Securitize Holdings (NYSE:SECZ – Get Free Report) shares traded down 8.3% during mid-day trading on Thursday. The stock traded as low as $8.34 and last traded at $8.4130. 516,723 shares traded hands during trading, a decline of 82% from the average session volume of 2,903,275 shares. The stock had previously closed at $9.17.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on SECZ shares. Weiss Ratings initiated coverage on Securitize in a report on Friday, September 25th. They set a “sell (d-)” rating on the stock. Wall Street Zen downgraded Securitize to a “strong sell” rating in a report on Saturday, September 5th. Citizens Jmp lifted their price target on shares of Securitize from $15.00 to $17.00 and gave the company a “market outperform” rating in a research report on Friday, October 9th. Cantor Fitzgerald started coverage on shares of Securitize in a research note on Monday, September 21st. They issued an “overweight” rating and a $21.20 price objective for the company. Finally, Needham & Company LLC began coverage on shares of Securitize in a report on Tuesday, September 8th. They set a “buy” rating and a $11.00 price objective for the company. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $14.37.
View Our Latest Analysis on SECZ
Securitize Stock Down 13.2%
The firm’s 50 day moving average is $9.67. The company has a market cap of $1.30 billion, a P/E ratio of -3.21 and a beta of -0.13.
Securitize (NYSE:SECZ – Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($2.37) earnings per share (EPS) for the quarter. The business had revenue of $14.44 million during the quarter. On average, sell-side analysts expect that Securitize Holdings will post -0.81 earnings per share for the current year.
Securitize Company Profile
Securitize is a financial technology company focused on the issuance, management and trading of tokenized securities and other real-world assets. Its platform uses blockchain technology to create digital representations of assets such as private company shares, investment funds, credit products and real estate interests.
The company provides infrastructure and services for issuers, investors and financial institutions, including digital securities issuance, investor onboarding, compliance, transfer agency, fund administration and secondary-market trading.
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