OCTO vs. WLDS, SOPA, TRKAQ, BOXL, GDC, SRAX, ESGL, BAOS, KWE, and ASST
Should you be buying Eightco stock or one of its competitors? The main competitors of Eightco include Wearable Devices (WLDS), Society Pass (SOPA), Troika Media Group (TRKAQ), Boxlight (BOXL), GD Culture Group (GDC), SRAX (SRAX), ESGL (ESGL), Baosheng Media Group (BAOS), KWESST Micro Systems (KWE), and Asset Entities (ASST). These companies are all part of the "business services" sector.
Wearable Devices (NASDAQ:WLDS) and Eightco (NASDAQ:OCTO) are both small-cap business services companies, but which is the better stock? We will compare the two companies based on the strength of their profitability, media sentiment, dividends, valuation, risk, institutional ownership, community ranking, analyst recommendations and earnings.
Wearable Devices has higher earnings, but lower revenue than Eightco.
0.2% of Wearable Devices shares are held by institutional investors. Comparatively, 12.9% of Eightco shares are held by institutional investors. 0.5% of Eightco shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.
In the previous week, Wearable Devices had 2 more articles in the media than Eightco. MarketBeat recorded 4 mentions for Wearable Devices and 2 mentions for Eightco. Eightco's average media sentiment score of 0.11 beat Wearable Devices' score of 0.00 indicating that Wearable Devices is being referred to more favorably in the media.
Wearable Devices has a beta of 2.08, indicating that its share price is 108% more volatile than the S&P 500. Comparatively, Eightco has a beta of 0.79, indicating that its share price is 21% less volatile than the S&P 500.
Wearable Devices and Eightco both received 0 outperform votes by MarketBeat users.
Wearable Devices has a net margin of 0.00% compared to Wearable Devices' net margin of -90.73%. Eightco's return on equity of 0.00% beat Wearable Devices' return on equity.
Summary
Wearable Devices beats Eightco on 8 of the 11 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding OCTO and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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