Eightco Holdings Stock Today
| OCTO Stock | 1.47 0.03 2.08% |
Performance0 of 100
| Odds Of DistressOver 81
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Eightco Holdings is selling at 1.47 as of the 21st of December 2024; that is 2.08% up since the beginning of the trading day. The stock's open price was 1.44. Eightco Holdings has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors over the last 90 days. The performance scores are derived for the period starting the 21st of November 2024 and ending today, the 21st of December 2024. Click here to learn more.
Business Domain Materials | IPO Date 30th of June 2022 | Category Consumer Cyclical |
Eightco Holdings is entity of United States. It is traded as Stock on NASDAQ exchange. The company has 2.44 M outstanding shares of which 31.22 K shares are now shorted by private and institutional investors with about 0.09 trading days to cover. More on Eightco Holdings
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Eightco Stock Highlights
| CEO President | Brian McFadden | ||||
| Old Name | Octopus Digital Ltd | ||||
| Business Concentration | Diversified Metals & Mining, Packaging & Containers, Consumer Cyclical, NASDAQ Composite, Karachi All Share, Materials, Metals & Mining, Packaging & Containers, Consumer Cyclical (View all Sectors) | ||||
Eightco Holdings can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Eightco Holdings' financial leverage. It provides some insight into what part of Eightco Holdings' total assets is financed by creditors.
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Eightco Holdings (OCTO) is traded on NASDAQ Exchange in USA. It is located in 101 Larry Holmes Dr., Easton, PA, United States, 18042 and employs 22 people. Eightco Holdings is listed under Diversified Metals & Mining category by Fama And French industry classification. The company currently falls under 'Nano-Cap' category with a current market capitalization of 3.58 M. Eightco Holdings conducts business under Metals & Mining sector and is part of Materials industry. The entity has 2.44 M outstanding shares of which 31.22 K shares are now shorted by private and institutional investors with about 0.09 trading days to cover.
Eightco Holdings generates negative cash flow from operations
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Ownership AllocationEightco Holdings shows 16.55 percent of its outstanding shares held by insiders and 2.69 percent owned by other corporate entities.
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Eightco Holdings Historical Income Statement
Eightco Stock Against Markets
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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
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.