The trading price of Eightco Holdings Inc (NASDAQ:OCTO) floating higher at last check on current market day and closing at $2.52, 57.50% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $2.17 and $3.04. In examining the 52-week price action we see that the stock hit a 52-week high of $4.86 and a 52-week low of $1.26. Over the past month, the stock has gained 33.33% in value.
Eightco Holdings Inc, whose market valuation is $6.36 million at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest OCTO has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently Hold.
A quick review shows that OCTO’s price is currently 49.44% off the SMA20 and 36.87% off the SMA50. The RSI metric on the 14-day chart is currently showing 76.74, and weekly volatility stands at 9.71%. When measured over the past 30 days, the indicator reaches 7.26%. Eightco Holdings Inc (NASDAQ:OCTO)’s beta value is currently sitting at 1.80, while the Average True Range indicator is currently displaying 0.23.
To see how Eightco Holdings Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: OCTO stock’s performance was 57.50% at last check in today’s session, and -11.42% in the past year.
An evaluation of the daily trading volume of Eightco Holdings Inc (NASDAQ:OCTO) indicates that the 3-month average is 77.95K. However, this figure has increased over the past 10 days to an average of 64040.0.
Currently, records show that 2.38 million of the company’s shares remain outstanding. The insiders hold 12.93% of outstanding shares, whereasinstitutions hold 1.81%. The stats also highlight that short interest as of 2024-10-31, stood at 12085.0 shares, resulting in a short ratio of 0.09 at that time. From this, we can conclude that short interest is 79.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 0.4 million. However, since the stock’s price has seen -1.95% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
