Eightco Holdings Inc (NASDAQ: OCTO) is 54.09% higher on its value in year-to-date trading and has touched a low of $0.43 and a high of $4.85 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The OCTO stock was last observed hovering at around $0.79 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $0.79, the stock is 9.66% and 19.79% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.16 million and changing 0.25% at the moment leaves the stock -1.55% off its SMA200. OCTO registered -80.75% loss for a year compared to 6-month gain of 36.55%. The firm has a 50-day simple moving average (SMA 50) of $0.46 and a 200-day simple moving average (SMA200) of -$3.64.
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The stock witnessed a 18.26% loss in the last 1 month and extending the period to 3 months gives it a 43.97%, and is 2.99% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.99% over the week and 10.11% over the month.
Profit margin for the company is -92.53%. Distance from 52-week low is 84.27% and -83.67% from its 52-week high. The company has generated returns on investments over the last 12 months (-246.79%).
33 institutions hold shares in Eightco Holdings Inc (OCTO), with institutional investors hold 3.69% of the company’s shares. The shares outstanding are 4.76M, and float is at 3.25M with Short Float at 2.14%. Institutions hold 3.01% of the Float.
The top institutional shareholder in the company is Hudson Bay Capital Management Lp with over 0.23 million shares valued at $0.32 million. The investor’s holdings represent 7.73% of the OCTO Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 33437.0 shares valued at $47146.0 to account for 1.14% of the shares outstanding. The other top investors are Y Intercept (hong Kong) Ltd which holds 30325.0 shares representing 1.04% and valued at over $42758.0, while Ground Swell Capital, LLC holds 0.66% of the shares totaling 19280.0 with a market value of $27184.0.
