Eightco Holdings Stock Performance
| OCTO Stock | 1.85 0.09 5.11% |
On a scale of 0 to 100, Eightco Holdings holds a performance score of 3. The firm shows a Beta (market volatility) of 0.41, which means possible diversification benefits within a given portfolio. As returns on the market increase, Eightco Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Eightco Holdings is expected to be smaller as well. Please check Eightco Holdings' downside variance, and the relationship between the sortino ratio and accumulation distribution , to make a quick decision on whether Eightco Holdings' price patterns will revert.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Eightco Holdings are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of very weak basic indicators, Eightco Holdings displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
Last Split Factor 1:5 | Last Split Date 2024-08-16 |
1 | Eightco Regains Compliance with Nasdaq Listing Requirements | 09/24/2024 |
2 | Eightco Announces 100 million Revenue Forecast Releases 2025 Strategic Plan | 09/25/2024 |
3 | Acquisition by Jennings Frank D of 42500 shares of Eightco Holdings subject to Rule 16b-3 | 09/27/2024 |
4 | Short Interest in Eightco Holdings Inc. Drops By 72.9 | 11/14/2024 |
| Begin Period Cash Flow | 5.6 M | |
| Free Cash Flow | -6.9 M |
Eightco |
Eightco Holdings Relative Risk vs. Return Landscape
If you would invest 185.00 in Eightco Holdings on August 28, 2024 and sell it today you would earn a total of 0.00 from holding Eightco Holdings or generate 0.0% return on investment over 90 days. Eightco Holdings is currently generating 0.4573% in daily expected returns and assumes 10.042% risk (volatility on return distribution) over the 90 days horizon. In different words, 89% of stocks are less volatile than Eightco, and 91% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Eightco Holdings Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eightco Holdings' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Eightco Holdings, and traders can use it to determine the average amount a Eightco Holdings' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0455
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Estimated Market Risk
| 10.04 actual daily | 89 89% of assets are less volatile |
Expected Return
| 0.46 actual daily | 9 91% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 3 97% of assets perform better |
Based on monthly moving average Eightco Holdings is performing at about 3% 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.
Eightco Holdings Fundamentals Growth
Eightco Stock prices reflect investors' perceptions of the future prospects and financial health of Eightco Holdings, and Eightco Holdings fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Eightco Stock performance.
| Return On Equity | -0.32 | ||||
| Return On Asset | -0.0743 | ||||
| Profit Margin | (0.06) % | ||||
| Operating Margin | (0.24) % | ||||
| Current Valuation | 29.69 M | ||||
| Shares Outstanding | 2.44 M | ||||
| Price To Book | 0.33 X | ||||
| Price To Sales | 0.08 X | ||||
| Revenue | 75.3 M | ||||
| Gross Profit | 2.19 M | ||||
| EBITDA | (53.72 M) | ||||
| Net Income | (68.32 M) | ||||
| Total Debt | 36.9 M | ||||
| Book Value Per Share | (4.18) X | ||||
| Cash Flow From Operations | (6.4 M) | ||||
| Earnings Per Share | 12.29 X | ||||
| Market Capitalization | 4.3 M | ||||
| Total Asset | 55.41 M | ||||
| Retained Earnings | (113.28 M) | ||||
| Working Capital | (25.43 M) | ||||
About Eightco Holdings Performance
By examining Eightco Holdings' fundamental ratios, stakeholders can obtain critical insights into Eightco Holdings' financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Eightco Holdings is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 36.04 | 19.82 | |
| Return On Tangible Assets | (4.02) | (3.82) | |
| Return On Capital Employed | (0.62) | (0.66) | |
| Return On Assets | (1.23) | (1.17) | |
| Return On Equity | 17.37 | 18.24 |
Things to note about Eightco Holdings performance evaluation
Checking the ongoing alerts about Eightco Holdings for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Eightco Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Eightco Holdings had very high historical volatility over the last 90 days | |
| Eightco Holdings may become a speculative penny stock | |
| Eightco Holdings has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 75.3 M. Net Loss for the year was (68.32 M) with profit before overhead, payroll, taxes, and interest of 2.19 M. | |
| Eightco Holdings generates negative cash flow from operations | |
| Eightco Holdings has a frail financial position based on the latest SEC disclosures | |
| About 17.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from thelincolnianonline.com: Short Interest in Eightco Holdings Inc. Drops By 72.9 |
- Analyzing Eightco Holdings' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Eightco Holdings' stock is overvalued or undervalued compared to its peers.
- Examining Eightco Holdings' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Eightco Holdings' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Eightco Holdings' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Eightco Holdings' stock. These opinions can provide insight into Eightco Holdings' potential for growth and whether the stock is currently undervalued or overvalued.
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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
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.