Eightco Holdings Inc. (NASDAQ:OCTO – Get Free Report)’s stock price was up 4.8% during trading on Friday . The stock traded as high as $0.6315 and last traded at $0.6092. 17,060,598 shares were traded during mid-day trading, an increase of 47% from the average session volume of 11,576,554 shares. The stock had previously closed at $0.5811.
Eightco Price Performance
The business has a fifty day moving average of $0.80 and a 200 day moving average of $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. The stock has a market cap of $1.86 million, a PE ratio of -0.20 and a beta of 0.84.
Hedge Funds Weigh In On Eightco
Several institutional investors and hedge funds have recently made changes to their positions in the business. Alyeska Investment Group L.P. acquired a new stake in shares of Eightco during the third quarter worth approximately $291,148,000. Pantera Capital Partners LP acquired a new stake in Eightco in the third quarter valued at $280,733,000. Polar Asset Management Partners Inc. acquired a new stake in Eightco in the third quarter valued at $13,211,000. UBS Group AG boosted its stake in Eightco by 21,435.9% during the 3rd quarter. UBS Group AG now owns 440,624 shares of the company’s stock valued at $10,623,000 after acquiring an additional 438,578 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new position in Eightco during the 3rd quarter valued at $1,124,000. 12.85% of the stock is currently owned by hedge funds and other institutional investors.
About Eightco
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.
