Eightco Holdings Stock Price on September 14, 2023
| OCTO Stock | 1.88 0.01 0.53% |
If you're considering investing in Eightco Stock, it is important to understand the factors that can impact its price. As of today, the current price of Eightco Holdings stands at 1.88, as last reported on the 2nd of December, with the highest price reaching 1.88 and the lowest price hitting 1.84 during the day. Eightco Holdings appears to be extremely dangerous, given 3 months investment horizon. Eightco Holdings secures Sharpe Ratio (or Efficiency) of 0.0583, which denotes the company had a 0.0583% return per unit of risk over the last 3 months. By reviewing Eightco Holdings' technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please utilize Eightco Holdings' Downside Deviation of 7.45, coefficient of variation of 2122.07, and Mean Deviation of 6.49 to check if our risk estimates are consistent with your expectations.
At this time, Eightco Holdings' Other Stockholder Equity is very stable compared to the past year. As of the 2nd of December 2024, Common Stock Shares Outstanding is likely to grow to about 607.1 K, though Total Stockholder Equity is likely to grow to (3.7 M). . As of the 2nd of December 2024, Price Earnings To Growth Ratio is likely to grow to 0.0003, while Price To Sales Ratio is likely to drop 0.02. Eightco Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Eightco |
Sharpe Ratio = 0.0583
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Estimated Market Risk
| 9.97 actual daily | 88 88% of assets are less volatile |
Expected Return
| 0.58 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Eightco Holdings is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Eightco Holdings by adding it to a well-diversified portfolio.
Price Book 0.3517 | Enterprise Value Ebitda (0.35) | Price Sales 0.0831 | Shares Float 1.6 M | Earnings Share 12.29 |
Eightco Holdings Valuation on September 14, 2023
It is possible to determine the worth of Eightco Holdings on a given historical date. On September 14, 2023 Eightco was worth 3.35 at the beginning of the trading date compared to the closed value of 3.51. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Eightco Holdings stock. Still, in general, we apply an absolute valuation method to find Eightco Holdings' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Eightco Holdings where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Eightco Holdings' related companies.
| Open | High | Low | Close | Volume | |
| 3.54 | 3.57 | 3.25 | 3.50 | 38,633 | |
09/14/2023 | 3.35 | 3.59 | 3.35 | 3.51 | 32,494 |
| 3.50 | 3.50 | 3.18 | 3.37 | 36,700 |
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Eightco Holdings Trading Date Momentum on September 14, 2023
| On September 15 2023 Eightco Holdings was traded for 3.37 at the closing time. The top price for the day was 3.50 and the lowest listed price was 3.18 . The trading volume for the day was 36.7 K. The trading history from September 15, 2023 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 3.99% . The overall trading delta against the current closing price is 14.53% . |
Eightco Holdings Fundamentals Correlations and Trends
By evaluating Eightco Holdings' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Eightco Holdings' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Eightco financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Eightco Holdings Stock history
Eightco Holdings investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Eightco is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Eightco Holdings will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Eightco Holdings stock prices may prove useful in developing a viable investing in Eightco Holdings
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 578.2 K | 607.1 K | |
| Net Loss | -42.5 M | -40.4 M |
Eightco Holdings Stock Technical Analysis
Eightco Holdings technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Eightco Holdings Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Eightco Holdings cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Eightco Holdings December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Eightco Holdings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Eightco Holdings shares will generate the highest return on investment. By undertsting and applying Eightco Holdings stock market strength indicators, traders can identify Eightco Holdings entry and exit signals to maximize returns
Eightco Holdings Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Eightco Holdings' price direction in advance. Along with the technical and fundamental analysis of Eightco Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Eightco to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0452 | |||
| Jensen Alpha | 0.3982 | |||
| Total Risk Alpha | (1.19) | |||
| Sortino Ratio | 0.0437 | |||
| Treynor Ratio | 1.05 |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Eightco Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Eightco Stock, please use our How to Invest in Eightco Holdings guide.You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eightco Holdings. If investors know Eightco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eightco Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 12.29 | Revenue Per Share 51.533 | Quarterly Revenue Growth (0.66) | Return On Assets (0.07) | Return On Equity (0.32) |
The market value of Eightco Holdings is measured differently than its book value, which is the value of Eightco that is recorded on the company's balance sheet. Investors also form their own opinion of Eightco Holdings' value that differs from its market value or its book value, called intrinsic value, which is Eightco Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eightco Holdings' market value can be influenced by many factors that don't directly affect Eightco Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eightco Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Eightco Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eightco Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.