Eightco Holdings Inc. (NASDAQ:OCTO) shares, rose in value on Thursday, 05/25/23, with the stock price up by 2.17% to the previous day’s close as strong demand from buyers drove the stock to $1.88.
Actively observing the price movement in the last trading, the stock closed the session at $1.84, falling within a range of $1.72 and $2.10. Referring to stock’s 52-week performance, its high was $442.00, and the low was $1.61. On the whole, OCTO has fluctuated by -14.93% over the past month.
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Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that OCTO’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
0 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 0 analyst(s), 0 recommend it as a Buy and 0 called the OCTO stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is -.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of OCTO currently trading nearly -9.22% and -35.91% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.89, while the 7-day volatility ratio is showing 9.55% which for the 30-day chart, stands at 12.17%. Furthermore, Eightco Holdings Inc. (OCTO)’s average true range (ATR) is 0.31.
Data on historical trading for Eightco Holdings Inc. (NASDAQ:OCTO) indicates that the trading volumes over the past 10 days have averaged 0.83 million and over the past 3 months, they’ve averaged 544.06K. According to company’s latest data on outstanding shares, there are 2.37 million shares outstanding.
Nearly 3.60% of Eightco Holdings Inc.’s shares belong to company insiders and institutional investors own 9.60% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 62910.0 shares as on Apr 27, 2023, resulting in a short ratio of 0.06. According to the data, the short interest in Eightco Holdings Inc. (OCTO) stood at 3.04% of shares outstanding as of Apr 27, 2023; the number of short shares registered in Mar 14, 2023 reached 17500.0. The stock has fallen by -80.39% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the OCTO stock heading into the next quarter.