Eightco (NASDAQ:ORBS) Posts Earnings Results

Eightco (NASDAQ:ORBS) released its quarterly earnings data on Friday. The company reported ($0.32) earnings per share for the quarter, FiscalAI reports. The business had revenue of $7.56 million during the quarter. Eightco had a negative return on equity of 165.41% and a negative net margin of 794.44%.

Eightco Trading Down 7.9%

ORBS stock opened at $0.82 on Friday. The firm has a market capitalization of $308.13 million, a price-to-earnings ratio of -0.58 and a beta of 1.98. The firm’s fifty day moving average price is $0.94. Eightco has a one year low of $0.74 and a one year high of $83.12.

Institutional Trading of Eightco

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ORBS. PEAK6 LLC acquired a new stake in Eightco during the fourth quarter valued at $26,000. Yorkville Advisors Global LP acquired a new stake in Eightco during the first quarter valued at $27,000. LPL Financial LLC acquired a new stake in Eightco during the fourth quarter valued at $28,000. Monograph Wealth Advisors LLC acquired a new stake in Eightco during the fourth quarter valued at $33,000. Finally, Krilogy Financial LLC acquired a new stake in Eightco during the first quarter valued at $33,000. Institutional investors and hedge funds own 12.85% of the company’s stock.

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.