Eightco Holdings Inc. (NASDAQ:ORBS – Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $2.66, but opened at $2.58. Eightco shares last traded at $2.76, with a volume of 487,451 shares traded.
Analysts Set New Price Targets
ORBS has been the subject of a number of analyst 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 report on Tuesday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.
Read Our Latest Analysis on Eightco
Eightco Stock Up 3.8%
Eightco (NASDAQ:ORBS – Get Free Report) last posted its earnings results on Friday, November 14th. The company reported ($0.58) EPS for the quarter. The company 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
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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