Eightco Holdings Inc [NASDAQ: ORBS] stock went on an upward path that rose over 4.32% on Thursday, amounting to a one-week price decrease of less than -30.34%.
Over the last 12 months, ORBS stock rose by 285.84%.
The market cap for the stock reached $25.73 million, with 3.04 million shares outstanding and 2.51 million shares in the current float. Compared to the average trading volume of 5.64M shares, ORBS stock reached a trading volume of 4322055 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Eightco Holdings Inc [ORBS]:
The Price to Book ratio for the last quarter was 2.89, with the Price to Cash per share for the same quarter was set at 0.23.
ORBS Stock Performance Analysis:
Eightco Holdings Inc [ORBS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -30.34. With this latest performance, ORBS shares gained by 463.33% in over the last four-week period, additionally plugging by 628.45% over the last 6 months – not to mention a rise of 285.84% 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 ORBS stock in for the last two-week period is set at 46.55, with the RSI for the last a single of trading hit 3.34, and the three-weeks RSI is set at 3.68 for Eightco Holdings Inc [ORBS]. The present Moving Average for the last 50 days of trading for this stock 6.91, while it was recorded at 9.68 for the last single week of trading, and 2.77 for the last 200 days.
Insight into Eightco Holdings Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Eightco Holdings Inc [ORBS] shares currently have an operating margin of -15.17% and a Gross Margin at 10.81%. Eightco Holdings Inc’s Net Margin is presently recorded at -23.22%.
Eightco Holdings Inc (ORBS) Capital Structure & Debt Analysis
According to recent financial data for Eightco Holdings Inc. ( ORBS), the Return on Equity (ROE) stands at -87.24%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -20.45%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Eightco Holdings Inc’s Return on Invested Capital (ROIC) is -50.42%, showcasing its effectiveness in deploying capital for earnings.
Eightco Holdings Inc (ORBS) Efficiency & Liquidity Metrics
Based on Eightco Holdings Inc’s (ORBS) latest financial statements, the Debt-to-Equity Ratio is 3.55%, indicating its reliance on debt financing relative to shareholder equity.
Eightco Holdings Inc (ORBS) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Eightco Holdings Inc. (ORBS) effectively leverages its workforce, generating an average of -$408695.65 per employee. The company’s liquidity position is robust, with a Current Ratio of 0.30% and a Quick Ratio of 0.07%, indicating strong ability to cover short-term liabilities.
Eightco Holdings Inc [ORBS] Institutonal Ownership Details
There are presently around $14.41%, or 19.64%% of ORBS stock, in the hands of institutional investors.
