Shares of Bitzero Holdings Inc. (NASDAQ:AIBZ – Get Free Report) shot up 10.5% on Wednesday. The stock traded as high as $3.01 and last traded at $2.94. Approximately 1,053,600 shares changed hands during trading, an increase of 235% from the average session volume of 314,197 shares. The stock had previously closed at $2.66.
Analyst Ratings Changes
Separately, Weiss Ratings began coverage on shares of Bitzero in a research report on Tuesday, October 6th. They issued a “sell (d-)” rating for the company. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock has a consensus rating of “Sell”.
Get Our Latest Analysis on Bitzero
Bitzero Stock Performance
The stock has a market capitalization of $159.20 million and a P/E ratio of -12.25. The stock has a fifty day moving average of $3.95. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 1.15.
Bitzero Company Profile
Bitzero is a digital asset infrastructure company focused on cryptocurrency mining and the development of data center facilities. Its business has been described as emphasizing energy-efficient operations, including the use of renewable power and the potential reuse of heat generated by mining and computing equipment.
The company has also pursued data center and digital infrastructure opportunities intended to support blockchain networks and other high-performance computing applications.
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