Look Past The Setbacks And Give Eightco Holdings Inc (NASDAQ: OCTO) Another Chance

Eightco Holdings Inc (NASDAQ:OCTO) currently has a daily average trading volume of 1.69M but it saw 1594631 shares traded in last market. With a market cap of 5.23M USD, the company’s current market price of $2.94 came falling about -19.01 while comparing to the previous closing price of $3.63. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.86 and as low as $1.26. In the recent trading on the day, stock has struck highest price mark of $2.8409 while lowest mark touched by it was $3.3899.

Taking a look at 20-day trading activity of Eightco Holdings Inc (OCTO) gives us an average price of $2.00, while its current price level is -39.51% below from 52-week high level whereas it is 133.43% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.83 while that of 200 days or SMA-200 reads an average of $2.75. A closer look into the stock’s movement over the week reveals that its volatility is standing at 43.52% during that period while stretching the period over a month that decreases to 19.17%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 60.80 which implies that the stock is in neutral territory.

Over the week, OCTO’s stock price is moving 34.24% up while it is 54.74% when we observe its performance for the past one month. Year-to-date it is 14.40% up and over the past year, the stock is showing a downside performance of -3.45%.

Currently, Eightco Holdings Inc’s total number of outstanding shares is 1.78M. Company’s return on investment (ROI) stands at -14.09% and return on equity (ROE) at -31.30%. Stock’s beta reads 1.76. Stock has a price to book (P/B) ratio of 0.37 while price to sale or P/S ratio amounts to 0.09. Its return on asset (ROA) is -5.93% on average.