Eightco (OCTO) Stock Price, News & Analysis

Company Overview

Eightco Holdings Inc. provides inventory management and corrugated custom packaging solutions in North America and Europe. It manufactures and sells custom packaging solutions for a various product; and provides and resells bitcoin mining equipment and co-location services. The company was formerly known as Cryptyde, Inc. and changed its name to Eightco Holdings Inc. in April 2023. Eightco Holdings Inc. was incorporated in 1966 and is headquartered in Easton, Pennsylvania.

Key Stats

• Today's Range: $1.63 to $1.75
• 50-Day Range: $1.52 to $3.63
• 52-Week Range: $1.26 to $4.86
• Volume: 18,739 shs
• Average Volume: 531,761 shs
• Market Capitalization: $3.98 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Eightco Stock Analysis - MarketRank™

Eightco scored higher than 27% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Eightco.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Book Value per Share Ratio

Eightco has a P/B Ratio of 0.31. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.83% of the float of Eightco has been sold short.

Short Interest Ratio / Days to Cover

Eightco has a short interest ratio ("days to cover") of 0, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Eightco has recently decreased by 72.93%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Eightco does not currently pay a dividend.

Dividend Growth

Eightco does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.83% of the float of Eightco has been sold short.

Short Interest Ratio / Days to Cover

Eightco has a short interest ratio ("days to cover") of 0, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Eightco has recently decreased by 72.93%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.33

News Sentiment

Eightco has a news sentiment score of 0.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.54 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Eightco this week, compared to 0 articles on an average week.

Search Interest

Only 26 people have searched for OCTO on MarketBeat in the last 30 days. This is a decrease of -32% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Eightco insiders have not sold or bought any company stock.

Percentage Held by Insiders

20.31% of the stock of Eightco is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 12.85% of the stock of Eightco is held by institutions.

OCTO Stock Analysis - Frequently Asked Questions

How have OCTO shares performed this year?

Eightco's stock was trading at $2.57 at the beginning of the year. Since then, OCTO stock has decreased by 36.6% and is now trading at $1.63.
View the best growth stocks for 2024 here.

When did Eightco's stock split?

Eightco's stock reverse split on Friday, August 16th 2024. The 1-5 reverse split was announced on Friday, August 16th 2024. The number of shares owned by shareholders was adjusted after the closing bell on Friday, August 16th 2024. An investor that had 100 shares of stock prior to the reverse split would have 20 shares after the split.

How do I buy shares of Eightco?

Shares of OCTO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Eightco own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Eightco investors own include Zomedica (ZOM), Jumia Technologies (JMIA), Nano Dimension (NNDM), AST SpaceMobile (ASTS), NIO (NIO), Bakkt (BKKT) and Virgin Galactic (SPCE).

Company Calendar

• Today: 11/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Short-term business credit
• Sub-Industry: Banking
• Current Symbol: NASDAQ:OCTO
• CUSIP: N/A
• CIK: 1892492
• Web: www.cryptyde.com
• Phone: 888-765-8933
• Fax: N/A
• Employees: 35
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-68,320,000.00
• Net Margins: 0.14%
• Pretax Margin: -7.41%
• Return on Equity: -262.04%
• Return on Assets: -32.43%

Debt

• Debt-to-Equity Ratio: 0.74
• Current Ratio: 0.35
• Quick Ratio: 0.22

Sales & Book Value

• Annual Sales: $75.30 million
• Price / Sales: 0.06
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $5.18 per share
• Price / Book: 0.34

Miscellaneous

• Outstanding Shares: 2,440,000
• Free Float: 1,945,000
• Market Cap: $4.27 million
• Optionable: No Data
• Beta: 1.07