Eightco (NASDAQ:ORBS) Trading Up 0.4% – Time to Buy?

Shares of Eightco Holdings Inc. (NASDAQ:ORBS) traded up 0.4% during trading on Thursday . The stock traded as high as $0.81 and last traded at $0.7891. 11,216,579 shares changed hands during trading, a decline of 44% from the average session volume of 19,896,052 shares. The stock had previously closed at $0.7857.

Eightco Stock Up 0.4%

The firm has a market capitalization of $296.52 million, a price-to-earnings ratio of -0.56 and a beta of 2.33. The business’s 50 day moving average is $0.99.

Eightco (NASDAQ:ORBS) last released its earnings results on Wednesday, April 15th. The company reported ($2.39) EPS for the quarter. Eightco had a negative net margin of 794.44% and a negative return on equity of 165.41%. The business had revenue of $10.19 million for the quarter.

Institutional Trading of Eightco

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. PEAK6 LLC acquired a new stake in Eightco during the fourth quarter valued at approximately $26,000. LPL Financial LLC acquired a new stake in Eightco during the fourth quarter valued at approximately $28,000. Monograph Wealth Advisors LLC acquired a new stake in Eightco during the fourth quarter valued at approximately $33,000. Barclays PLC acquired a new stake in Eightco during the fourth quarter valued at approximately $33,000. Finally, JTC Employer Solutions Trustee Ltd acquired a new stake in Eightco during the fourth quarter valued at approximately $35,000. 12.85% of the stock is owned by institutional investors and hedge funds.

About Eightco

Eightco Holdings Inc provides bitcoin mining equipment and co-location services. It also manufactures and sells container boards, corrugated products, and specialty paper products in North America. The company was incorporated in 1966 and is headquartered in Safety Harbor, Florida.