Eightco Holdings Inc. (NASDAQ:ORBS - Get Free Report) CEO Kevin O'donnell bought 200,000 shares of the firm's stock in a transaction on Thursday, June 11th. The shares were bought at an average price of $0.92 per share, for a total transaction of $184,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,246,485 shares in the company, valued at approximately $1,146,766.20. This represents a 19.11% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.
Eightco Stock Performance
Shares of NASDAQ ORBS opened at $1.05 on Tuesday. The firm has a market capitalization of $407.41 million, a P/E ratio of -1.78 and a beta of 2.03. Eightco Holdings Inc. has a one year low of $0.72 and a one year high of $83.12. The company's fifty day moving average is $0.91 and its two-hundred day moving average is $1.35.
Eightco (NASDAQ:ORBS - Get Free Report) last issued its earnings results on Wednesday, April 15th. The company reported ($2.39) EPS for the quarter. The company had revenue of $10.19 million for the quarter. Eightco had a negative return on equity of 111.48% and a negative net margin of 1,095.69%.
Institutional Investors Weigh In On Eightco
Several institutional investors and hedge funds have recently made changes to their positions in ORBS. PEAK6 LLC purchased a new stake in shares of Eightco in the 4th quarter worth about $26,000. Yorkville Advisors Global LP purchased a new stake in shares of Eightco in the 1st quarter worth about $27,000. LPL Financial LLC purchased a new stake in shares of Eightco in the 4th quarter worth about $28,000. Caerus Investment Advisors LLC purchased a new stake in shares of Eightco in the 1st quarter worth about $29,000. Finally, Monograph Wealth Advisors LLC purchased a new stake in shares of Eightco in the 4th quarter worth about $33,000. 12.85% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on ORBS shares. Weiss Ratings restated a "sell (e+)" rating on shares of Eightco in a research report on Tuesday, June 9th. Wall Street Zen upgraded shares of Eightco from a "strong sell" rating to a "sell" rating in a research report on Saturday, May 23rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of "Sell".
View Our Latest Report on ORBS
Eightco Company Profile
(
Get Free Report)
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.
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