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FY2024 EPS Forecast for DeFi Technologies Raised by Analyst

DeFi Technologies logo with Business Services background

DeFi Technologies Inc. (OTC:DEFTF - Free Report) - B. Riley upped their FY2024 EPS estimates for shares of DeFi Technologies in a research note issued to investors on Monday, November 25th. B. Riley analyst H. Goetsch now expects that the company will post earnings per share of $0.26 for the year, up from their previous estimate of $0.21. B. Riley currently has a "Strong-Buy" rating on the stock. The consensus estimate for DeFi Technologies' current full-year earnings is $0.24 per share. B. Riley also issued estimates for DeFi Technologies' FY2025 earnings at $0.29 EPS.

DeFi Technologies Stock Performance

Shares of OTC DEFTF traded down $0.18 during midday trading on Tuesday, hitting $2.25. 2,774,614 shares of the stock traded hands, compared to its average volume of 852,315. DeFi Technologies has a one year low of $0.20 and a one year high of $2.64. The business has a 50 day moving average price of $2.01 and a two-hundred day moving average price of $1.67. The company has a market cap of $688.84 million and a PE ratio of 11.25.

About DeFi Technologies

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DeFi Technologies Inc, a technology company, develops and lists exchange traded products in Canada, Bermuda, and the Cayman Islands. The company provides asset management services, such as investment vehicles, indirect exposure to underlying cryptocurrencies, digital asset indexes, and other decentralized finance instruments.

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