Eightco Holdings Inc [NASDAQ: OCTO] gained 61.25% on the last trading session, reaching $2.58 price per share at the time.
If compared to the average trading volume of 77.95K shares, OCTO reached a trading volume of 28762249 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Eightco Holdings Inc [OCTO]:
The Average True Range (ATR) for Eightco Holdings Inc is set at 0.23, with the Price to Sales ratio for OCTO stock in the period of the last 12 months amounting to 0.16. The Price to Book ratio for the last quarter was 0.47, with the Price to Cash per share for the same quarter was set at 0.96.
Trading performance analysis for OCTO stock
Eightco Holdings Inc [OCTO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 73.15. With this latest performance, OCTO shares gained by 36.51% in over the last four-week period, additionally plugging by 14.85% over the last 6 months – not to mention a drop of -9.31% 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 77.59, with the RSI for the last a single of trading hit 86.95, and the three-weeks RSI is set at 69.54 for Eightco Holdings Inc [OCTO]. The present Moving Average for the last 50 days of trading for this stock 1.8400, while it was recorded at 1.7500 for the last single week of trading, and 2.4000 for the last 200 days.
Eightco Holdings Inc [OCTO]: A deeper dive into fundamental analysis
Eightco Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.19 and a Current Ratio set at 0.35.
An analysis of Institutional ownership at Eightco Holdings Inc [OCTO]
There are presently around $2.69%, or 3.23%% of OCTO stock, in the hands of institutional investors.
