Eightco Holdings Inc. (NASDAQ:ORBS – Get Free Report) CEO Kevin O’donnell acquired 200,000 shares of the stock in a transaction on Thursday, June 11th. The shares were purchased at an average price of $0.92 per share, with a total value of $184,000.00. Following the completion of the transaction, the chief executive officer owned 1,246,485 shares of the company’s stock, valued at approximately $1,146,766.20. This represents a 19.11% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.
Eightco Stock Performance
Shares of ORBS stock opened at $0.88 on Monday. Eightco Holdings Inc. has a fifty-two week low of $0.72 and a fifty-two week high of $83.12. The stock’s fifty day moving average price is $0.91 and its two-hundred day moving average price is $1.36. The company has a market cap of $340.79 million, a PE ratio of -1.49 and a beta of 2.03.
Eightco (NASDAQ:ORBS – Get Free Report) last posted its quarterly earnings results on Wednesday, April 15th. The company reported ($2.39) EPS for the quarter. Eightco had a negative return on equity of 111.48% and a negative net margin of 1,095.69%.The business had revenue of $10.19 million for the quarter.
Wall Street Analyst Weigh In
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in ORBS. Caerus Investment Advisors LLC bought a new position in Eightco in the 1st quarter valued at approximately $29,000. OMERS ADMINISTRATION Corp grew its holdings in Eightco by 187.7% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 158,800 shares of the company’s stock worth $148,000 after acquiring an additional 103,600 shares during the last quarter. Yorkville Advisors Global LP acquired a new position in Eightco in the 1st quarter valued at approximately $27,000. Chicago Partners Investment Group LLC acquired a new position in Eightco in the 1st quarter valued at approximately $34,000. Finally, Krilogy Financial LLC bought a new position in shares of Eightco during the first quarter valued at $33,000. Institutional investors and hedge funds own 12.85% of the company’s stock.
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.
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