In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
After finishing at $1.91 in the prior trading day, Eightco Holdings Inc (NASDAQ: OCTO) closed at $1.80, down -5.76%. In other words, the price has decreased by -$5.76 from its previous closing price. On the day, 0.1 million shares were traded. OCTO stock price reached its highest trading level at $1.92 during the session, while it also had its lowest trading level at $1.66.
Ratios:
Our goal is to gain a better understanding of OCTO by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.19 and its Current Ratio is at 0.35. In the meantime, Its Debt-to-Equity ratio is 2.13 whereas as Long-Term Debt/Eq ratio is at 0.71.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OCTO now has a Market Capitalization of 4394448 and an Enterprise Value of 30380606. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.11 while its Price-to-Book (P/B) ratio in mrq is 0.33. Its current Enterprise Value per Revenue stands at 0.547 whereas that against EBITDA is -8.767.
Stock Price History:
The Beta on a monthly basis for OCTO is 1.61, which has changed by -0.35714287 over the last 52 weeks, in comparison to a change of 0.23806548 over the same period for the S&P500. Over the past 52 weeks, OCTO has reached a high of $4.86, while it has fallen to a 52-week low of $1.26. The 50-Day Moving Average of the stock is -1.29%, while the 200-Day Moving Average is calculated to be -23.29%.
Shares Statistics:
The stock has traded on average 536.20K shares per day over the past 3-months and 3048080 shares per day over the last 10 days, according to various share statistics. A total of 2.38M shares are outstanding, with a floating share count of 2.13M. Insiders hold about 12.93% of the company’s shares, while institutions hold 1.81% stake in the company. Shares short for OCTO as of 1730332800 were 12085 with a Short Ratio of 0.04, compared to 1727654400 on 395400. Therefore, it implies a Short% of Shares Outstanding of 12085 and a Short% of Float of 0.7900001.
Earnings Estimates
The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0.
