Twenty One Capital (NYSE:XXI) Rating Increased to Hold at Wall Street Zen

Twenty One Capital (NYSE:XXI) was upgraded by analysts at Wall Street Zen from a “strong sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings upgraded shares of Twenty One Capital from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Twenty One Capital Price Performance

XXI opened at $5.32 on Friday. The stock has a fifty day simple moving average of $6.25 and a two-hundred day simple moving average of $7.32. The company has a current ratio of 25.22, a quick ratio of 25.22 and a debt-to-equity ratio of 0.19. The company has a market cap of $3.46 billion, a price-to-earnings ratio of -37.96 and a beta of -1.52. Twenty One Capital has a 12-month low of $4.81 and a 12-month high of $12.51.

Hedge Funds Weigh In On Twenty One Capital

A number of hedge funds have recently added to or reduced their stakes in XXI. Softbank Group CORP. purchased a new stake in Twenty One Capital during the 4th quarter valued at $780,575,000. Cantor Fitzgerald L. P. bought a new stake in shares of Twenty One Capital in the 4th quarter worth $49,843,000. Anson Funds Management LP purchased a new position in shares of Twenty One Capital in the first quarter worth $8,138,000. Pantera Capital Partners LP bought a new position in shares of Twenty One Capital during the fourth quarter valued at $2,956,000. Finally, Amundi bought a new position in shares of Twenty One Capital during the fourth quarter valued at $2,647,000.

About Twenty One Capital

Twenty One Capital Inc is a newly formed operating company focused exclusively on Bitcoin-related business lines. Twenty One Capital Inc, formerly known as Cantor Equity Partners Inc, is based in AUSTIN, Texas.