Twenty One Capital (NYSE:XXI) Rating Increased to Hold at Wall Street Zen

Twenty One Capital (NYSE:XXI) was upgraded by equities research analysts at Wall Street Zen from a “strong sell” rating to a “hold” rating in a report released on Saturday.

Separately, Weiss Ratings upgraded shares of Twenty One Capital from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, May 14th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Twenty One Capital Stock Down 1.8%

XXI opened at $5.32 on Friday. The company has a quick ratio of 25.22, a current ratio of 25.22 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average price of $6.25 and a 200-day moving average price of $7.32. Twenty One Capital has a twelve month low of $4.81 and a twelve month high of $12.51. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of -37.96 and a beta of -1.52.

Hedge Funds Weigh In On Twenty One Capital

Several institutional investors have recently made changes to their positions in XXI. Bank of America Corp DE purchased a new position in shares of Twenty One Capital in the first quarter worth approximately $1,768,000. Anson Funds Management LP purchased a new stake in Twenty One Capital during the first quarter valued at approximately $8,138,000. Amundi raised its position in Twenty One Capital by 46.2% in the first quarter. Amundi now owns 441,629 shares of the company’s stock worth $2,826,000 after acquiring an additional 139,500 shares during the period. Weiss Asset Management LP bought a new position in Twenty One Capital in the first quarter worth approximately $913,000. Finally, CI Investments Inc. purchased a new position in shares of Twenty One Capital during the 1st quarter worth $108,000.

About Twenty One Capital

Twenty One Capital Inc is a newly formed operating company focused exclusively on Bitcoin-related business lines. Twenty One Capital Inc, formerly known as Cantor Equity Partners Inc, is based in AUSTIN, Texas.