Securitize (NYSE:SECZ) Stock Price Down 6.7% – What’s Next?

Shares of Securitize Holdings (NYSE:SECZ) traded down 6.7% during mid-day trading on Wednesday. The company traded as low as $11.56 and last traded at $11.8530. Approximately 598,128 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 2,745,811 shares. The stock had previously closed at $12.70.

Analyst Ratings Changes

SECZ has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Securitize to a “strong sell” rating in a research note on Saturday, September 5th. Cantor Fitzgerald began coverage on shares of Securitize in a research note on Monday, September 21st. They set an “overweight” rating and a $21.20 target price for the company. Citizens Jmp began coverage on Securitize in a report on Tuesday, August 11th. They set an “outperform” rating and a $15.00 price target for the company. Benchmark dropped their price objective on Securitize from $16.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, August 17th. Finally, Zacks Research upgraded Securitize to a “hold” rating in a research note on Tuesday, September 22nd. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $13.37.

Securitize Price Performance

The stock has a market capitalization of $1.89 billion, a P/E ratio of -4.66 and a beta of -0.13. The stock’s 50 day simple moving average is $8.85.

Securitize (NYSE:SECZ) last released its earnings results on Wednesday, August 12th. The company reported ($2.37) EPS for the quarter. The firm had revenue of $14.44 million for the quarter. On average, analysts forecast that Securitize Holdings will post -0.81 earnings per share for the current fiscal year.

Securitize Company Profile

Securitize is a financial technology company that provides infrastructure for issuing, managing and trading digital securities. Its platform uses blockchain technology to represent ownership interests in assets such as private-company shares, private credit, real estate and investment funds as digital tokens.

The company offers services for issuers, investors and financial institutions, including digital securities issuance, investor onboarding, compliance administration, transfer-agent services and secondary-market trading.