Eightco Sees Unusually High Options Volume (NASDAQ:ORBS)

Eightco Holdings Inc. (NASDAQ:ORBS) was the recipient of unusually large options trading on Monday. Stock investors purchased 9,166 call options on the stock. This is an increase of approximately 32% compared to the typical volume of 6,956 call options.

Eightco Price Performance

ORBS traded up $0.17 on Monday, hitting $1.84. 29,105,022 shares of the company were exchanged, compared to its average volume of 2,443,147. The firm has a market cap of $363.02 million, a price-to-earnings ratio of -1.30 and a beta of 2.25. Eightco has a 12 month low of $0.98 and a 12 month high of $83.12.

Eightco (NASDAQ:ORBS) last released its quarterly earnings data on Friday, November 14th. The company reported ($0.58) earnings per share for the quarter. Eightco had a negative net margin of 74.37% and a negative return on equity of 14.76%. The company had revenue of $5.30 million for the quarter.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Eightco in a research report on Monday, December 22nd. Wall Street Zen lowered shares of Eightco from a “hold” rating to a “sell” rating in a report on Friday, November 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Eightco presently has an average rating of “Sell”.

Eightco Company Profile

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.