Eightco Holdings Stock Performance
| OCTO Stock | 1.47 0.03 2.08% |
The firm shows a Beta (market volatility) of 2.26, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Eightco Holdings will likely underperform. At this point, Eightco Holdings has a negative expected return of -0.87%. Please make sure to confirm Eightco Holdings' value at risk, as well as the relationship between the daily balance of power and price action indicator , to decide if Eightco Holdings performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Eightco Holdings has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Stock's basic indicators remain very healthy which may send shares a bit higher in January 2025. The recent disarray may also be a sign of long period up-swing for the firm investors. ...more
Last Split Factor 1:5 | Last Split Date 2024-08-16 |
1 | Eightco Holdings Inc. expands at-the-market offering to 2.75 million - Investing.com | 09/26/2024 |
2 | Acquisition by Jennings Frank D of 42500 shares of Eightco Holdings subject to Rule 16b-3 | 09/27/2024 |
3 | Noetik Announces First-in-Class Human Foundation Models for Discovery at SITC 2024 | 11/07/2024 |
4 | Eightco Holdings reports Q3 results | 11/15/2024 |
| Begin Period Cash Flow | 5.6 M | |
| Free Cash Flow | -6.9 M |
Eightco |
Eightco Holdings Relative Risk vs. Return Landscape
If you would invest 320.00 in Eightco Holdings on September 22, 2024 and sell it today you would lose (173.00) from holding Eightco Holdings or give up 54.06% of portfolio value over 90 days. Eightco Holdings is currently does not generate positive expected returns and assumes 8.6438% risk (volatility on return distribution) over the 90 days horizon. In different words, 76% of stocks are less volatile than Eightco, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Eightco Holdings Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eightco Holdings' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Eightco Holdings, and traders can use it to determine the average amount a Eightco Holdings' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.1007
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| Negative Returns | OCTO |
Estimated Market Risk
| 8.64 actual daily | 76 76% of assets are less volatile |
Expected Return
| -0.87 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Eightco Holdings is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Eightco Holdings by adding Eightco Holdings to a well-diversified portfolio.
Eightco Holdings Fundamentals Growth
Eightco Stock prices reflect investors' perceptions of the future prospects and financial health of Eightco Holdings, and Eightco Holdings fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Eightco Stock performance.
| Return On Equity | -0.32 | ||||
| Return On Asset | -0.0743 | ||||
| Profit Margin | (0.06) % | ||||
| Operating Margin | (0.24) % | ||||
| Current Valuation | 28.97 M | ||||
| Shares Outstanding | 2.44 M | ||||
| Price To Book | 0.27 X | ||||
| Price To Sales | 0.06 X | ||||
| Revenue | 75.3 M | ||||
| Gross Profit | 2.19 M | ||||
| EBITDA | (53.72 M) | ||||
| Net Income | (68.32 M) | ||||
| Total Debt | 36.9 M | ||||
| Book Value Per Share | (4.18) X | ||||
| Cash Flow From Operations | (6.4 M) | ||||
| Earnings Per Share | 12.29 X | ||||
| Market Capitalization | 3.58 M | ||||
| Total Asset | 55.41 M | ||||
| Retained Earnings | (113.28 M) | ||||
| Working Capital | (25.43 M) | ||||
About Eightco Holdings Performance
By examining Eightco Holdings' fundamental ratios, stakeholders can obtain critical insights into Eightco Holdings' financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Eightco Holdings is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 36.04 | 19.82 | |
| Return On Tangible Assets | (4.02) | (3.82) | |
| Return On Capital Employed | (0.62) | (0.66) | |
| Return On Assets | (1.23) | (1.17) | |
| Return On Equity | 17.37 | 18.24 |
Things to note about Eightco Holdings performance evaluation
Checking the ongoing alerts about Eightco Holdings for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Eightco Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| 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 |
- Analyzing Eightco Holdings' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Eightco Holdings' stock is overvalued or undervalued compared to its peers.
- Examining Eightco Holdings' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Eightco Holdings' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Eightco Holdings' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Eightco Holdings' stock. These opinions can provide insight into Eightco Holdings' potential for growth and whether the stock is currently undervalued or overvalued.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in 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. To learn how to invest in Eightco Stock, please use our How to Invest in Eightco Holdings guide.You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
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.