Eightco (NASDAQ:ORBS) Shares Gap Down – What’s Next?

by · The Cerbat Gem

Eightco Holdings Inc. (NASDAQ:ORBS – Get Free Report)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $2.90, but opened at $2.77. Eightco shares last traded at $2.73, with a volume of 723,260 shares traded.

Wall Street Analysts Forecast Growth

ORBS has been the topic of a number of recent research reports. Wall Street Zen downgraded Eightco from a “hold” rating to a “sell” rating in a research note on Friday, November 21st. Weiss Ratings reissued a “sell (d-)” rating on shares of Eightco in a research note on Monday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Read Our Latest Report on ORBS

Eightco Stock Performance

The company has a market capitalization of $542.06 million, a price-to-earnings ratio of -1.94 and a beta of 2.24.

Eightco (NASDAQ:ORBS – Get Free Report) last announced its earnings results on Friday, November 14th. The company reported ($0.58) EPS for the quarter. The firm had revenue of $5.30 million during the quarter. Eightco had a negative return on equity of 14.76% and a negative net margin of 74.37%.

About Eightco

(Get Free Report)

Eightco Holdings Inc provides bitcoin mining equipment and co-location services. It also manufactures and sells container boards, corrugated products, and specialty paper products in North America. The company was incorporated in 1966 and is headquartered in Safety Harbor, Florida.

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