Eightco Holdings Inc (OCTO) Stock Could Soon Reward Patient Investors

Eightco Holdings Inc (NASDAQ: OCTO) is 19.71% higher on its value in year-to-date trading and has touched a low of $0.98 and a high of $4.86 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 $1.43 in the last trading session, with the day’s gains setting it 1.03%.

Currently trading at $2.46, the stock is 82.26% and 87.96% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 56.9 million and changing 72.03% at the moment leaves the stock 61.32% off its SMA200. OCTO registered 12.33% gain for a year compared to 6-month loss of 49.09%. The firm has a 50-day simple moving average (SMA 50) of $1.30878 and a 200-day simple moving average (SMA200) of $1.524945.

The stock witnessed a 110.26% gain in the last 1 month and extending the period to 3 months gives it a 117.70%, and is 86.36% 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 27.31% over the week and 13.35% over the month.

Eightco Holdings Inc (OCTO) has around 23 employees, a market worth around $7.49M and $39.92M in sales. Profit margin for the company is -9.47%. Distance from 52-week low is 152.05% and -49.38% from its 52-week high. The company has generated returns on investments over the last 12 months (-19.57%).

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Eightco Holdings Inc (OCTO) Top Institutional Holders

13.0 institutions hold shares in Eightco Holdings Inc (OCTO), with institutional investors hold 1.98% of the company’s shares. The shares outstanding are 3.04M, and float is at 2.47M with Short Float at 1.23%. Institutions hold 1.79% of the Float.

The top institutional shareholder in the company is UBS GROUP AG with over 68286.0 shares valued at $31275.0. The investor’s holdings represent 0.7822% of the OCTO Shares outstanding. As of 2024-06-30, the second largest holder is CITADEL ADVISORS LLC with 28265.0 shares valued at $12988.0 to account for 0.3238 of the shares outstanding. The other top investors are VIRTU FINANCIAL LLC which holds 14170.0 shares representing 0.1623% and valued at over $7000.0, while GROUP ONE TRADING, L.P. holds 0.0067 of the shares totaling 583.0 with a market value of $268.0.

Eightco Holdings Inc (OCTO) Insider Activity

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