Eightco Target of Unusually High Options Trading (NASDAQ:ORBS)

Eightco Holdings Inc. (NASDAQ:ORBS) saw unusually large options trading on Monday. Investors acquired 9,166 call options on the company. This is an increase of approximately 32% compared to the average daily volume of 6,956 call options.

Eightco Stock Performance

Eightco stock opened at $1.84 on Tuesday. Eightco has a 52 week low of $0.98 and a 52 week high of $83.12. The stock has a market capitalization of $363.02 million, a PE ratio of -1.30 and a beta of 2.25.

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

Analysts Set New Price Targets

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

About Eightco

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.