Eightco Holdings Stock Buy Hold or Sell Recommendation
| OCTO Stock | 1.47 0.03 2.08% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Eightco Holdings is 'Strong Sell'. The recommendation algorithm takes into account all of Eightco Holdings' available fundamental, technical, and predictive indicators you will find on this site.
Check out Eightco Holdings Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. To learn how to invest in Eightco Stock, please use our How to Invest in Eightco Holdings guide. In addition, we conduct extensive research on individual companies such as Eightco and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Eightco Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
Eightco |
Execute Eightco Holdings Buy or Sell Advice
The Eightco recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Eightco Holdings. Macroaxis does not own or have any residual interests in Eightco Holdings or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Eightco Holdings' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Abnormally volatile | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Very High | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
Eightco Holdings Trading Alerts and Improvement Suggestions
| Eightco Holdings generated a negative expected return over the last 90 days | |
| Eightco Holdings has high historical volatility and very poor performance | |
| Eightco Holdings may become a speculative penny stock | |
| Eightco Holdings has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 75.3 M. Net Loss for the year was (68.32 M) with profit before overhead, payroll, taxes, and interest of 2.19 M. | |
| Eightco Holdings generates negative cash flow from operations | |
| About 17.0% of the company outstanding shares are owned by corporate insiders |
Eightco Holdings Returns Distribution Density
The distribution of Eightco Holdings' historical returns is an attempt to chart the uncertainty of Eightco Holdings' future price movements. The chart of the probability distribution of Eightco Holdings daily returns describes the distribution of returns around its average expected value. We use Eightco Holdings price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Eightco Holdings returns is essential to provide solid investment advice for Eightco Holdings.
| Mean Return | -0.14 | Value At Risk | -9.57 | Potential Upside | 16.44 | Standard Deviation | 9.36 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Eightco Holdings historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Eightco Holdings Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Eightco Holdings or Metals & Mining sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Eightco Holdings' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Eightco stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.2 | |
β | Beta against Dow Jones | 2.26 | |
σ | Overall volatility | 8.64 | |
Ir | Information ratio | -0.02 |
Eightco Holdings Volatility Alert
Eightco Holdings is displaying above-average volatility over the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Eightco Holdings' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Eightco Holdings' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Eightco Holdings Fundamentals Vs Peers
Comparing Eightco Holdings' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Eightco Holdings' direct or indirect competition across all of the common fundamentals between Eightco Holdings and the related equities. This way, we can detect undervalued stocks with similar characteristics as Eightco Holdings or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Eightco Holdings' fundamental indicators could also be used in its relative valuation, which is a method of valuing Eightco Holdings by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Eightco Holdings to competition |
| Fundamentals | Eightco Holdings | Peer Average |
| Return On Equity | -0.32 | -0.31 |
| Return On Asset | -0.0743 | -0.14 |
| Profit Margin | (0.06) % | (1.27) % |
| Operating Margin | (0.24) % | (5.51) % |
| Current Valuation | 28.97 M | 16.62 B |
| Shares Outstanding | 2.44 M | 571.82 M |
| Shares Owned By Insiders | 16.55 % | 10.09 % |
| Shares Owned By Institutions | 2.69 % | 39.21 % |
| Number Of Shares Shorted | 31.22 K | 4.71 M |
| Price To Book | 0.27 X | 9.51 X |
| Price To Sales | 0.06 X | 11.42 X |
| Revenue | 75.3 M | 9.43 B |
| Gross Profit | 2.19 M | 27.38 B |
| EBITDA | (53.72 M) | 3.9 B |
| Net Income | (68.32 M) | 570.98 M |
| Total Debt | 36.9 M | 5.32 B |
| Book Value Per Share | (4.18) X | 1.93 K |
| Cash Flow From Operations | (6.4 M) | 971.22 M |
| Short Ratio | 0.09 X | 4.00 X |
| Earnings Per Share | 12.29 X | 3.12 X |
| Number Of Employees | 22 | 18.84 K |
| Beta | 1.8 | -0.15 |
| Market Capitalization | 3.58 M | 19.03 B |
| Total Asset | 55.41 M | 29.47 B |
| Retained Earnings | (113.28 M) | 9.33 B |
| Working Capital | (25.43 M) | 1.48 B |
| Net Asset | 55.41 M |
Note: Acquisition by Jennings Frank D of 42500 shares of Eightco Holdings subject to Rule 16b-3 [view details]
Eightco Holdings Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Eightco . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Eightco Holdings Buy or Sell Advice
When is the right time to buy or sell Eightco Holdings? Buying financial instruments such as Eightco Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
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Check out Eightco Holdings Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. To learn how to invest in Eightco Stock, please use our How to Invest in Eightco Holdings guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eightco Holdings. If investors know Eightco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eightco Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 12.29 | Revenue Per Share 51.533 | Quarterly Revenue Growth (0.66) | Return On Assets (0.07) | Return On Equity (0.32) |
The market value of Eightco Holdings is measured differently than its book value, which is the value of Eightco that is recorded on the company's balance sheet. Investors also form their own opinion of Eightco Holdings' value that differs from its market value or its book value, called intrinsic value, which is Eightco Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eightco Holdings' market value can be influenced by many factors that don't directly affect Eightco Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eightco Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Eightco Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eightco Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.