Securitize (NYSE:SECZ – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported ($2.37) earnings per share for the quarter, Zacks reports.
Securitize Price Performance
Shares of SECZ traded up $0.57 during mid-day trading on Wednesday, hitting $7.96. The stock had a trading volume of 2,357,405 shares, compared to its average volume of 1,398,666. The firm has a market cap of $243.42 million, a PE ratio of -72.36 and a beta of 1.46. Securitize has a 52 week low of $6.04 and a 52 week high of $13.70.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on SECZ. Citigroup began coverage on Securitize in a research note on Tuesday. They set an “outperform” rating on the stock. Rosenblatt Securities started coverage on shares of Securitize in a research report on Wednesday, July 15th. They set a “buy” rating and a $14.00 price target for the company. Finally, Citizens Jmp began coverage on shares of Securitize in a report on Tuesday. They set an “outperform” rating and a $15.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $13.00.
About Securitize
Securitize is a financial technology company that provides a platform for issuing, managing, and trading tokenized securities and other digital assets. The company focuses on helping issuers digitize assets on blockchain-based infrastructure while giving investors and intermediaries tools to support compliance, transferability, and recordkeeping.
Its products and services are designed for use across the lifecycle of digital securities, including issuance, investor onboarding, cap table and ownership management, and secondary trading support through regulated market infrastructure.
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