Eightco Holdings Inc. (NASDAQ:OCTO – Get Free Report) traded down 3.4% during trading on Thursday . The stock traded as low as $0.6152 and last traded at $0.6515. 13,229,636 shares traded hands during mid-day trading, an increase of 14% from the average session volume of 11,576,554 shares. The stock had previously closed at $0.6744.
Eightco Stock Performance
The stock has a market cap of $1.98 million, a P/E ratio of -0.22 and a beta of 0.84. The firm’s 50-day moving average is $0.87 and its two-hundred day moving average is $1.14. The company has a quick ratio of 0.09, a current ratio of 0.30 and a debt-to-equity ratio of 1.15.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Alyeska Investment Group L.P. acquired a new stake in shares of Eightco in the 3rd quarter valued at $291,148,000. Pantera Capital Partners LP acquired a new position in Eightco during the third quarter worth $280,733,000. Anson Funds Management LP bought a new position in Eightco during the third quarter valued at about $198,164,000. Polar Asset Management Partners Inc. bought a new position in Eightco during the third quarter valued at about $13,211,000. Finally, UBS Group AG lifted its position in shares of Eightco by 21,435.9% in the third quarter. UBS Group AG now owns 440,624 shares of the company’s stock worth $10,623,000 after buying an additional 438,578 shares during the last quarter. Institutional investors own 12.85% of the company’s stock.
About Eightco
Eightco Holdings Inc provides inventory management and corrugated custom packaging solutions in North America and Europe. It manufactures and sells custom packaging solutions for a various product; and provides and resells bitcoin mining equipment and co-location services. The company was formerly known as Cryptyde, Inc and changed its name to Eightco Holdings Inc in April 2023. Eightco Holdings Inc was incorporated in 1966 and is headquartered in Easton, Pennsylvania.
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