Bitzero Holdings Inc. (NASDAQ:AIBZ – Get Free Report) fell 5.3% during mid-day trading on Monday. The company traded as low as $2.47 and last traded at $2.49. 416,816 shares were traded during trading, an increase of 29% from the average session volume of 322,056 shares. The stock had previously closed at $2.63.
Analysts Set New Price Targets
Separately, Weiss Ratings started coverage on shares of Bitzero in a report on Tuesday, October 6th. They set a “sell (d-)” rating on the stock. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.
View Our Latest Stock Report on Bitzero
Bitzero Stock Performance
The company has a market capitalization of $134.83 million and a price-to-earnings ratio of -10.38. The business’s 50-day simple moving average is $3.76. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 1.15.
About Bitzero
Bitzero is a digital asset infrastructure company focused on cryptocurrency mining and the development of data center facilities. Its business has been described as emphasizing energy-efficient operations, including the use of renewable power and the potential reuse of heat generated by mining and computing equipment.
The company has also pursued data center and digital infrastructure opportunities intended to support blockchain networks and other high-performance computing applications.
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