Shares of Bitzero Holdings Inc. (NASDAQ:AIBZ – Get Free Report) dropped 5.3% during trading on Monday. The company traded as low as $2.47 and last traded at $2.49. Approximately 416,816 shares traded hands during mid-day trading, an increase of 29% from the average session volume of 322,056 shares. The stock had previously closed at $2.63.
Analysts Set New Price Targets
Separately, Weiss Ratings started coverage on shares of Bitzero in a research report on Tuesday, October 6th. They issued a “sell (d-)” rating on the stock. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company has a consensus rating of “Sell”.
Read Our Latest Analysis on AIBZ
Bitzero Stock Performance
The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 1.15. The company’s 50-day simple moving average is $3.76. The stock has a market cap of $134.83 million and a price-to-earnings ratio of -10.38.
About Bitzero
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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