is $1.00. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.30 and a quick ratio of 0.09.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the company. Alyeska Investment Group L.P. acquired a new position in shares of Eightco in the 3rd quarter worth approximately $291,148,000. Pantera Capital Partners LP acquired a new stake in shares of Eightco during the 3rd quarter valued at approximately $280,733,000. Polar Asset Management Partners Inc. acquired a new stake in shares of Eightco during the 3rd quarter valued at approximately $13,211,000. UBS Group AG lifted its stake in Eightco by 21,435.9% during the third quarter. UBS Group AG now owns 440,624 shares of the company’s stock worth $10,623,000 after purchasing an additional 438,578 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new position in Eightco during the third quarter worth $1,124,000. Institutional investors own 12.85% of the company’s stock.
Eightco Company Profile
Eightco Holdings Inc provides inventory management and corrugated custom packaging solutions in North America and Europe. It manufactures and sells custom packaging solutions for a various product; and provides and resells bitcoin mining equipment and co-location services. The company was formerly known as Cryptyde, Inc and changed its name to Eightco Holdings Inc in April 2023. Eightco Holdings Inc was incorporated in 1966 and is headquartered in Easton, Pennsylvania.
See Also
- Five stocks we like better than Eightco
- Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector
- Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case
- Apple’s Record Quarter Could Not Outrun Its Guidance Problem
- McKesson’s Compounding Keeps Adding Up
Receive News & Ratings for Eightco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eightco and related companies with MarketBeat.com's FREE daily email newsletter.
