Eightco (NASDAQ:ORBS) Trading Up 0.4% - Time to Buy?

Key Points

• Big quarterly loss: Eightco reported a ($2.39) EPS loss on $10.19 million in revenue, with a negative return on equity of 165.41% and a net margin of -794.44%, indicating heavy losses.
• Stock action: Shares were up 0.4% to $0.7891 midday but remain below the 50‑day moving average of $0.99, trading ~11.2M shares (down 44% vs. average) with a market cap of ~$296.5M and a beta of 2.33.
• Business and ownership: The company provides bitcoin mining equipment/co‑location services and also makes container board and corrugated products, while institutional investors hold about 12.85% of the stock after several small Q4 purchases.

Eightco Holdings Inc. (NASDAQ:ORBS - Get Free Report)'s share price was up 0.4% during mid-day trading on Thursday . The company traded as high as $0.81 and last traded at $0.7891. Approximately 11,216,579 shares changed hands during trading, a decline of 44% from the average daily volume of 19,896,052 shares. The stock had previously closed at $0.7857.

Eightco Price Performance

The company has a 50 day moving average of $0.99. The company has a market capitalization of $296.52 million, a P/E ratio of -0.56 and a beta of 2.33.

Eightco (NASDAQ:ORBS - Get Free Report) last issued its quarterly earnings results on Wednesday, April 15th. The company reported ($2.39) earnings per share for the quarter. The company had revenue of $10.19 million during the quarter. Eightco had a negative return on equity of 165.41% and a negative net margin of 794.44%.

Institutional Trading of Eightco

A number of institutional investors have recently made changes to their positions in the stock. PEAK6 LLC acquired a new stake in shares of Eightco in the 4th quarter worth approximately $26,000. LPL Financial LLC acquired a new stake in shares of Eightco in the 4th quarter worth approximately $28,000. Monograph Wealth Advisors LLC acquired a new stake in shares of Eightco in the 4th quarter worth approximately $33,000. Barclays PLC acquired a new stake in shares of Eightco in the 4th quarter worth approximately $33,000. Finally, JTC Employer Solutions Trustee Ltd acquired a new stake in shares of Eightco in the 4th quarter worth approximately $35,000. 12.85% of the stock is owned by institutional investors and hedge funds.

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.

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