Eightco Holdings Inc [NASDAQ: OCTO] surged by $1.14 during the normal trading session on while it closed the day at $3.63.
Eightco Holdings Inc stock has also gained 72.86% of its value over the past 7 days. However, OCTO stock has inclined by 49.54% in the 3 months of the year. Over the past six months meanwhile, it has lost -6.92% and gained 41.25% year-on date.
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The market cap for OCTO stock reached $6.46 million, with 1.78 million shares outstanding and 1.46 million shares in the current float. Compared to the average trading volume of 122.35K shares, OCTO reached a trading volume of 100417204 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Eightco Holdings Inc [OCTO]:
The Average True Range (ATR) for Eightco Holdings Inc is set at 0.53, with the Price to Sales ratio for OCTO stock in the period of the last 12 months amounting to 0.12. The Price to Book ratio for the last quarter was 0.46, with the Price to Cash per share for the same quarter was set at 0.20.
OCTO stock trade performance evaluation
Eightco Holdings Inc [OCTO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 72.86. With this latest performance, OCTO shares gained by 87.12% in over the last four-week period, additionally sinking by -6.92% over the last 6 months – not to mention a rise of 20.80% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OCTO stock in for the last two-week period is set at 73.14, with the RSI for the last a single of trading hit 75.47, and the three-weeks RSI is set at 70.07 for Eightco Holdings Inc [OCTO]. The present Moving Average for the last 50 days of trading for this stock 1.82, while it was recorded at 2.81 for the last single week of trading, and 2.75 for the last 200 days.
Eightco Holdings Inc [OCTO]: An insightful look at the core fundamentals
Eightco Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.11 and a Current Ratio set at 0.32.
Eightco Holdings Inc [OCTO]: Institutional Ownership
There are presently around $1.28%, or 1.53%% of OCTO stock, in the hands of institutional investors.
