Defi Technologies (NASDAQ:DEFT) Trading 10% Higher - Should You Buy?

Defi Technologies, Inc. (NASDAQ:DEFT - Get Free Report) shares were up 10% during mid-day trading on Friday . The stock traded as high as $3.45 and last traded at $3.42. Approximately 2,059,206 shares were traded during mid-day trading, an increase of 74% from the average daily volume of 1,182,484 shares. The stock had previously closed at $3.11.

Wall Street Analyst Weigh In

DEFT has been the topic of a number of analyst reports. Maxim Group upped their price target on shares of Defi Technologies from $6.50 to $7.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Wall Street Zen upgraded shares of Defi Technologies to a "hold" rating in a report on Friday, May 30th. Finally, HC Wainwright raised their price target on shares of Defi Technologies from $4.50 to $5.50 and gave the company a "buy" rating in a research report on Thursday, May 15th.

Defi Technologies Price Performance

The stock has a market cap of $1.12 billion, a P/E ratio of 11.55 and a beta of 5.25.

Defi Technologies Company Profile

DeFi Technologies, Inc engages in the provision of investment services. It plans to acquire equity, debt, or other securities of publicly traded or private companies or other entities. The firm offers DeFi ETNs, DeFi Governance, DeFi Venture and DeFi Treasury. The company was founded by Olivier Francois Roussy Newton and Wouter Witvoet on April 14, 1986 and is headquartered in Toronto, Canada.

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