Neptune Digital Assets (CVE:NDA) Price Target Raised to C$2.00

Neptune Digital Assets (CVE:NDA) had its price objective increased by stock analysts at HC Wainwright from C$1.00 to C$2.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. HC Wainwright’s price target would indicate a potential upside of 90.48% from the stock’s current price.

Neptune Digital Assets Stock Performance

Shares of NDA stock traded down C$0.09 during trading on Monday, reaching C$1.05. 401,071 shares of the company’s stock traded hands, compared to its average volume of 341,317. The firm’s 50-day moving average is C$0.86 and its 200 day moving average is C$0.48. The company has a market capitalization of C$133.61 million, a P/E ratio of -8.67 and a beta of 3.25. Neptune Digital Assets has a 1 year low of C$0.23 and a 1 year high of C$1.28. The company has a current ratio of 70.04, a quick ratio of 4.84 and a debt-to-equity ratio of 1.96.

About Neptune Digital Assets

Neptune Digital Assets Corp. builds, owns, and operates digital currency infrastructure assets in Canada. The company stakes and lends various digital currencies. It also engages in the Bitcoin mining, node operations, cryptocurrency staking, and decentralized finance (DeFi) tokens, as well as invests in liquidity mining pools.