Traders Buy High Volume of DeFi Technologies Call Options (NASDAQ:DEFT)

DeFi Technologies Inc. (NASDAQ:DEFT) was the recipient of unusually large options trading on Monday. Traders bought 3,419 call options on the stock. This is an increase of approximately 97% compared to the typical daily volume of 1,732 call options.

DeFi Technologies Stock Up 8.7%

NASDAQ DEFT opened at $0.77 on Tuesday. The stock’s 50-day moving average price is $0.69 and its 200-day moving average price is $1.20. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.02. DeFi Technologies has a 52 week low of $0.47 and a 52 week high of $4.95. The company has a market capitalization of $300.37 million, a P/E ratio of 4.56 and a beta of 4.24.

DeFi Technologies (NASDAQ:DEFT) last released its earnings results on Thursday, April 2nd. The company reported $0.08 earnings per share (EPS) for the quarter. DeFi Technologies had a return on equity of 105.69% and a net margin of 23.89%.The firm had revenue of $19.08 million during the quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DEFT. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of DeFi Technologies in a research note on Wednesday, January 21st. Wall Street Zen raised DeFi Technologies from a “sell” rating to a “hold” rating in a research note on Saturday. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $4.50.

Institutional Trading of DeFi Technologies

Several institutional investors have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC purchased a new stake in shares of DeFi Technologies during the second quarter worth about $39,000. Jones Financial Companies Lllp grew its position in shares of DeFi Technologies by 971.4% during the third quarter. Jones Financial Companies Lllp now owns 15,000 shares of the company’s stock worth $32,000 after purchasing an additional 13,600 shares in the last quarter. Hudson Bay Capital Management LP purchased a new stake in shares of DeFi Technologies during the second quarter worth about $41,000. Royal Bank of Canada grew its position in shares of DeFi Technologies by 54.5% during the fourth quarter. Royal Bank of Canada now owns 42,900 shares of the company’s stock worth $33,000 after purchasing an additional 15,133 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of DeFi Technologies during the third quarter worth about $34,000.

DeFi Technologies Company Profile

DeFi Technologies Inc is a Vancouver-based company focused on decentralized finance (DeFi) and digital asset investments. Through strategic equity stakes and token allocations, the company aims to provide investors with exposure to leading DeFi protocols, applications, and infrastructure projects. Its core activities include sourcing, evaluating and acquiring positions in blockchain-based platforms that facilitate decentralized lending, trading, yield farming and liquidity provision.

In addition to its investment portfolio, DeFi Technologies works to develop and distribute tokenized products that bridge traditional capital markets with emerging DeFi ecosystems.